June Gold traded to a new contract high of $1542.70, on Friday, April 29, 2011, the projected reversal date. Gold also reached target objective at the intersection of the ascending median line and downward sloping reaction line. This price action completes the longer-term bullish cycle that began with a pivot low on January 27, 2011.… read more
Tag Archives: traders market views
Swing Trading Strategies – Long S&P hits target objective before turning lower. [chart]
TMV Swing Trading Report – Long June S&P (e-mini) @ 1338.75 – Hit the Target! – The long position reached the 1354.75 target objective at the same time it reached the projected reversal bar and downward sloping reaction line. The long position was closed at 1354.75 only minutes before the market peaked at 1356.25 and… read more
Swing Trade signal – Bullish price action in Crude oil could signal new price advance. [chart]
TMV Swing Trade report – Short June Crude oil @ 111.95 – Crude traded to a low of 110.71 and where it found support and reversed and traded above the daily high. This is bullish price action and could set up a new price advance. Time to exit the short position and stand aside for… read more
Swing Trading Strategies – Coffee hit the Target! Closes long position for big gain! [chart]
TMV Swing Trading report – Long May Coffee @ 276.96 – Hit the target! Coffee traded sharply higher overnight and traded through the target objective and closed the long position at 292.75…for a big gain!… read more
Swing Trading Strategies – Coffee soars to new high on projected reversal date! [chart]
TMV Swing Trading report – Long May Coffee @ 276.95 – Coffee recovered from the short-term pullback, during Monday’s session, and traded to a high of 291.30…a new four-week high! Raise the profit stop to 284.95 and keep the target objective at 293.75.… read more
Swing Trading Strategies – New profit stop for short May Sugar.
TMV Swing Trade report – Short form 25.48 – current price @ 24.43 – Lower the profit down to 24.67.… read more
Reversal dates for the week of April 18 – April 22
Monday – Wheat, Bean oil, Crude oil Tuesday – RBOB gas, Gold, Coffee Wednesday – Corn Thursday – Soy meal Friday – For more information about reversal dates go to www.tradersnetwork.com… read more
Swing Trading Strategies – Silver has fulfilled Time and Price target objectives. What is the next move? [chart]
Silver has completed the longer-term bullish reaction cycle and reached the upside target objective, inside a cluster of projected reversal dates. This price action has fulfilled both time and price projections. The market is beginning to show signs of rolling over, which could result in a trend shift or, at the very least, a sharp… read more
Swing Trading Strategies – Crude oil reached target objective! [chart]
May Crude oil traded to a high of 113.46, slightly surpassing the projected target objective of 113.25 before reversing lower. The next projected reversal date is due April 13, 2011. Check the TMV Swing Trade report for new swing trading strategies for the Crude oil.… read more
Grains news – Chinese rate hike to pressure soybeans
CHICAGO, April 5 (Reuters) – Soybean futures on the Chicago Board of Trade were expected to open down 8 to 10 cents a bushel Tuesday, pressured by news China was raising benchmark deposit and lending rates in an attempt to cool inflation. Also weighing on prices is the advancing harvest of what is expected to… read more