Tag Archives: Traders Network

Swing Trading Strategy – Wheat hits target objective on predicted Reversal date. What’s next? [chart]

On June 29, September Wheat traded lower and closed at $4.57. This close was inside the 60% buy window that had began at $4.58 1/2. The following day, Wheat opened steady before surging higher and closing above the previous three closes. This higher close confirmed the June 29 low as the (D) pivot low. At the same time,… read more

Swing Trading Strategies – Action-Reaction makes accurate Gold projections, here is how! [chart]

As the August Gold futures contract trades at a new twelve week low and tests the reaction line target objective (currently at $1155.90) on a projected reversal date, I think it would be a good time to look back and see how this reversal date and target objective were determined, several days in advance. To begin, I will go… read more

Futures Broker/ Grain News and Calls

CHICAGO (Dow Jones)–U.S. wheat futures are expected to slide on Tuesday’s open following overnight losses on a stronger dollar and continued profit-taking after the market’s sharp rally last week. Chicago Board of Trade futures are called 4 cents to 6 cents lower. In overnight trade, CBOT September wheat was down 6 cents to $5.76 1/4… read more

Futures Broker / Grains Calls and News

By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Friday’s day session on the defensive, with the market consolidating ahead of the weekend after the week’s sharp gains. Overnight, Chicago Board of Trade August soybeans were 1/4 cent lower at $10.18 3/4 and November soybeans were 3/4 cent… read more

Swing Trading Strategy – New reaction swing projects higher target objective for Wheat! What’s the new price? [chart]

September Wheat could continue to trade higher until it reaches the newly projected reaction line.  The market had reached the previous reaction at $5.66 during Wednesday( July 14) trading session, before backing off and closing at $5.59. This time and price objective where determined from the TR pattern. (See blog entry from July 12). However,… read more

Futures Broker / Grain News and Calls

By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Wednesday’s day session on firm footing, buoyed by supportive technicals and weather uncertainties for the developing U.S. crop. Overnight, Chicago Board of Trade July soybeans were 1 1/2 cents lower at $10.29, August soybeans were 3 1/2 cents higher… read more

Futures Broker / Grain News and Calls

By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–U.S. wheat futures are poised for a weaker start to Tuesday’s day session, consolidating recent gains on favorable crop ratings and a lack of fresh supportive news. In overnight electronic trading, Chicago Board of Trade September wheat was 1 3/4 cents lower at $5.34, and… read more

Futures Broker / Grain Calls and News

WHEAT – Down 2 to 3 cents per bushel. Spillover pressure from Friday’s bearish USDA U.S. wheat production and ending stocks reports. Also pressure from a firm dollar and seasonal harvest weight. * Hot and dry weather in Europe remains a concern while overall satisfactory crop weather continues in the U.S. CORN – Down 1/2… read more