February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more
Tag Archives: Futures news
Swing Trading Strategies – How to use the Median line for a low-risk entry. [chart]
One on the most useful median line trading principles comes into play after the market trades through and closes beyond the median line. This is an indication of strength and it also identifies a low-risk entry point to allow traders to get on broad, if they missed the initial price move, or wish to add to existing… read more
Futures News – Weather concerns continues to support Soybeans
CHICAGO (Dow Jones)–U.S. soybean futures are expected to start at a 28-month high Tuesday as forecasts show little chance for rain in hot, dry areas of Argentina and raise concerns about dryness developing in southern Brazil. Traders predict soybean futures will start 7 to 9 cents a bushel higher at the Chicago Board of Trade.… read more
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
Grain News and Opening Calls / Futures Brorker
WHEAT – Down 2 to 4 cents per bushel. Concerns about China’s interest rate hike weighed on market but drop expected to be limited by weakness in U.S. dollar and low-quality of Australia’s crop. * China says supplies of wheat are sufficient. * Russian wheat output fell by 32.7 percent to 41.5 million tonnes in… read more
China Raises Interest Rates 12/27/2010 – Futures trading, news, broker
By Angela Moon NEW YORK, Dec 27 (Reuters) – Wall Street was set for a lower open on Monday as shares fell globally following a surprise interest rate increase from China’s central bank. China’s central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its… read more
EIA Inventory Report / Futures Broker
EIA Inventory Report * Crude stocks fall 5.33 million barrels * Distillate stocks off 589,000 barrels * Gasoline stocks up 2.4 million barrels NEW YORK, Dec 22 (Reuters) – U.S. crude inventories fell more than expected last week while gasoline stocks rose, according to a weekly report from the Energy Information Administration on Wednesday. Domestic… read more
Grain Calls Mixed /Futures Broker
WHEAT – Down 2 to 4 cents per bushel. Outlooks for drier weather in Australia’s wheat harvest lending pressure, but market underpinned by dryness in the U.S. Plains hard red winter wheat region. CORN – Up 2 to 4 cents per bushel. Gains for sixth straight session to a 28-month high on hot and dry… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Up 1 to 3 cents per bushel. * Market supported by concerns about tight supplies of quality wheat following weather problems in Australia and dry conditions in the U.S. Plains. Softer dollar lends support. Wheat also seen as oversold following active corn/wheat spreading this month. CORN – Steady to up 1 cent per… read more
Grain Opening Calls / Futures Broker
WHEAT – Down 2 to 4 cents per bushel * Consolidation expected as some traders close out positions ahead of the weekend. Losses will be limited by weather problems in the U.S. Plains and Australia. * Some light snow expected in the U.S. Southern Plains on Friday but dry conditions forecast for Saturday through Tuesday,… read more