Absolute Momentum Strategy – Weekly Snapshot

William ReavisAsset Management, Energy, General Commentary, Grains, Precious Metals

Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, March 17th, 2017 = $895.90 LAST WEEK IN TRADING Long Term Commodity Trader Long May Cotton was entered at 79.13 on 3/2/17. Net Profit/ Loss is …

Livestock Levels

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle April Live Cattle gap opened higher on Thursday March 16, 2017 and except for one minor attempt to close the gap (during the first hour of trading) never looked back. It took out trendline resistance (118.70) and the March 1st high at 118.95, making a new high for the move at 119.50. Live Cattle has the January 20 …

Agricultural Outlook

John WalshGrains

The soy complex is bouncing a moderate amount today. This was due after the most recent break. The fundamentals remain long term bearish. The south American weather is condusive to harvest. The next question will be how many more bean acres? The answer most likely will be alot. Any further rallies are opportunities to sell for both the hedger and …

Currency comment 3/16

Steve CaldwellGeneral Commentary

A quiet session Thursday in currencies after the fireworks we saw after the Fed interest rate increase on Wednesday.  The dollar a little lower, foreign currencies a little higher.  The bond market was soft.  Trading volume was moderate. Now that the question of rate increases has been answered for the time being, traders will look to economic reports in the …

Windy City Jim

Windy City Jim – Daily Trades (3.16.17)

Jim WaltersGeneral Commentary, Grains, Livestock, Precious Metals

Futures Day Trading Signals (Thursday March 16th, 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 : May Wheat Previous Closing Price : …

Live Cattle

Ben DiCostanzoGeneral Commentary, Livestock

April Live Cattle shook off Tuesday’s weak close with a rally right from the opening of Wednesday’s trading session. Anticipating a strong fedcattleexchange auction, traders followed last Wednesday’s script and rallied price into the 10 AM CT auction. This week, however, the auction didn’t disappoint as buyers were aggressive in their pursuit of cattle. Cattle auctioned from Texas traded from …

South America Grain Weather Update

walshtradingWeather

For the latest South American Grain Weather Update, CLICK HERE. For those interested, Walsh Trading hosts a FREE Grain Outlook Webinar each Thursday at 3PM CST. We will hold our next webinar on Thursday, March 16th. REGISTER NOW. If you missed last week’s webinar, you may VIEW A RECORDING.

Walsh Daily Grain Report

Sean LuskGeneral Commentary

Despite a dead cat bounce in beans overnight that took the May futures up to 1007.6, the rally was short lived as funds remain in liquidation mode on rallies. Beans settles slightly lower with the second consecutive daily close below the 10.00 threshold but above key support at 9.92. In the last eleven trading sessions spot beans have fallen over …

Currency comment 3/15

Steve CaldwellGeneral Commentary

The Fedral Reserve raised interest rates by a quarter percent on Wednesday.  This move has been expected for weeks and the Fed did not disappoint.  On the news the dollar fell; foreign currencies and gold rallied strongly. Traders are now of the opinion that there will be one or at most two additional interest rate increases for the remainder of …

Livestock Levels

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle April Live Cattle broke down from Monday’s low (117.575) on Tuesday, March 14, 2017. Live Cattle attempted to rally at the open reaching the high of the day at 118.00 before breaking down and testing support down at the 8 DMA (116.25). It made its early low at 116.225 and then grinded higher and tested the 117.825 resistance …