TMV Swing Trade report – long January RBOB gas from 2.2970. Market appears to be losing momentum. I recommend closing the long position to bank the current gains. The market is currently trading at 2.3345.… read more
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Swing Trading Strategies – Coffee reaches target objective! What now? [chart]
TMV Swing Trading Report – Long March Coffee from 212.20. – Coffee surged out of the new reaction swing and reached the initial target objective of 224.25. The market had paused and formed a new reaction swing between December 13th and December 16, setting the stage for today’s sharp price advance. The longer-term target objective remains at upper… read more
Swing Trading Strategies by John Crane – This pattern failure could lead to major move in the Eurocurrency! [chart]
March Eurocurrency has formed a bearish A-B-C continuation pattern after posted a sing pattern failure on the December 14th reversal date. This type of pattern typically precedes a significant price move in the prevailing trend direction. The zig zag pattern can also identify the center of the longer-term cycle. If this is confirmed, the euro… read more
Swing Trading Strategy – What is the next move for Soybeans? [chart]
January Soybeans traded higher after testing support at the 20- day EMA on the December 13th reversal date. The market surged off support and traded above the prior swing high as it formed a wide range momentum bar. However, the market stalled and has been trading sideways to lower over the past three days. Is… read more
Swing Trading Strategy – Lean Hogs poised for a fall. [chart]
Hogs rallied into the 60% sell zone on the December 13, 2010 reversal date. The market opened lower the following day and continues lower on Wednesday. The cycle remains bearish and the price action suggests Hogs are poised to break out of the reaction swing and decline into the December 22nd reversal date with a… read more
Swing Trading Strategies – Will there be a gap-n-go pattern in the Gold? [chart]
There are many negative signals developing in the Gold chart. The recent double top was followed by a three-day corrective bounce that reached the 60% sell window on a projected reversal date (December 14, 2010). Wednesday’s trading session opened with a gap lower and the market is currently trading below the prior day’s low. A… read more
Swing Trading Strategy – Bullish Reaction Swing Portends New Advance in Crude oil. [chart].
January Crude oil has formed a bullish reaction swing over the ascending median line. The market dipped down to the 20-day EMA just minutes before a 9.85 million barrel drawdown was reported in the EIA weekly petroleum supply and demand report. This caused Crude oil to rally off the 20-day EMA and trade above the… read more
Swing Trading Strategy – Swing pattern failure setting up strong buy signal for Japanese yen! [chart]
A double bottom formation appears to be setting up a buying opportunity for the March Japanese yen. The market traded below the prior swing low and dipped to 1.1186 before reversing and trading higher. The market was not able to find new sellers below the previous swing pattern and traded back into the consolidation. This… read more
Reversal dates for the week of 12/13 through 12/17
Monday – Hogs, Natural gas, Silver, Treasury bonds, Japanese yen Tuesday – RBOB gas, Gold, S&P, Eurocurrency, Cotton Wednesday – Cattle, Dow Jones Thursday – Soymeal, Canadian dollar Friday – Corn Learn how reversal dates can help you trading. www.tradersnetwork.com… read more
Swing Trading Strategy – Energy building for a significant move in Coffee. [chart]
Coffee has been forming a consolidation pattern over the past few weeks. I look at this sideways consolidation pattern and see two smaller reaction swings inside the larger reaction swing (identified by the high pivot on November 9 the low pivot on November 16th. The three reaction swings have formed a bullish pennant formation and that gives… read more