Wowsabi: Japanese Yen Futures

John Lunney General Commentary Leave a Comment

March Japanese Yen         So far the Holiday season has been extremely dreary for Japanese Yen longs. The high of .90730 on November 27th has given up more than 60% measured from the months early lows. The daily candle formation appears to be that of an inverted hanging man which has bullish implications. To trigger the setup …

Ag Commentary

John Walsh Grains Leave a Comment

The beans and meal again came under pressure. The weather was predicted to remain Hot and Dry in South America going home on Friday. Today that has changed and the market sold off. The fundamentals are bearish. there is little room for argument in my opinion. However the funds are long beans and meal and will want to stay if …

Ag Commentary

John Walsh Grains Leave a Comment

The beans took another beating today along with the meal. The weather in South America offered a bit more chances for moisture. There remains some long term questions regarding the dryness. The export sales remain disappointing and are well behind a year ago. This will add carryover most likely in the next report. The technical outlook now offers support and will until the …

Notes and Bonds Await Employment and Consumer Confidence Numbers

James Barrett General Commentary Leave a Comment

Data due tomorrow is holding up the trading volume today as the long end of the treasury market remains within the bounds  of  the recent  trading range . The claims number fell to 5 week lows and ADP estimate was 190,000 jobs created nationwide. All things considering it’s a pretty good performance  by economy .The more important data points arrive …

See a Penny Pick It Up: March Copper Futures

John Lunney General Commentary Leave a Comment

March Copper      The copper market has given up a bit of its gains over the last month and a half. The advance commencing from early 2016 appears to be rising in an a-b-c pattern. The highs before Halloween peaked out at the 50% retracement level from the extremes of early 2011. I believe that currently we are just …

Ag Commentary

John Walsh Grains Leave a Comment

The markets broke today sharply because stats Canada released the crop estimates. The Canola crop was upped considerably. In addition a few more specs of rain are predicted. The longer term will still remain dry at least at present. The funds bought meal going home and drove it back up towards unchanged. The South American crop is important and a …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract tested the 123.125 resistance level early in the trading session on Tuesday morning, trading to the session high at 122.625. It broke down from here trading through support at 121.20 and 120.50 on its way to the session low at 119.575. This is just above the 119.15 support level. It formed an outside …