CHICAGO (Dow Jones)–Traders and analysts said Tuesday’s U.S. Department of Agriculture ending stocks data was negative for Chicago Board of Trade soybean and wheat futures. The data looks supportive for CBOT corn, but bearish outside market influences may balance out the lower-than-expected domestic corn ending stocks figures, a CBOT floor source said. Soybean futures are… read more
Tag Archives: Futures Trading
Swing Trading Strategies – R-Swing date picked high in U.S Dollar
During last Thursday’s trading session the business channels were full experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the mist of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more
Futures Broker / Grain News
WHEAT – Down 1 to 3 cents per bushel. Slow exports of U.S. wheat and plentiful global stockpile of wheat continues to act as an anchor on the wheat market. Some underlying support due to fact wheat market is loaded wit short-sellers, leading to occasional bouts of short-covering rallies. CORN – Up 1 to 2… read more
Swing Trading Strategy for Dow Jones futures [chart]
June Dow Jones –The Dow futures plunged 994 points, to a low of 9840, before a short-covering rebound. The April 27th and May 3rd reversal dates identified the major highs that formed the bearish TR pattern in the Dow Jones futures that signaled the trend shift and triggered the sell. However, today’s wide range day… read more
Swing Trading Strategies – Reversal date pinpoints Swiss franc reversal. [chart]
The reverse-forward count, from the TR swing pattern (March 17 – April 4), was used to project a future reversal swing date on May 6th. The “action-reaction” line also forecast a price target objective at the intersection of the down-sloping median line and the up-sloping reaction line (8920). The Swiss franc breached the target objective on the predicted date and… read more
Swing Trading strategies – Gold turns on projected reversal date. [chart]
The dramatic sell-off Gold began early Tuesday morning after the market traded to a new 5-month high of $1192.80. The market hit resistance at the 1.272% Fib extentsion before the heavy selling was triggered by the debt crisis in Greece. Gold tumbled to a low of $1156.20 on Wednesday ( a projected reversal swing date) and… read more
Swing Trading Strategies for the Dow Jones Futures. [chart]
The Dow Jones futures posted a major reversal on the April 27th reversal swing day , projected several days in advance. The reversal occurred one day after the Dow Jones futures traded to a new 18 month high of 11206. After trading at the new high, the Dow Jones dropped to support before rebounding into the down-sloping reaction line… read more
Futures Broker/Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Strong dollar, solid condition ratings for the U.S. winter wheat crop and a plentiful supply of wheat combine to weigh on wheat futures. Market underpinned by cold snap late this week in the U.S. that may harm some of the headed wheat. CORN – Down 2… read more
Grain News
WHEAT – Up 1 to 2 cents per bushel. Short-covering lifts wheat futures but gains limited by firm dollar and good growing conditions for the U.S. winter wheat crop. CORN – Up 1 to 2 cents per bushel. Talk China bought 8 to 10 cargoes of U.S. corn and wet weather this week that is… read more
Grain Calls
WHEAT – Up 1 to 2 cents per bushel. Weak dollar and gains in equities lift wheat futures in addition to short-covering as the wheat futures market remains loaded with trading fund short positions. CORN – Up 1 to 2 cents per bushel. Trade speculation that the United States may sell more corn to China,… read more