On Demand

Futures/Commodities Commentaries

Showing Posts 1 - 15 out of 173 found.

March Australian Dollar Futures: Trading Idea October 30, 2014

March Australian Dollar Futures a Buying Opportunity on More Price Strength See on the daily bar chart for the March Aussie dollar futures that prices are in a fledgling uptrend, have just hit a five-week high and have seen a bullish upside “breakout” from a sideways trading range at lower price levels. The bulls have gained good upside technical momentum recently. A move above chart...

Continue Reading

Markets Still Digesting Hawkish FOMC Statement

* Latest Market Developments * The market place is still digesting Wednesday afternoon’s FOMC statement that was deemed surprisingly hawkish on U.S. monetary policy. The Fed ended its monthly bond-buying program (quantitative easing), which was expected. However, the FOMC statement emphasized the improving U.S. economy, which led many to believe U.S. interest rates will be raised in 2015....

Continue Reading

U.S. Treasuries Bulls are Fading

December U.S. T-Bonds closed down 10/32 at 141 7/32 today. Prices closed nearer the session high after hitting a three-week low early on today. The bulls have faded but still have the slight overall near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 even. The next upside technical objective for...

Continue Reading

A Look At Grains This Week

A Look At Grains This Week

The week started with the weekly crop-progress report, a gauge of supply.  Corn condition came in at 74% good to excellent condition unchanged on the week. Harvest was pegged at 46% complete.  The ten-year average is 64%.  Early indications suggest farmers will store three-quarters of this year’s crop.  Soybean condition came in at 74% good to excellent condition, up one percentage point on...

Continue Reading

December Live Cattle Futures: Trading Idea October 29, 2014

Consider Buying a Put Option on December Live Cattle Futures See on the daily bar chart for December live cattle futures that recent price action at higher levels has been volatile. This is a warning signal of a topping process. This is also a very mature bull market run in cattle futures. Consider buying a put option on December live cattle futures, with a downside price objective of...

Continue Reading

Markets Pausing Ahead of FOMC Statement Wed. PM

* Latest Market Developments * Markets were generally quieter in overnight trading, as traders and investors await the results of the latest Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve. The meeting began Tuesday morning and ends Wednesday afternoon with a statement. As usual, the statement will be very closely scrutinized by the market place. Most believe the Fed...

Continue Reading

Softs Markets Bears Gain Technical Strength

SOFTS: March sugar closed up 10 points at 16.13 cents today. Prices closed nearer the session high on tepid short covering. Sugar bears still have the firm overall near-term technical advantage. Bulls' next upside price breakout objective is to push and close prices above solid technical resistance at 16.75 cents. Bears' next downside price breakout objective is to push and close prices...

Continue Reading

March ICE Futures: Trading Idea October 28, 2014

March Cotton Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March cotton futures that price action recently has been choppy and sideways, and in a narrow range. This pause after the recent downtrend is not bullish. A move in prices below solid chart support at last week’s low of 61.35 cents would give the bears fresh downside technical momentum and it...

Continue Reading

FOMC Meeting Gets Under Way Tuesday

* Latest Market Developments * Traders and investors have more of a “risk-on” collective attitude Tuesday. U.S. stock indexes are higher, while the safe-haven U.S. Treasuries and gold are weaker. Focus of the market place is on the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve’s regular meeting that begins on Tuesday and ends Wednesday afternoon. As usual, the Wednesday...

Continue Reading

Grain Market Bulls are Waking Up

GRAINS: December corn futures closed up 10 cents at $3.63 today. Prices closed near the session high and closed at a fresh two-month high close today. The corn bulls have made good progress recently to suggest a “harvest low” is in place. Today’s upside price action right in the middle of good harvesting weather was especially impressive from a bulls’ point of view. Prices are in a...

Continue Reading

December Corn Futures: Trading Idea October 27, 2014

December Corn Futures a Buying Opportunity on More Price Strength See on the daily bar chart for December corn futures that prices are still in a three-week-old uptrend and last week hit a seven-week high. A move above resistance at $3.60 would give the bulls some fresh upside momentum and it would also become a buying opportunity. The upside price objective would be $4.00, or above....

Continue Reading

COT Data Shows Soybean Rally Out Of Gas

COT Data Shows Soybean Rally Out Of Gas

We had a very quiet summer trading the grain markets. One early short trade in the wheat did not make this summer’s sell off exceptionally profitable to our trading. Further compounding things was the fact that the slow grind of the summer’s sell-off was simply too orderly to create enough volatility to establish a position pre-reports. The recent harvest rally appears to be changing the...

Continue Reading

S&P 500 Correction: Is That All There Is?

S&P 500 Correction: Is That All There Is?

One of the great jazz singers of the last century, Peggy Lee, recorded a song about the disappointments of life entitled “Is that all there is?”“If that's all there is,” she sang, “then let's keep dancing, let's break out the booze and have a ball.”After the mini-correction in the long bull market in the S&P 500, the bears must be asking themselves the same question. Is that all there...

Continue Reading

Markets Focusing on Upcoming FOMC Meeting

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The much-anticipated stress test results on European Union financial institutions were released over the weekend. While there were some EU banks that failed the tests, overall the results were not deemed threatening to the EU financial system. There was another downbeat economic report coming out of the EU Monday, as Germany’s Ifo...

Continue Reading

December Euro Currency Futures: Trading Idea October 24, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Euro currency that prices have backed off this week and the bears have gained fresh downside momentum. A move in prices below chart support at 1.2600 would become a selling opportunity. The downside price objective would be 1.2200 or below. Technical resistance, for which...

Continue Reading
    1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.