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Softs Commentaries

Showing Posts 1 - 15 out of 26 found.

March ICE Sugar Futures: Trading Idea December 18, 2014

March Sugar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March sugar futures that prices have sold off recently, a downtrend is in place and prices have just hit a contract low. Bears have solid downside technical momentum to suggest more downside price pressure coming. A move below chart support at Wednesday’s contract low of 14.62 cents would become...

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March Soybean Futures: Trading Idea December 16, 2014

March Soybean Futures a Buying Opportunity on More Price Strength See on the daily bar chart for March soybean futures that prices have seen choppy and sideways price action recently, but the bulls are showing resilience in the face of bearish “outside market” forces. The soybean bulls would gain fresh upside technical momentum to suggest a price uptrend can be re-established if prices push...

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February Lean Hog Futures: Trading Idea December 11, 2014

February Lean Hog Futures a “Swing Trading” Buying Opportunity on Fresh Price Strength See on the daily bar chart for February lean hog futures that prices have moved down into the bottom region of the recent choppy and sideways trading range. If prices can push above resistance at $86.00 the bulls would regain some upside momentum and it would also become a “swing-trading” buying...

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March Cocoa Futures Futures: Trading Idea December 10, 2014

March Cocoa Futures a Buying Opportunity on More Price Strength See on the daily bar chart for March ICE cocoa futures that prices this week hit a six-week high, a downtrend line has been negated, and a fledgling uptrend line is now in place. The bulls have gained upside near-term technical momentum. A move above resistance at Wednesday’s high of $2,960 would become a buying opportunity....

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March Orange Juice Futures: Trading Idea December 5, 2014

March Orange Juice Futures a Buying Opportunity on More Price Strength See on the daily bar chart for March frozen concentrated orange juice futures (FCOJ) that prices have paused after a strong push higher recently. This pause is not bearish and suggests the bulls are just storing up energy for another move higher soon. A move in prices above the November high of $1.5045 would give the...

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Livestock Futrues Bulls Are Fading

LIVESTOCK: February live cattle closed down $0.15 at 166.92 today. Prices closed nearer the session low and closed at a four-week low close today. Bulls are fading. Another down day on Friday and the three-month-old uptrend on the daily bar chart would likely be negated. But right now the cattle market bulls still have the overall near-term technical advantage. Bulls’ next upside price...

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March Corn Futures: Trading Idea December 3, 2014

March Corn Futures a Buying Opportunity on Fresh Price Strength The resilience of the corn market, in the face of bearish “outside market” forces (plunging crude oil prices and a strong U.S. dollar) has been very impressive. This suggests the bulls have underlying power. A move in March corn prices above chart resistance at $3.94 1/4 would give the bulls fresh upside momentum and it would...

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March ICE Cocoa Futures: Trading Idea December 2, 2014

March ICE Cocoa Futures a Selling Opportunity on Fresh Price Weakness See on the daily bar chart for March cocoa futures that prices are still in a downtrend and have seen a corrective bounce recently. The bears are in still in technical control. A move in prices below chart support at $2,825 would give the bears fresh downside momentum and it would also become a selling opportunity. The...

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Livestock Futures Bulls are Fading

LIVESTOCK: February live cattle closed down $2.30 at 169.85 today. Prices closed nearer the session low and saw heavy profit taking after hitting a contract high last week. Bulls still have the near-term technical advantage but faded today and need to show fresh power soon. Prices are still in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to push and...

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March Coffee Futures: Trading Idea November 24, 2014

March ICE Coffee Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March coffee futures that price action has been choppy and sideways recently. A move below solid chart support at the November low of 1.8540 would give the bears fresh downside momentum, to suggest a price downtrend in the near term. Such would also become a selling opportunity. The downside...

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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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