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Softs Commentaries

Showing Posts 1 - 15 out of 21 found.

January Soybean Futures: Trading Idea November 20, 2014

January Soybean Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for January soybeans that prices have backed well down from the recent high, including negating a near-term price uptrend. A move in prices below major psychological support at $10.00 would give the bears better downside momentum and it would also become a selling opportunity. The downside price...

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February Lean Hog Futures: Trading Idea November 18, 2014

February Lean Hog Futures a Buying Opportunity on More Price Strength See on the daily bar chart for February lean hog futures that prices are in a steep short-term uptrend and have just hit a five-week high. The bulls have upside technical momentum. A move above resistance at Monday’s high of $93.12 would become a buying opportunity. The upside price objective would be $100.00 or above....

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March ICE Cotton Futures: Trading Idea November 17, 2014

March ICE Cotton Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March cotton futures that prices last Thursday hit a contract low and have also seen a bearish downside “breakout” from a sideways trading range at lower price levels. This suggests more downside to come. A move in prices below solid chart support at Thursday’s contract low of 58.57 cents...

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March ICE Coffee Futures: Trading Idea November 14, 2014

March ICE Coffee Futures a Selling Opportunity on Fresh Price Weakness See on the daily bar chart for March coffee futures that prices are presently seeing a corrective bounce but remain in a downtrend. A move in prices below solid chart support at the November low of 1.8540 would give the bears fresh downside momentum and it would also become a selling opportunity. The downside price...

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Soft Commodity Market Action Favors the Bears

SOFTS: March sugar closed down 35 points at 16.01 cents today. Prices closed nearer the session low. The slumping crude oil market that hit a three-year low today was a bearish factor for sugar. Sugar bears have the firm overall near-term technical advantage. However, a bullish double-bottom reversal pattern may still be forming on the daily bar chart. Bulls' next upside price breakout...

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Live Cattle Bulls Again Proving Resilient

LIVESTOCK: December live cattle closed up $0.05 at 167.17 today. Prices closed near mid-range today. Bulls have the near-term technical advantage as prices are not far below the recent contract high. Bulls’ next upside price objective is to push and close prices above solid resistance at the contract high of $170.00. The next downside technical breakout objective for the bears is pushing and...

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March Cocoa Futures: Trading Idea November 11, 2014

March Cocoa Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March ICE cocoa futures that prices are in a solid downtrend. The recent pause is not bullish. Bears are still in technical command. A move below chart support at the November low of $2,853 would become a selling opportunity. The downside price objective would be $2,650 or below. Technical...

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March ICE Cotton Futures: Trading Idea November 6, 2014

March ICE Cotton Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March cotton futures that prices have moved down toward the lower boundary of a sideways trading range.  A move below support at the bottom of the range, which is located at 61.35 cents, would give the bears fresh downside technical momentum, could be the beginning of a bearish downside...

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Softs Markets Bears Gain Technical Strength

SOFTS: March sugar closed down 17 points at 15.51 cents today. Prices closed near the session low and hit a fresh contract low today. The surging U.S. dollar index is bearish for sugar. Sugar bears have the solid overall near-term technical advantage and have gained downside momentum this week. Bulls' next upside price breakout objective is to push and close prices above solid technical...

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February Lean Hog Futures: Trading Idea November 5, 2014

February Lean Hog Futures a “Swing-Trading” Buying Opportunity on More Price Strength See on the daily bar chart for February lean hog futures that prices have rebounded from a strong support area and appear headed back to the top of the well-defined, recent trading range. This is a swing-trading buying opportunity. A move above chart resistance at Tuesday’s high of $89.65 would give the...

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Cattle Futures Bulls are Still Snorting

LIVESTOCK: December live cattle closed down $0.30 at 166.77 today. Prices closed near mid-range today. Bulls still have the solid near-term technical advantage. Prices are in a 10-week-old uptrend on the daily bar chart, but now just barely. Bulls’ next upside price objective is to push and close prices above solid resistance at the contract high of $170.00. The next downside technical...

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March ICE Cocoa Futures: Trading Idea October 31, 2014

March ICE Cocoa Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March cocoa futures that prices are in a downtrend and have just hit a six-month low. The bears are in firm technical control. A move in prices below solid technical support at $2,889 would become a selling opportunity. The downside price objective would be $2,650 or below. Technical...

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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...

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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...

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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...

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