Windy City Jim’s – Daily Trade Recommendations (05/24/17)

Jim WaltersGeneral Commentary

Futures Day Trading Signals (Thursday May 25, 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 : 432 1/4 …

Livestock Report

Ben DiCostanzoGeneral Commentary

Live Cattle The August Live Cattle contract rallied at the open but couldn’t stay above the descending 8 DMA (122.20) on Tuesday, May 23, 2017, trading to the high of the day at 122.65, before breaking down and trading to the low of the day at 120.75. It spent the rest of the day consolidating between 122.50 and 121.00, settling …

Long Term Technical View Soybean Meal / Oil

John LunneyGeneral Commentary

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 …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

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 …

Currency comment 5/22

Steve CaldwellGeneral Commentary

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 …

Windy City Jim’s – Daily Trade Recommendations (05/22/17)

Jim WaltersGeneral Commentary, Grains, Livestock, Precious Metals

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 …

Gold 1262 live,

Alan PalmerEnergy, General Commentary, Grains, Precious Metals

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, …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The June Live Cattle contract opened at the Wednesday low (121.75) on Thursday May 18, 2017 trading to low of the day at 121.20, before grinding higher in choppy trade. It took out Wednesday’s high (123.45) and formed an outside day candle reaching a new high at 123.90. It stopped just above the 8 DMA at 123.775 and …

Market bounces back from biggest sell off of the year

John WeyerGeneral Commentary

Rebound The equity index markets had a nice recovery on Thursday, with the Dow and S&P 500 both closing higher on the day. The market looked like it was going to have some follow through from yesterdays big downward move. Dow futures traded down to 20,474 and spent most of the morning in negative territory. Things turned around mid day …