November Soybeans dipped into the 60% buy zone for the second time in as many days. Just like the previous day, Soybeans reversed and traded higher, moving out of the buy zone. Since today’s price action did occur on the projected reversal date, it may be significant because it occurred one day before Wednesday’s Grain Stocks and… read more
Tag Archives: Futures Trading
Futures Broker / Grain News
June 29 (Reuters) – U.S. wheat prices fell again on Tuesday, extending the previous session’s 1.5 percent loss to trade near their lowest level in more than two weeks on reports of high quality crops from the United States. Corn prices also edged down nearly one percent, holding near an eight-month trough, under pressure from… read more
Swing trading strategies – Dollar Index at critical juncture! [chart]
Swing Trade strategy in British pound [chart]
I currently have a recommended long position for the September British pound – long from 1.485- in the TMV Swing Trading Report. In the last issue I expressed concern that the market may have difficultly crossing the up-sloping median line and it my be time to exit. On the bullish side, is the bullish reversal… read more
Futures News / Grain Calls and News
WHEAT – Up 1 to 2 cents per bushel. Short-covering support as market remains heavily loaded with fund shorts. USDA’s export sales report also supportive. Gains limited by plentiful supplies of wheat as noted by Thursday’s IGC report and a firm dollar. CORN – Up 2 to 3 cents per bushel. Short-covering technical rebound after… read more
Futures Broker / Grain Calls and News
WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… read more
Futures Broker / Grain Calls and News
* WHAT: USDA Weekly Crop Progress report * WHEN: Monday 1600 EDT (2000 GMT) * Analysts see U.S. corn rated 76 pct good/excellent * Analysts see soybeans rated 71 pct good/excellent CHICAGO, June 21 (Reuters) – Rainy weather around the U.S. Midwest last eek was expected to cause the U.S. Agriculture Department to slightly ower… read more
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel. Spillover support from gains in KCBT and MGEX wheat futures amid excessive wet weather in the Canadian Prairies that is trimming wheat production prospects. Gains limited by profit-taking ahead of the weekend and after the gains early in the week and a firm dollar. CORN –… read more
Futures Broker / Grain Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to begin Thursday’s day session higher, buoyed by follow through buying from Wednesday. Strength in overnight trade is serving as an early signal of price direction. Soybeans are seen 2 cents to 4 cents higher. Overnight, Chicago Board of Trade July… read more