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Futures/Commodities Commentaries

Showing Posts 1 - 15 out of 170 found.

December Canadian Dollar Futures: Trading Idea October 21, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Canadian dollar futures that prices are in a solid downtrend and have recently hit a contract low. The bears have the firm near-term technical advantage. A move in prices below chart support at Tuesday’s low of .8840 would become a selling opportunity. The downside price...

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Risk Appetite Slowly Returning to Market Place Tuesday

* Latest Market Developments * OVERNIGHT DEVELOPMENTS There is a bit more risk appetite in the market place Tuesday morning. Apple’s corporate earnings late Monday handily beat the street’s forecast. Meantime, China on Tuesday reported its third-quarter gross domestic product grew by 7.3%, on an annual basis. That figure was slightly better than market expectations but was still the slowest...

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U.S. Treasuries Bulls Still in Technical Control

December U.S. T-Bonds closed up 8/32 at 143 5/32 today. Prices closed nearer the session high. U.S. Treasuries will garner more safe-haven demand if trader and investor anxiety increases. The bulls still have the near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 16/32. The next upside...

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December SRW Wheat Futures: Trading Idea October 20, 2014

December SRW Wheat Futures a Buying Opportunity on More Price Strength See on the daily bar chart for December soft red winter wheat that prices have made a decent rebound from the September low and prices are in a three-week-old uptrend. The bulls have gained some near-term technical momentum and would gain more by pushing prices above chart resistance at last week’s high of $5.22 1/4....

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Market Place a Bit Calmer Monday Morning

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The market place is calmer to start the new trading week, after a weekend that saw no significant events to further stoke trader and investor worries. U.S. stock indexes have weakened a bit following very disappointing earnings from IBM that were just released. U.S. Treasury prices are modestly lower, to suggest just a bit more risk...

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Australian Dollar Futures: Trading Idea October 17, 2014

Australian dollar futures a selling opportunity on fresh price weakness. See on the daily bar chart for the December Australian dollar futures that prices have seen a recent choppy pause following a downtrend. This pause is not bullish and suggests the bears are storing up power for a new leg down in prices. A move below solid chart support at the recent low of .8598 would give the bears...

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Crude Oil Bears in Full Command

ENERGIES: November Nymex crude oil closed up $0.87 at $82.64 today. Prices closed near mid-range on short covering after hitting another more-than-two-year low of $79.78 early on today. The bears still have the solid near-term technical advantage. The next near-term upside price breakout objective for the crude oil bulls is producing a close above solid chart resistance at $86.00 a barrel....

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Less Risk Aversion Friday Morning...So Far

*OVERNIGHT DEVELOPMENTS* The market place so far Friday morning is reflecting at least a temporary decrease in trader and investor anxiety. World stock markets are seeing relief rallies after strong selling pressure seen for much of this week. U.S. stock indexes by the close Thursday recovered from strong losses seen earlier in the day, due in part to comments from Federal Reserve Bank of...

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December Corn Futures: Trading Idea October 16, 2014

December corn futures a buying opportunity on more price strength. See on the daily bar chart for December corn futures that prices have made a good rebound from the recent contract low and the bulls have gained some upside technical momentum. A fledgling price uptrend is in place. A move above technical resistance at this week’s high of $3.57 1/2 would give the bulls better upside momentum...

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E-Mini Trade: Get Ready For Another Round Of Volatility

E-Mini Trade: Get Ready For Another Round Of Volatility

If you chose to read this commentary today, I have a feeling you are a survivor of the events of the last few days.  Your portfolio may have taken a hit, but you are probably still standing in upright stable position. Congratulations to you. Now get ready for another round of volatility. If you have been paying attention to the markets and the surrounding news I’m guessing you caught some...

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4 Key Trading Lessons From The Beach

4 Key Trading Lessons From The Beach

Winter is approaching so I had to make sure to enjoy one more beach day. Hard to do in Nashville, TN though. That being said, we took a short, eight-hour drive to Panama City to visit my girlfriend’s family and, of course, get some serious beach time in.  You might think it’s a stretch to relate snorkeling to trading. Well, only one way to find out. #1 Gear: When trading, you do have to...

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Thursday Could Be the Most Important Trading Day of 2014

* Latest Market Developments * OVERNIGHT DEVELOPMENTS There continues to be major risk aversion in the world market place Thursday.  Stock markets are selling off further and the U.S. Treasury market has seen bond and note yields plunge amid safe-haven moves by investors. Key questions now are: when will the rout in the stock markets end, and will the present fear in the market place turn...

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U.S. Treasury Prices Soaring on Safe-Haven Demand

December U.S. T-Bonds closed up 1 8/32 at 143 30/32 today. Prices closed nearer the session low but soared to another contract high early on today. At one point today T-bond prices were over five full points higher. However, the low-range close today produced a bearish buying exhaustion tail, which does hint the bulls today ran out of gas on the upside. Still, U.S. Treasuries will garner...

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December British Pound Futures: Trading Idea October 15, 2014

December British Pound Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December British pound futures that prices remain in a solid downtrend and on Wednesday hit another contract low. The bears remain in firm technical control. A move below chart support at Wednesday’s low of 1.5868 would become a selling opportunity. The downside price objective...

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Commodity Outlook: Grain Thoughts

Commodity Outlook: Grain Thoughts

I will cover supply side fundamentals first with Monday’s crop progress report.  Corn harvest was 24% complete down from the five-year average of 43%.  Crop condition came in unchanged at 74% good to excellent condition.  Soybeans harvested were 40% versus the five-year average of 53% and condition at 73% good to excellent unchanged on the week.  The crop is far enough along that we do not...

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