WHEAT – Down 1 to 2 cents per bushel. * Pressure from firm dollar and falling equities amid mounting concern about the euro zone financial crisis. Plentiful supply of wheat also weighs. * Neutral reaction to USDA’s weekly export sales report. CORN – Down 1 to 2 cents per bushel. * Pressure from a turn… read more
Tag Archives: Commodities
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. Hesitant buying of wheat futures as equities and gold sag after Germany’s decision to ban naked short sales of certain financial instruments. CORN – Up 1 to 2 cents per bushel. Support from talk China bought two cargoes of U.S. corn and news from USDA that… read more
Futures Broker /Grain News and Calls
WHEAT – Down 1/2 to 1 cent per bushel. * Pressure from firm dollar and ongoing reminders of the plentiful global stockpile of wheat. Losses limited by the potential for short-covering bounces since the wheat market remains loaded with spec shorts. CORN – Down 2 to 3 cents per bushel. * Higher dollar, lower crude… read more
Swing trading software – currencies – RT Swing Trader catches the big moves.
Looking for a trading software program to help you trade the volatile currency markets? You may want to consider the RT Swing Trader. The program signals are pattern based so that it uses the markets own price action to identify “sweet spots” where the markets are building energy inside a trend that precede explosive market moves.… read more
Futures Broker / Grain News and Calls
WHEAT – Down 2 to 4 cents per bushel. Firm dollar weighing on market and plentiful supply of wheat continues to act as an anchor on the wheat market, which occasionally bounces amid short-covering. CORN – Down 3 to 5 cents per bushel. Higher dollar, lower crude oil and outlooks for a bumper U.S. corn… read more
Futures Broker / Grain News
WHEAT – Down 1 to 2 cents per bushel. Firm dollar and abundant supply of wheat weigh on market in addition to weight from corn/wheat spreading. * USDA said 485,500 tonnes of U.S. wheat sold for export last week, above estimates for 300,000 to 400,000. * Cold weather in the U.S. Plains not seen causing… read more
Swing Trading Strategies – How the Reversal swing date triggered swing trade in Silver. [chart]
July Silver peaked at $18.89 on May 3rd, one day after the projected reversal swing date. The following day, Silver began a sharp two-day decline that dropped the price from $18.85 to $17.08. The price decline stopped inside the 60% buy window (based off the price swing from March 25 to April 12), but more… read more
Futures Broker / Grain News
WHEAT – Up 3 to 5 cents per bushel. Following corn higher on news China bought U.S. corn. Investors also seeking safe-haven buys, including gold and grains, on continued worries about financial woes in Greece and the euro zone. CORN – Up 5 to 7 cents per bushel. Supported by news China bought U.S. corn… read more
Swing trading futures – Bearish Reaction in Cotton [chart]
Tuesday’s Crop Production report indicates that U.S. production will increase 37 percent in the next marketing year, due to an increase in harvested acreage and “unusually favorable” soil moisture in Texas. Looking at the chart, I see a bearish swing pattern forming under the 20-day EMA that could trigger the next market decline. Sell Cotton… read more
Futures Broker / Grain Calls
CHICAGO (Dow Jones)–Traders and analysts said Tuesday’s U.S. Department of Agriculture ending stocks data was negative for Chicago Board of Trade soybean and wheat futures. The data looks supportive for CBOT corn, but bearish outside market influences may balance out the lower-than-expected domestic corn ending stocks figures, a CBOT floor source said. Soybean futures are… read more