Friday’s outside day is an added confirmation of the bullish zig zag continuation pattern. The market price action portends a price advance into the December 28th reversal date with an initial target objective at 8300 to 8350. I will keep you updated on this swing trade recommendation in the TMV Swing Trading Report.… read more
Tag Archives: economic news
Grain Opening Calls / Futures Broker
WHEAT – Down 2 to 4 cents per bushel * Consolidation expected as some traders close out positions ahead of the weekend. Losses will be limited by weather problems in the U.S. Plains and Australia. * Some light snow expected in the U.S. Southern Plains on Friday but dry conditions forecast for Saturday through Tuesday,… read more
Grain News / Futures News
CHICAGO, Dec 15 (Reuters) – Signs of good export demand supported Chicago Board of Trade wheat and soybean futures early on Wednesday, traders said. Shortly before the futures market opened, Egypt announced it bought 110,000 tonnes of hard red winter wheat from the United States. Additionally, Jordan bought 150,000 tonnes of U.S. hard red winter… read more
Retail Sales 12/14/2010 : Futures Trading News
WASHINGTON, Dec 14 (Reuters) – Sales at U.S. retailers rose more than expected in November as consumers splurged on clothing and other items at the start of the holiday season and receipts at gasoline stations surged, more evidence the economic recovery gathered steam in the fourth quarter. The Commerce Department said on Tuesday total retail… read more
Opening Grain Calls and News / Futures Broker
WHEAT – Up 4 to 6 cents per bushel Weak dollar boosting market in addition to ongoing concerns about harvest delays, crop conditions in Australia as well as dry weather in U.S. Plains * Dry weather and wide temperature swings will cause further stress to the hard red winter wheat crop in western areas of… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Down 10 to 15 cents per bushel. Pressure from a higher dollar and profit-taking after the rally early in the week to a four-month high left the market technically overbought and due for a correction. * USDA to cut U.S. wheat stocks amid Australian rain. * Floods in Australia cut wheat crop. Estimated… read more
Weather News Grains Calls Higher / Futures Broker
WHEAT – Up 12 to 15 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in portions of the U.S. winter wheat region and in China’s wheat belt. Weak dollar also supportive. * Australia sees record wheat crop, but quality down. * Paris wheat at new high on Australia… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 5 to 10 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in the U.S. western Plains and in portions of China’s wheat growing region. Gains limited by a firm dollar. CORN – Down 3 to 5 cents per bushel. Firm dollar, lower crude oil and… read more
Grain Calls -Futures Broker
WHEAT – Up 20 to 25 cents per bushel. Excessive rainfall in Australia’s wheat harvest, dry weather in the U.S. Plains and prospects for a sale of U.S. wheat to Egypt boost prices in addition to support from a weak dollar. CORN – Up 8 to 10 cents per bushel. Lower dollar, higher crude oil… read more
Swing Trading Strategy – Will the Euro reach the target objective before the December 2nd reversal date? [chart]
TMV Swing Trade report – Short December Eurocurrency from 1.3441 – The euro is trading sharply lower for the sixth day in a row, after breaking out of the bearish reaction swing of November 16 to November 19. The euro continues to be pressured by Eurozone debt woes as CDS on Spain, Portugal and Italy… read more