Below you'll find a list of all posts from May, 2017
A complex correction is currently in progress. Structural setup would indicate further losses. Minor underneath support comes in at +/- 302.0. A recovery from this level is plausible. Subset wave pattern could produce gains which reach for 333.0 level. It should be clearly stated that an unraveling could be in the cards. First major target rest at +/- 270.0. If W-Y-Z breakdown would to extend …
The soy complex along with the products broke a bit today. The market is hesitant to be aggressive inter day with sales. This is due to the month and the net short position. The fundamental picture remains bearish with plenty of supply. Without a weather problem this will catch up with the price. We are currently priced high from a …
I’m just posting charts with names of markets. I cover for clients, and then some just for the sake of solving trading secrets and maybe make you, and me some money. I hope you like the research. Dow Jones futures- Many of the components of the dow futures index have hit major upside targets hit a while back in Feb, …
TUESDAY MIDDAY RADAR – The Tuesday AM radar shows heavy rains / storms over far se MS, all of central & south AL, most of GA, western SC, much of central north NC and VA. There was a band of moderate rain over central MO into central ILL… and scattered showers over 30-40% of north WI, south MN, se KS into …
MONDAY AFTERNOON RADAR – The Monday afternoon radar shows heavy showers and storms over far southeastern Texas, all Louisiana into western Mississippi. There is additional moderate rain showers and a few weak storms over central and northeastern Kansas… into northwestern Missouri and far west central Illinois. An area of moderate rain and showers can be found over eastern Wyoming, western & central …
Live Cattle The August Live Cattle contract rallied on Monday, May 22, 2017, trading to the high of the day at 123.15, this just below resistance at the 21 DMA (123.575) and the 38.2% resistance level (123.99) of the downmove from the May 4th high (134.55) to the May 18th low (117.475). It fell back from here and ended the …
Gold futures grinded higher throughout the session as geo-political issues regarding the Trump administration and North Korea again have investors re-emerging on the long side of the market. June Gold futures pushed above the 1260 level to settle at 1261.40, up $7.80 for the session. July silver futures saw huge gains gaining just shy of .40 cents to settle above 17.00 …
The U.S. dollar closed slightly lower on Monday while the Euro FX closed higher. U.S. equity indices were again higher. Gold continued its price recovery begun two weeks ago. Crude oil was also higher in a move that started about ten days ago. Over the last six weeks the U.S. dollar has declined by about 350 points; over the same …
Futures Day Trading Signals (Tuesday May 23, 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 : 436 1/2 …
In my opinion GOLD- Short term sell level just hit late 1262.40. This is live now, reversed down. I like less than $2 stop risk. This mkt could turn lower here for a trade. 1265-65.50 above, then over 1268.30 new buying should emerge technically. Public always seems to buy rallies. CRUDE OIL- see chart last week but resist above 51.42, …