Futures Day Trading Signals (Thursday June 1, 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 1/4 …
Coffee: A Bitter Cup?
Yesterday’s post suggested a potential bottom was in place marking the low of an ending diagonal C wave. As discussed, the critical level to hold was marked at 129.50. The risk reward projection was estimated at a lofty 9 to 1 ratio. However, today’s action has closed below the critical level. Discipline must prevail. At this point structure needs to be …
Bears slapped Grains?
Aug gold- late add so I put on this page from mid morning. I think once thie US dollar starts sloshing, like today down 3% it may unleash markets we have not seen in decades. Macro speaking bu don’t rush to sell Bonds as crosscurrents too many to list. Gold now has to get over this 1288 black …
Soybean Complex Early Week Selling Pressure
Soybeans Early week action sees further declines as anticipated. Only thing of note is that the July Soybeans has entered into the first support zone as stated in earlier post( 910-900). This zone is an intersection of down sloping channel lines. It is difficult to recommend a long position at these levels , however, a technical rebound could play …
Livestock Levels
Live Cattle The August Live Cattle tested support at the 50 DMA (118.375) on Tuesday, May 30, 2017, trading to the low for the day at 117.95. It found support here, and spent the rest of the day grinding higher, reaching its high (120.10) at the end of the trading session. This is just under resistance at the 8 DMA …
Windy City Jim’s – Daily Trade Recommendations (05/30/17)
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
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 …
End of Week Soybean Complex Wave Analysis
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
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 …
US Corn Wave Analysis and Trade Setups
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. …