Tag Archives: Futures

Swing Trading Strategies – Reaction swing triggered buy in British pound. [chart]

In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “ Overnight, the pound traded… read more

Grain Opening Calls / Futures Broker

WHEAT – Up 10 to 12 cents per bushel. Brisk export sales, no signs of shipment interruptions to Egypt, a weak dollar, a technical rebound from Friday’s late slide and prospects for end-of-month fund buying lift wheat futures. CORN – Up 5 to 6 cents per bushel. Spillover support from a strong rebound in wheat,… read more

Futures News – Dollar remains under pressure after FOMC, Durable good and Housing data up next.

Dollar remains soft against Euro after Fed statement overnight failed to upgrade economic assessment despite strong data. The euro continues to stay firm above around 1.37 level as supported by comments from Trichet on inflation. Nevertheless, the greenback is staying in tight range against other major currencies as some support was provided from the rebound… read more

Swing Trading Strategies – March Wheat is approaching next reversal date and target objective. [chart]

TMV Swing Trade report – Long March Wheat @ $8.10. March Wheat continues to climb towards the projected target objective of $8.65. The long position was triggered after March Wheat traded lower and found support at the 20-day EMA of the January 2oth reversal date. Two days later, Wheat traded through the ascending median line… read more

Grain News and Opening Calls / Futures Broker

WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more

Swing Trading Strategies – Cattle post major reversal on projected reversal date. [chart]

February Cattle surged to a new  all-time high on the January 18th projected reversal date, but failed to hold the earlier gains and closed near the low of the daily session. The long tail, on the reversal dated price bar, warns of a swing pattern failure. A conformation on the swing pattern failure could signal a major top… read more

Grain News and Opening Calls / Futures Broker

WHEAT – Up 13 to 15 cents per bushel. News Algeria bought 600,000 tonnes of wheat on Monday, had purchased up to 1 million tonnes over the past couple of weeks and harsh weather in Australia and the U.S. combine to lift wheat futures. Lower dollar also supportive. CORN – Up 6 to 7 cents… read more

Swing Trading Strategies – What did “action-reaction” tells us about today’s reversal in Lean Hogs? [chart]

In last night’s issue of the TMV Swing Trading Report I wrote about the confluence of resistance displayed on  the February Lean Hogs chart. Prices had advanced slightly through the short-term ascending median line and were poised to test the long-term median line, as well as testing the prior major swing high of 81.37, posted… read more