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
Tag Archives: Futures Trading
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
Future Broker / Grain News and Calls
WHEAT – Up 12 to 15 cents per bushel. Prospects for Russia to import grains following the worst drought on record lifting wheat prices. * Concern about dry weather in western Australia adds support. * Dry, cold weather hampers Argentine wheat – gov’t. * EU wheat lifted by export demand, more German rain. * Russian… read more
Futures Broker / Grain Calls
CHICAGO, Aug 19 (Reuters) – CBOT wheat futures were expected to open 20-25 cents per bushel on Thursday on news Russia may begin to import grain and on a big number for wheat in USDA’s weekly export sales report. CBOT corn was expected to open 3 to 5 cents per bushel higher on spillover support… read more
Swing Trading Strategies – Sept Eurocurrency forms a bearish reaction swing, but is it time to sell? [chart]
After completing a bullish reaction cycle on the August 8th reversal date, September Eurocurrency has been in a downward price swing. The euro has posted two consecutive higher closes following several closes below the 20- day EMA. The corrective rally appears to be a bearish reaction swing and could be forming a new sell pattern. A trade below the August… read more
Swing Trading Strategies – T-Bonds reach target objective on projected reversal date. What’s next? [chart]
September Treasury bonds reached the target objective at 134-00, on the projected reversal/reaction date. In a classic “action-reaction’ fashion, the market reached the projected price level on the predicted reversal/reaction date. This is a good time to take a look back to see how the target objective and reversal/reaction date could have been identified two weeks earlier. The… read more
Swing Trading Strategies – Can Time and Price target objectives be projected in advance? By John Crane [chart]
On August 3rd, August Hogs traded at a new three month high, reaching 87.57, before reversing and closing as an “outside day” price bar with a negative close. The next day, the market collapsed and closed limit-down. Could the time and price of this significant high have been predicted? To answer this question, lets take a look at the ‘action/reaction” time and… read more
Swing Trade Strategies – After completing the bearish reaction cycle, what is next for the Gold? [chart]
Gold completed the long-term bearish reaction cycle when it reached the downside target objecitve of $1156.90 on the July 28 reversal date. This date had been projected 7 days earlier, after Gold had completed the TC (trend continuation) pattern with a lower close on July 16. Using the newly confirmed TC pattern, a reverse/forward count was done with… read more
Swing Trading Strategy – Wheat hits target objective on predicted Reversal date. What’s next? [chart]
On June 29, September Wheat traded lower and closed at $4.57. This close was inside the 60% buy window that had began at $4.58 1/2. The following day, Wheat opened steady before surging higher and closing above the previous three closes. This higher close confirmed the June 29 low as the (D) pivot low. At the same time,… read more
Swing Trading Strategies – Long Coffee signal reaches target objective! A follow up to the July 23rd blog! [chart]
In the July 23, 2010 issue of the TMV Swing Trading Report, I made a recommendation to buy Coffee at 162.05. (See the July 23 post in this blog) The buy signal was triggered following the completion of a five-wave continuation pattern and ended on the July 21…a projected reversal date. The buy signal was triggered on… read more