Last Thursday, the business channels were full of experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the midst of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more
Tag Archives: Commodities
Futures Broker / Grain News
By K.T. Arasu CHICAGO, May 9 (Reuters) – Investors will get a strong dose of fundamental trading points in grains this week from a set of government data expected to point to growing stockpiles of corn and soybeans in the United States. The possibility of damage to the corn crop from freezing temperatures that were… read more
Swing Trading Strategies – Reversal Swing dates for May 10 – May 14.
Monday – Treasury Notes Tuesday – Treasury Bonds, Dow Jones Wednesday – Corn, Wheat, Canadian dollar, British pound, Australian dollar Thursday – Eurocurrency Friday – Dollar index, Cocoa, Coffee For more information about Reversal swing dates and the “action-reaction” theory check out “Unlocking Wealth, Secret to Market Timing”.… read more
Futures Broker / Grain News
WHEAT – Down 1 to 3 cents per bushel. Slow exports of U.S. wheat and plentiful global stockpile of wheat continues to act as an anchor on the wheat market. Some underlying support due to fact wheat market is loaded wit short-sellers, leading to occasional bouts of short-covering rallies. CORN – Up 1 to 2… read more
Futures Broker/ Soybean News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Thursday’s day session with a mixed undertone, as support from solid demand and uncertain crop potential battle the bearish influence of outside markets. Futures are garnering underpinning strength from the uncertainties surrounding the 2010 planting season and a tight… read more
Swing Trading strategies – Gold turns on projected reversal date. [chart]
The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and… read more
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures Broker/Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Strong dollar, solid condition ratings for the U.S. winter wheat crop and a plentiful supply of wheat combine to weigh on wheat futures. Market underpinned by cold snap late this week in the U.S. that may harm some of the headed wheat. CORN – Down 2… read more
Grain News
WHEAT – Up 1 to 2 cents per bushel. Short-covering lifts wheat futures but gains limited by firm dollar and good growing conditions for the U.S. winter wheat crop. CORN – Up 1 to 2 cents per bushel. Talk China bought 8 to 10 cargoes of U.S. corn and wet weather this week that is… read more
Grain Calls
WHEAT – Up 1 to 2 cents per bushel. Weak dollar and gains in equities lift wheat futures in addition to short-covering as the wheat futures market remains loaded with trading fund short positions. CORN – Up 1 to 2 cents per bushel. Trade speculation that the United States may sell more corn to China,… read more