WHEAT – Up 10 to 12 cents per bushel. Boosted by dry weather in key wheat areas of the U.S. Plains, including western Kansas, and in west Australia. Dryness also a concern in portions of the U.S. Midwest soft red winter wheat region. Weak dollar also supportive, as is a rumor that China may have… read more
Tag Archives: Trading News
Grain Opening Calls / Futures Broker
WHEAT – Down 1/2 to 1 cent per bushel. Pressure from a firm dollar, but market underpinned by dry weather in the U.S. winter wheat region that is leading to concern about seedings of the 2011 crop. * Dry weather beginning to cause concern in the winter wheat areas in the U.S. Midwest and also… read more
Reversal dates for the week of October 18 through October 22.
Monday – S&P Tuesday – Soybeans, Heating oil, Silver, Dow Jones Wednesday – Wheat, Coffee Thursday – Corn, Soymeal, Cocoa Friday – Cattle, Bean oil, Silver, Copper… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 3 to 5 cents per bushel Weak dollar, corn strength supportive to wheat futures. Dry weather in key winter wheat-planting areas also viewed as bullish. Traders say market prone to profit taking on rallies. * Rainy weather boosts soil moisture in eastern half of U.S. Midwest, but more storms needed for winter… read more
Grains Opening Calls / Futures Broker
WHEAT – Up 2 to 4 cents per bushel Strength in corn, weaker dollar expected to lead wheat futures higher early. CORN – Up 3 to 5 cents per bushel Prices expected to resume upward trend, after pause on Wednesday, as weak dollar spurs buying from investors seeking hedge against inflation. Commercial buying noted after… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Down 4 to 6 cents per bushel Market considered overbought after Friday’s corn-led rally. Firm dollar also overhanging prices. Traders waiting for results of Egyptian tender to give direction to market. * Dry weather a concern for planting of this year’s winter wheat crop in places like Indiana and western Ohio. CORN –… read more
Swing Trading Strategies – How I used the Median line to project the reversal date and target objective in Crude oil. [chart]
This daily chart of the November (2010) Crude oil, offers a very good example the importance of understanding the influence the median line can have on a market. Dr. Alan Andrew’s Median Line Trading Principle #1 states – ”When a median line is drawn from the most recent swings, the price should return to the median line approximately 80%… read more
Jobless Claims / Future Broker
WASHINGTON (AP) — Applications for unemployment benefits fell last week for the fourth time in five weeks, a sign that layoffs are declining. The Labor Department said Thursday that initial claims for jobless aid dropped by 11,000 to a seasonally adjusted 445,000. It’s the lowest level since the week ending July 10. Stock futures rose… read more
Crude Oil Inventory Report / Futures Broker
NEW YORK, Oct 6 (Reuters) – U.S. crude oil futures prices extended losses on Wednesday in choppy trading after a government oil inventory report showed crude stocks rose more than expected last week. The U.S. Energy Information Administration’s weekly report said the nation’s crude oil inventories rose by 3.09 million barrels in the week to… read more
Grain Calls and News / Futures Broker
WHEAT – Up 6 to 7 cents per bushel. Falling dollar and short-covering amid oversold technicals combine to lift wheat futures. * USDA late on Monday said 53 percent of the U.S. winter wheat crop had been planted, up from 33 percent a week ago and slightly behind the five-year average of 54 percent. *… read more