WASHINGTON, June 17 (Reuters) – U.S. consumer prices recorded their bigge decline in nearly 1-1/2 years in May as energy costs dropped, according to a government report on Thursday that pointed to tame inflation pressures and lo interest rates. The Labor Department said its seasonally adjusted Consumer Price Index fe 0.2 percent last month, the… read more
Tag Archives: Futures Trading
Swing Trading Strategies – N-gas reverses at R-line target objective. [chart]
July Natural gas ended a corrective pullback on the June 9threversal swing day (marked by the green arrow on the chart). The newly confirmed reaction swing received additional bullish confirmation when N-gas gapped higher at the open of the June 14th trading session and then closed 225 points higher for the day. It appeared that N-gas was off and running as bullish news appeared everywhere.… read more
Futures Broker / Grain Calls and News
June 16 (Reuters) – Chicago soybean futures rose half a percent on Wednesday, as oilseed markets remained supported by rains that could slash canola output in Canada and hamper soybean crop progress in the United States. Chicago soy and grain futures drew some strength from greater risk appetite among investors, although share prices gave up… read more
Swing trading strategies – How to handle explosive markets! [chart]
July Coffee continues to push higher, surging over 2400 points in the last four days. Explosive markets can offer huge opportunities or huge risks. In this case, price has exceeded time as Coffee reached the first reaction line target objective (148.50, on Friday, June 11. 2010), before settling back to the up-sloping median line at the close of… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. * Profit-taking setback after rally on Monday. Wheat gained on Monday, led up by concerns about a cut in Canadian wheat output due to excessive wet weather CORN – Down 1 to 2 cents per bushel. * Profit-taking after Monday’s gains weigh on corn futures, in… read more
Systematic Swing Trader – Futures
For June 2010 (only) AS of June 10, 2010 System tracked positions that closed this month. The current total ‘closed’ profit (loss) $10,560.65 Market Fill Date Exit Date Strategy Type Profit (Loss) Wheat 2010-05-25 2010-06-01 Short Small Target 0 Wheat 2010-05-25 2010-06-01 Short Trail Entry 150 Cotton 2010-05-25 2010-06-02 Short Big Target 1600 Cotton 2010-05-25… read more
Reversal dates for the week of June 14 – June 18
Monday – Cattle, Hogs, Gold Tuesday – Heating oil Wednesday – Treasury bonds, Australian dollar Thursday – Soy meal, S&P, Dow Jones, Canadian dollar, Cocoa, Orange juice, Coffee Friday – Cattle, Cotton… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel Short-covering supportive but plentiful supply situation continues to cap any gains. CORN – Steady to up 2 cents per bushel Prices receiving some support from talk that China could step up purchases of U.S. corn but gains likely to be limited unless market gets confirmation of… read more
Swing Trade signals – Dow Jones – failed swing pattern portends trend change. [chart]
June Dow Jones futures traded below the prior swing low on June 8th. The market was trading out of a three -wave continuation pattern and the new low suggested a continuation of the downward trend. However, the market stalled and began to erase all the daily losses and finally closed above the previous low close and at the… read more
Futures Broker / Grain Calls and News
By Ian Berry OF DOW JONES NEWSWIRES CHICAGO (DOW JONES)– Supply and demand estimates from the U.S. Department of Agriculture Thursday were considered bullish for Chicago Board of Trade corn and neutral for both soybeans and wheat, traders said. The highlight of the reports, traders said, was a surprising cut in both old-crop and new-crop… read more