Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The August Live Cattle gap opened (120.35) higher on Wednesday, May 31, 2017, reversed lower and closed the gap (yesterday’s high 120.10) trading to the low for the day at 119.875, then rallied the rest of the day. It reached the high at the end of the trading session, trading up to 121.90. The fedcattleechange auction, which is …

Soybean Complex Early Week Action (a closer look)

John Lunney General Commentary Leave a Comment

    Soybeans         Now that July soybeans has reached the first support zone, as discussed in earlier posts. It is prudent to examine the smaller time frames to look for clues to the upcoming price action. There appears to be a potential forth wave triangle developing (subset wave). A failure to breach 919.2 would result in another wave lower to complete …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Gold continued its ascent Tuesday posting solid gains to end the month. Gold has finished lower for the month of May the last five years but today’s rally broke that streak showing modest gains month on month of just over $3.00. What is more impressive is that gold has rallied over $57.00 since making a monthly low of 1214.3 on May …

Windy City Jim’s – Daily Trade Recommendations (05/31/17)

Jim Walters General Commentary, Grains, Livestock, Precious Metals Leave a Comment

Futures Day Trading Signals (Thursday June 1, 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 : 429 1/4 …

Ag Commentary

John Walsh Grains Leave a Comment

Quiet day overall. The markets settled either side of unchanged. We have pushed to lows not seen in approx. one year. To break through may need to take some more bearish news. Although the weather looks fairly decent. The talk in the arena is that 1-1.5 million corn acres are due for replant or switching. In addition the Chinese market, especially …

Coffee: A Bitter Cup?

John Lunney General Commentary Leave a Comment

Yesterday’s post suggested a potential bottom was in place marking the low of an ending diagonal C wave. As discussed, the critical level to hold was marked at 129.50. The risk reward projection was estimated at a lofty 9 to 1 ratio. However, today’s action has closed below the critical level. Discipline must prevail. At this point structure needs to be …

Tuesday Late Evening Weather Update

walshtrading Weather Leave a Comment

RADAR LINK – The late Tuesday afternoon radar shows not a lot of activity over all the Plains and the Midwest.  There are some moderate rain showers over northeast MN … and  scattered very light activity over 20 to 30% of eastern KS, northern MO, northwest ILL and eastern WI.  Somewhat more concentrated showers and storms can be found over 50% …

Soybean Complex Early Week Selling Pressure

John Lunney General Commentary Leave a Comment

  Soybeans         Early week action sees further declines as anticipated. Only thing of note is that the July Soybeans has entered into the first support zone as stated in earlier post( 910-900). This zone is an intersection of down sloping channel lines. It is difficult to recommend a long position at these levels , however, a technical rebound could play …

Livestock Levels

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The August Live Cattle tested support at the 50 DMA (118.375) on Tuesday, May 30, 2017, trading to the low for the day at 117.95. It found support here, and spent the rest of the day grinding higher, reaching its high (120.10) at the end of the trading session. This is just under resistance at the 8 DMA …