CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange cattle futures were narrowly mixed early on Wednesday in electronic trading as beef market was seen topping. Hogs were higher on support from Friday’s bullish hog report with steadier cash hogs and higher product supportive.… read more
Tag Archives: traders market views
Heating oil confirms TR sell pattern with new time and price objectives. [chart]
May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more
Short Yen swing trade has reached the median line target objective.[chart]
The sell recommendation made in the March 24, issue of the Traders Market Views was triggered at 1.1019 in the overnight session. The market has contnued to trade lower under heavy pressure and has reached the descending median line target objective at 1.0879. This is the initial target objective and typically offers support after a… read more
Swing trading opportunity setting up for Swiss franc [chart]
June Swiss franc – The Swiss franc is beginning to exhibit a show of strength on speculation that the central bank will begin relaxing a year-old policy of selling the currency to curb its strength. The market has formed a bullish reaction swing with a retest of the 20-day SMA on Monday. This is a… read more
Cattle approaching target objective during reversal timing. [chart]
Cattle have been in a bullish trend cycle since mid-December and are approaching the long-term reaction line target objective of 97.50, projected several weeks earlier.… read more
TR swing pattern portends price advance in British pound. [chart]
The long-term bearish reaction cycle ended on the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift. Currently the market is setting… read more
Reversal swing date for the week of March 15 – 19.
Monday – Dollar index Tuesday – Silver, Gold, Dow Jones, Canadian dollar, Japanese yen Wednesday – Soybeans Thursday – Treasury Bonds Friday – Cattle… read more
Crude oil breaks resistance and continues bullish cycle.
After testing resistance at the junction where the descending reaction line (red line) and the ascending median (center blue line) three times, Crude broke through on Friday. A solid close above the median line should portend a rally to test the prior high at 84.95. The cycle remains bullish until the March 10 reversal swing… read more
British pound completes bearish cycle, due for rebound. [chart]
Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more
Gold confirms bullish reaction swing, ready to run!
Gold traded above the pivot high, confirming the bullish action swing and a TC pattern. Confirmation of the TC pattern portends a upward swing to the test the prior high of $1166.00 for the short-term, with a longer-term target objective at $1220.00 or higher. I will keep you updated with stop movements in the TMV Swing trading… read more