Windy City Jim’s – Daily Trade Recommendations (05/30/17)

Jim Walters General Commentary Leave a Comment

Futures Day Trading Signals (Wednesday May 31, 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 1/2 …

Coffee is for Closers

John Lunney General Commentary Leave a Comment

     Weekly wave structure appears to be in final stages of a b wave triangle. Daily structure confirms this setup as it points to the completion of an ending wave c diagonal coinciding with multi timeframe divergence in momentum. A fortification of 134.2 in the ensuing two day turns month positive. A hold above in the month of June engulfs May’s candle. Next level …

Soybeans auto-pilot sliding, $907 hiding.

Alan Palmer Energy, Grains, Stocks Leave a Comment

Good Day Trading community Macro- soybeans making multi year lows.  Farmers long and this is going to make people think into qtr end 2 17′ as clear skies mean planting.  What crop never got planted? They all did. SN- $9.07 could provide some interesting action.  It’s a buy 1st time down, maybe tonight.  Fundamentals bearish. How to read charts- Under …

End of Week Soybean Complex Wave Analysis

John Lunney General Commentary Leave a Comment

Soybeans      Yesterdays post suggested that the weekly candle in place should have a propensity to close at or near the lows. Also indicated in the report was a probability that the weeks average 14 period range measurement (28) would increase. This scenario did indeed play out as Friday’s action saw continued selling pressure driving the price of the July contract to the mid 920.0’s. …

Markets move higher….just barely

John Weyer General Commentary Leave a Comment

Just a little bit Headed in to the holiday weekend, equity markets moved higher as if they were moving through Jell-O. Most of the day was spent in sideways back and and forth fashion. The S&P 500 closed up half a point, and the Dow went out 3 points higher than Thursday. That was seven straight higher closes for the …

Weekly Gold Report

Sean Lusk Precious Metals Leave a Comment

I suppose if you were to describe gold’s performance this week resilience would come to mind. Despite the fact that the S&P and Nasdaq made new all time highs this week, gold continues to benefit from fund ands speculative bidding on dips. With the continued push higher above $1260.0 an ounce this week, technicians noticed that the 50 day day moving …

Ag Commentary

John Walsh Grains Leave a Comment

The soy complex came under slow steady pressure today. There is a lot going on to consider. The weather domestically is important, but it is early still for the bean crop. The question now is will the corn situation worsen ? Will corn acres be left unplanted due to insurance. The guess is a modest amount of bean acres will be …

US Corn Wave Analysis and Trade Setups

John Lunney General Commentary Leave a Comment

  Corn Outlook       Longer term wave structure lays out a reasonable scenario to follow. All directional analysis designed to develop a strategy are intended to define risk and maximize profits to achieve a favorable rate on investment (risk vs reward). No recommendations are made without these criteria. As it appears now studies suggest we could be entering another leg lower. …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The August Live Cattle contract opened (120.45) higher on Thursday, May 25, 2017, and then traded down to the lows for the day at 119.375. It found support here, just above the Wednesday low (118.65) and took off trading to a new high (121.50) at the end of the trading session. The rally took price to the 121.45 …

July Corn Wave Breakdown 5/25

John Lunney General Commentary Leave a Comment

Corn          An apparent b wave triangle formation exist in weekly timeframe. This pattern is a smaller structure in a larger ending diagonal in the final wave of completion. If this is the case, then the recent rejection off 380 should be followed by a violation of 364. In the event that this unfolds further weakness should ensue. These patterns can be a bit sloppy …