One on the most useful median line trading principles comes into play after the market trades through and closes beyond the median line. This is an indication of strength and it also identifies a low-risk entry point to allow traders to get on broad, if they missed the initial price move, or wish to add to existing… read more
Tag Archives: Futures Trading
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
Grain News and Opening Calls / Futures Brorker
WHEAT – Down 2 to 4 cents per bushel. Concerns about China’s interest rate hike weighed on market but drop expected to be limited by weakness in U.S. dollar and low-quality of Australia’s crop. * China says supplies of wheat are sufficient. * Russian wheat output fell by 32.7 percent to 41.5 million tonnes in… read more
China Raises Interest Rates 12/27/2010 – Futures trading, news, broker
By Angela Moon NEW YORK, Dec 27 (Reuters) – Wall Street was set for a lower open on Monday as shares fell globally following a surprise interest rate increase from China’s central bank. China’s central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its… read more
US Jobless claims dip, consumer spending rises
* Weekly jobless claims fall 3,000 * Consumer spending up 0.4 pct in Nov * Durable goods orders fall 1.3 pct * Orders ex-transportation surge 2.4 pct WASHINGTON, Dec 23 (Reuters) – New U.S. claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of… read more
TMV Swing Trading report – Update on Long February Hogs position. (chart)
TMV Swing Trading report – Long February Hogs @ 75.75 – Higher than expected cash prices due to high demand triggered a strong rally in February Hogs. The price surge stalled after the price advanced above the prior swing high and reached the ascending median line. It is time to exit the long Hogs position… read more
EIA Inventory Report / Futures Broker
EIA Inventory Report * Crude stocks fall 5.33 million barrels * Distillate stocks off 589,000 barrels * Gasoline stocks up 2.4 million barrels NEW YORK, Dec 22 (Reuters) – U.S. crude inventories fell more than expected last week while gasoline stocks rose, according to a weekly report from the Energy Information Administration on Wednesday. Domestic… read more
Hogs Higher On Higher Cash Prices / Futures Broker
KANSAS CITY (Dow Jones) — U.S. hog futures are sharply higher in early trading Wednesday on stronger-than-expected cash prices just ahead of the christmas holiday, expectations of smaller slaughter-ready hog supplies by mid-January and spillover support from gains in cattle and most other commodity sector.… read more
Home Sales Less Than Expected / Futures Broker
WASHINGTON, Dec 22 (Reuters) – Sales of previously owned homes rose less than expected in November, suggesting the U.S. housing sector is struggling to gain traction as high unemployment and tight lending standards continue to hamper recovery. Sales rose 5.6 percent to a seasonally adjusted annual unit rate of 4.68 million units, the National Association… read more
Grain Calls Mixed /Futures Broker
WHEAT – Down 2 to 4 cents per bushel. Outlooks for drier weather in Australia’s wheat harvest lending pressure, but market underpinned by dryness in the U.S. Plains hard red winter wheat region. CORN – Up 2 to 4 cents per bushel. Gains for sixth straight session to a 28-month high on hot and dry… read more