Gold prices fell this week but managed to hold and settle above the key 200 day moving average. Geo-political uncertainties were one of the reasons that prices didn’t slip much further along with a slightly weaker reading on first quarter GDP released this morning. While June gold posted modest losses of $20.80 for the week, Silver was the big loser posting …
Livestock Report
Live Cattle The June Live Cattle contract made another limit up move on Thursday, April 27, 2017, trading past and closing (121.525) just above resistance at the January 19th high (121.45). It also closed solidly above trendline resistance (119.20). This trendline now becomes support, and the trendline is moving downward so for Friday’s trade support will be at 119.125. Resistance …
Windy City Jim’s – Daily Trade Recommendations (4/27/17)
Futures Day Trading Signals (Thursday, April 24th, 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 : June Gold Previous Closing Price : 1265.40 …
Global Overview
Much going on the domestic and global front. The President laying out much new work related to taxes, Nafta, Etc. The growth prospects are improving slowly but surely. The markets have much to digest with each new administration. Currencies The dollar showing a bit of strength today. The trend has been up. Corrections to be expected. The corrections should be treated …
Livestock Report
Live Cattle The June Live Cattle contract made another new high on Wednesday, April 26, 2017, trading up limit before settling just below the limit move at 118.525. It traded and closed above the April 21st high (117.575) setting up a potential test of trendline resistance at 119.20. A break above the trendline could lead to a test of the …
Livestock Report
Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:40 PM Today’s Reported Sales Volume: None Today’s Estimated Sales Volume: None On Tuesday negotiated cash trade was inactive on light demand in all feeding regions. Tuesday afternoon boxed beef cutout values were firm to higher on moderate to fairly good demand and moderate to heavy offerings. Choice …
Markets surge for second consecutive day
The stock markets got off to a good start early this morning when the news hit that a border wall funding would not be tied to a bill to prevent a government shutdown. Those opposed to a wall would most likely oppose a bill that includes any funding for a wall. Opposition to the bill would have most likely brought …
Windy City Jim’s – Daily Trade Recommendations (4/24/17)
Futures Day Trading Signals (Monday, April 24th, 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 : June Gold Previous Closing Price : 1279.40 …
Global Overview
Currencies The dollar is in a corrective mode. Both flat price and relative to the commodity based currencies. The dollar strength has been significant over the last two years. Regardless of the rhetoric the trend is up. Patience however is required. The euro is showing strength. The trend has been down. The long term scenario for the currency seems rough. …
Equity markets rally on French election results
Concerns of a Frenchxit diminished a bit following the first round of elections in France. The results have given the markets a hint that France will have a centrist President, who will look to remain in the European Union. Emmanuel Macron is coming in as a favorite over nationalist Marine Le Pen in the second round of elections on May …