The TMV Swing Trading Report is currently holding a long recommendation for December Copper at 347.50 – Over the past few days, Copper pulled back to test support from the prior swing high (343.05 on August 4th), before rebounding slightly near the close. This short-term corrective pullback has formed a reaction swing pattern with a trigger… read more
Tag Archives: Commodities
Futures Broker / Grain Calls and News
CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. corn futures are expected to open slightly lower Friday on seasonal pressure and profit-taking ahead of the three-day holiday weekend. Chicago Board of Trade corn is called 1 to 2 cents lower. In overnight trade, September corn was down 2 cents to $4.31 per bushel and December corn was down 1 1/2… read more
Swing Trading Strategies – Gold reached the target objective on the projected reversal date! [chart]
In the August 25th issue of the Traders Market Views Swing Trading report, I wrote about the bullish TC pattern (trend continuation) that had just formed in the December Gold. The TC pattern began with the high pivot on August 19 and ended with a low pivot on August 23…which also happened to be a projected… read more
Swing Trading Strategies – Silver triggers new buy off of reversal/reaction date pattern. [chart]
Silver triggered a new buy signal after the overnight price dip below the ascending median line. Silver hasd crossed the median line, for the first time, on August 25th. Silver went on to use the median line as support and closed above the line four days in row, before dropping below the line overnight. However,… read more
Swing Trading Strategies – How important are prior swing highs or swing lows? [chart]
There are many ways to project future support or resistance levels. This information can then be used when setting entry and exit prices. One of the easiest methods is to just look in the past. Prior swing highs and lows can provide valuable information when a trader is unsure of where to enter or exit a… read more
Swing trading strategies – TC pattern triggers new buy signal for Decmeber Gold with a target objective at….[chart]
A five-wave corrective pattern came to an end and a new upward reaction cycle began, after Gold confirmed a pivot low on July 27. However, it was not until after the TC (trend continuation) swing pattern that formed between August 6 and August 10, that the bullish TR pattern sequence was confirmed and new time… read more
Futures Broker / Grain News and Calls
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are expected to rise as traders digest disappointing harvest results from former Soviet states devastated by drought and wait for the results of a tender from Egypt, the world’s largest importer of the grain. The harvest is rolling in the former Soviet Union and… read more
Swing Trading Strategies – What does the latest swing pattern say about Silver? [chart]
Swing traders understand that they need to capture the majority of the price move between consolidation pattern in order to be successful. They also understand that markets need to build energy, before a breakout, in order to continue a trend. One of my favorite energy patterns is the A-B-C continuation pattern and it has just… read more
Futures Broker / Grain
WHEAT – Down 10 to 12 cents per bushel. Improved winter wheat seeding weather in parts of Russia, some rainfall in dry wheat areas of west Australia, profit-taking and a firm dollar combine to weigh on wheat futures. * EU wheat slips, outside markets, weather weigh. * Cooler temperatures and some rainfall has eased stress… read more