Soy Complex Wave Analysis 5.25

John Lunney General Commentary Leave a Comment

     Soybeans   A weak close going into final session of the weak. As discussed in previous posting, a bearish tone has been forecasted base on longer term wave structure. The weekly belt hold candle developing also suggest that Friday’s session closes at or near bottom of range. Weekly ATR of 30 has been achieved, however, It should be stated a rise of this indicator, current at lower end …

Equities hit new highs

John Weyer General Commentary Leave a Comment

Record Highs Strong day in the equities on Thursday as both the Nasdaq and S&P 500 put in new all time highs. The S&P 500 closed higher for the sixth session in a row, with the futures trading near 2413 on the close. The Dow futures were up almost 4% on the day, putting in a high of 21,095 before …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The August Live Cattle contract opened (120.925) lower on Tuesday, May 24, 2017, and then traded down to the lows for the day at 118.65 (almost a limit down move), as expectations for a lower cash trade on the fedcattleexchange.com auction took hold and were then realized.  Last week the auction saw sales between $133.75 and $135.75. This …

Soybean Update Wave Analysis 5-24

John Lunney General Commentary Leave a Comment

            Soybeans   Dominant timeframe structure remains bearish. Nearest downside support comes in at 925.0+-. Any follow thru targets 915-905. This area could produce a technical bounce. If so, a non-impulsive rally should play out and eventually give way to further weakness. Long term wave pattern suggest a downside objective to be fulfilled. Target zone extends to 825-750. A weekly close above 970 would suggest point to a modest advancement targeting +-1005.0. …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Gold prices traded slightly higher in afternoon trading despite finishing the day session lower by $2.40 to settle 1253.1 basis June futures. The FOMC minutes were released after the close and revealed no major hawkish surprises. Despite some chatter in the market about the Fed not raising rates in June, market participants seem passive as there is an assumption of a …

Windy City Jim’s – Daily Trade Recommendations (05/24/17)

Jim Walters General Commentary Leave a Comment

Futures Day Trading Signals (Thursday May 25, 2017) Author: Windy City Jim  312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Wheat Previous Closing Price : 432 1/4 …

Ag Commentary

John Walsh Grains Leave a Comment

The markets are marking time. The weather is a bit wet. The calendar is a bit early to get to concerned in beans. The fundamentals remain bearish if the planting is completed and a trend yield is achieved. The Global picture is changing a bit. The Chinese meal market is showing signs of sincere weakness. Crush margins are taking a …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Live Cattle The August Live Cattle contract rallied at the open but couldn’t stay above the descending 8 DMA (122.20) on Tuesday, May 23, 2017, trading to the high of the day at 122.65, before breaking down and trading to the low of the day at 120.75. It spent the rest of the day consolidating between 122.50 and 121.00, settling …