TraderPlanet.com :: Commentaries tagged (cotton)

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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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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The January Effect 1/31/12

mbwealth, TraderPlanet.com — Tue, 31 Jan 2012 20:46:36 +0000

With one month under our belt how is your 2012 looking?

RBOB, OJ, stocks, feeder cattle and all the metals were the upside movers in the month of January while natural gas was the only negative standout. Will these moves set the tone for trading in 2012?

The move lower has been minor but Crude has closed lower for the last four sessions. Today a $3 rally was rejected as prices will close just above $98 the lowest close in one week. I continue to get mixed signals and would suggest waiting for...

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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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Protected: The Line in the Sand January 23, 2012

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

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