July Soybeans In Monday’s session prices managed to rise above weekly candle body high of 942.2 posting a shadow (wick) extreme to 947.4 inner resistance line touched upon in last posting. As suggested, level turns back advance as prices retreat to finish roughly unchanged for the day. For those of you who have followed along with any of …
Ag
The markets again traded both sides today. The oil share was the looser as beans and meal were close to unchanged. The weather has been very ideal of late. However for some reason commentaries are all focused on the what ifs. What if it turns hot and dry in july ? Till then it is almost ideal. Let the market rally …
Futures Day Trading Signals (Monday June 19, 2017)
Futures Day Trading Signals (Tuesday June 20, 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 Soybeans Previous Closing Price : 937 3/4 …
Daily Gold Report
August gold futures fell yet again Monday and below key moving averages including the 100 day and 200 day moving average. As stock indices continue to make new all time highs while the greenback slowly continues its post Fed meeting advance, investors are slowly being drawn away from traditional safe havens like gold and silver. A few weeks prior when …
Soybean Complex: Early Weekly Outlook
Soybeans Of most note in the July Soybeans is the weekly candle formation in place currently signifying a potential hanging man. Price holding below small candle body of 94.20-939.0 threatens to lean on contract. Could this be the commencement of the fifth wave I been looking for. Structure at the moment is unclear. First downside would …
Weekly Gold Report
Volatility cooled on Friday for both gold and silver as both traded sideways with spot contracts holding support levels into the weekend. Still, both metals contracts lost three percent for the week. It was a wild ride as both gold and silver traded significantly higher on Monday and Tuesday amid geo-political uncertainty and economic uneasiness. The gains quickly evaporated with both markets experiencing mid-week reversals …
Ag Commentary
The market wants so badly to believe in a bull market in the soy complex. Perhaps it plays out. It is important to note it is to early in the season to trade a drought in beans. In addition we have received ample rains. There is never a perfect growing season. However usually mother nature gives what is necessary. The …
Livestock Report
Live Cattle The August Live Cattle opened (117.75) below the 100 DMA (117.975) on Thursday, June 15, 2017 and dipped down to 117.10 before rallying to the high of the day at 118.50. It couldn’t hold onto the rally and the August contract fell to the low of the day at 116.975. Live Cattle recovered from here and ended the …
Soybean Complex: Two Outta Three Ain’t Bad
July Soybeans The soybean contract did not display the selling conviction I was calling for. This leaves me slightly perplexed. Todays early selling pressure fell short of hitting first support level of 920.0 and instead snapped back to finish at 934.6 with the high touching established trend line resistance at 938.4. A press above here (holding) looks to extend …
Thursday Macro wrapup, Oilshare etc.
Farmers and Traders, Speculators and day traders, Something for everyone so if your serious about trading let’s chat on how I can clean up some of your slop (slippage). The patterns my high end software that can help my customers detects consecutive patterns for a host of reasons. 1. Stay out of the way like meats on way up. 2. …