Monday April 5 is first notice day. If you are long look to get out to day.… read more
Tag Archives: Futures Trading
Livestock News
CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange cattle futures were narrowly mixed early on Wednesday in electronic trading as beef market was seen topping. Hogs were higher on support from Friday’s bullish hog report with steadier cash hogs and higher product supportive.… read more
Opening Grain Calls
CHICAGO, March 31 (Reuters) – CBOT soy futures were called to open down at least 7 to 12 cents per bushel Wednesday, with corn down 3 to 5 cents and wheat down 2 to 4 cents on what traders called bearish stocks data in USDA’s quarterly stocks report. (Reporting by Sam Nelson; Editing by John… read more
How the median line acts as a price magnet. [chart]
This Coffee chart is a great example how the median line (center line) acts like a magnet to attract price. How the market reacts to this line can be a very good indicator of future price action. A market that reaches the line quickly and with a wide range day will typically reverse at the line.… read more
Hog update
Chicago Mercantile Exchange lean hog futures were sharply higher in early pit trading on Tuesday as funds continued to buy summer month contracts after USDA on Friday reported a smaller-than-expected U.S. hog herd, traders said.… read more
Opening Grain Calls
Soybeans-Up 5 to 7 cents per bushel. Weak dollar, higher crude oil and concerns about ability of South America to ship soy due to spreading labor protests in Argentine ports lift soybeans. CORN – Up 1 to 2 cents per bushel. A weak dollar and firm crude oil lift corn futures but gains limited by… read more
Heating oil confirms TR sell pattern with new time and price objectives. [chart]
May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more
Is Silver poised for another fall? [chart]
Silver has completed a 5-wave continution pattern that may mark the center of the longer-term downward cycle. The market is currently forming a bearish TR swing pattern and has retested the downward sloping parallel line as well as the 20- day SMA. A confirmation of the pattern will trigger the next downward slide to the… read more
Possible bullish TR swing pattern forming in Soybeans [chart]
Soybeans touched the ascending median line objective on March 22. The market stopped at the median line and posted two consecutive lower closes as it pulled back to the 20-day SMA. This is a possible bullish TR pattern forming inside the prior market swing. A trade above $9.76 1/2 would confirm the pattern and trigger… read more
Livestock News
Chicago Mercantile Exchange live cattle futures were lower early on Wednesday in electronic trading amid carry-over technical selling and pressure following weakness in other commodities. Hog futures were lower with the weak tone to cash markets weighing on April and premium to cash pressuring other months.… read more