TraderPlanet.com :: Commentaries tagged (coffee)

Softs Market Commentary

JimWyckoff, TraderPlanet.com — Thu, 09 Feb 2012 12:47:44 +0000

March sugar closed up 8 points at 24.48 cents yesterday. Prices closed near mid-range yesterday and hit a fresh two-week high on more short covering. Sugar bears do still have the slight near-term technical advantage. Sugar bulls' next upside price breakout objective is to push and close prices above solid technical resistance at the January high of 25.21 cents. Bears' next downside price breakout objective is to push and close prices below solid technical support at last week's low of 23.41 ...

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True Commodity Play 2/6/12

mbwealth, TraderPlanet.com — Mon, 06 Feb 2012 21:53:50 +0000

After speaking with several prospective commodity clients today I want investors to recognize that by trading etf's or buying stocks in a commodity sector you are not trading commodities. That being said commodity trading is not appropriate for most investors but those financially suitable with some risk tolerance should explore futures, options and managed futures as a pure commodity play. Come on guys you buy your wife diamonds not cubic zirconia right? Crude oil lost ground today but the s...

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Softs Market Commentary

JimWyckoff, TraderPlanet.com — Thu, 02 Feb 2012 12:57:49 +0000

March sugar closed up 2 points at 23.66 cents yesterday. Prices closed nearer the session high but did hit a fresh two-week low early on. Bulls have faded recently and bears have the near-term technical advantage. Sugar bulls' next upside price breakout objective is to push and close prices above solid technical resistance at last week's high of 25.21 cents. Bears' next downside price breakout objective is to push and close prices below solid technical support at 23.52 cents. First resistance...

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Softs Market Commentary

JimWyckoff, TraderPlanet.com — Wed, 25 Jan 2012 13:00:34 +0000

March sugar closed down 20 points at 24.76 cents yesterday. Prices closed near the session low yesterday and did hit another fresh nine-week high early on. The key "outside markets" were bearish for the sugar market yesterday, as the U.S. dollar index was firmer and crude oil prices were weaker. Bulls still have the slight near-term technical advantage in sugar. Sugar bulls' next upside price breakout objective is to push and close prices above solid technical resistance at 25.50 cents. Bears...

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Looking Ahead 1/23/12

mbwealth, TraderPlanet.com — Mon, 23 Jan 2012 21:06:24 +0000

Fed meeting this week as well as any new developments out of Europe. My suggestion is to always look one-two weeks in advance for upcoming economic events when initiating trades. Just when it appears Crude was destined to move lower prices reversed finishing 1.65% higher today. $1oo appears to be a magnet for pricing and until we get $3-4 north or south of that level expect sideways action to continue. I do not feel comfortable trading either side currently. A 9% appreciation in natural gas a...

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Protected: The Line in the Sand January 23, 2012

mbwealth, TraderPlanet.com — Sun, 22 Jan 2012 17:38:46 +0000

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