Live Cattle The June Live Cattle contract traded to the 61.8% retracement level (116.56) of the move from the January 19th high (121.45) to the April 5th low (108.675) on Tuesday, April 18, 2017. It peaked at 116.90 in the first 45 minutes of trading and then collapsed to the low of the day at 115.35 before spending the remainder …
Windy City Jim’s Trading Signals Tuesday April 18th, 2017
Futures Day Trading Signals (Wednesday, April 12th, 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 Wher Previous Closing Price : 437 Projected …
Disappointing earnings lead equities lower
The U.S. stock market followed the lead of European markets on Tuesday and headed lower. The move in Europe started after UK Prime Minister Theresa May surprised everyone by calling for early elections in June. The Prime Minister is looking for a unified front ahead of the Brexit process. The Pound surged as the US Dollar tumbled on the news. …
Daily Gold Report
Gold prices flirted with the 1300.0 level yet gain on Tuesday but buying interest waned into the close with the front month June contract settling at 1294.1. In fact it looked like Gold was set to turn over amid heavy profit taking as heavy fund selling dominated morning trading with one fund liquidating 22K contracts this morning. However a weaker …
Currency comment 4/18
The U.S. dollar fell moderately lower Tuesday in a continued corrective move. The euro fx and Swiss franc moved higher. The real star in fx markets today was the British pound. The pound moved strongly higher as traders reacted to the news that Prime Minister May has called for a snap election in the UK for June 8. This news surprised most …
Ag Commentary
The beans were weaker today. The weather is improving. The south American crop is coming in. The overall size of the production has been discussed. This will continue to overhang the market in the long run. Rallies are always possible but should be looked at as a opportunity. The Fund have apparently switched beans from long to short. The meal …
Absolute Momentum Strategy – Weekly Snapshot
Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, April 14th, 2017 = $8,733.75 LAST WEEK IN TRADING Long Term Commodity Trader click to enlarge Long June 30 Year Bond was entered at 152.14 on …
Currency comment 4/13
The currency markets were thrown into turmoil late Wednesday afternoon when President Trump said he thought the U.S. dollar was too strong. This sent the dollar much lower and foreign currencies higher. This movement continued on Thursday although the extent of the move was diminished. The effect was more extreme in the U.S. equity markets which moved strongly lower on …
Ag Commentary
The Easter Weekend arrives in time to give the markets a bit of a breather. The USDA report put a short term low in place. Why? Good question. Perhaps it is the time of year. Perhaps the market has bounced after the last few years, and this is a habit. Whatever the reason we cant fight the tape. Patience is …
Currency comment 4/11
The U.S. dollar fell moderately on Tuesday as foreign currencies rallied. It was normal profit taking after the recent strength in the dollar. The biggest currency action was the Japanese yen which moved up over 100 points on aggressive speculative buying. U.S. stocks fell while bonds saw a strong rally on “safe harbor” buying. The real stars on Tuesday were the …