Market alert! – Long March Wheat approaching median line target objective!

TMV Swing Trade report – Long March Wheat from $6.58 – Wheat prices surged out of the bullish reaction swing and are quickly approaching the the target objective where the upward sloping median line intersects the down sloping reaction line. I look for the market to pause at this level and possibly pullback. Therefore, I [...]

Market Alert! – Time to exit short March Coffee.

TMV Swing Trade report – Short from  216.70 – Coffee traded through the 217.00 support, but appears to have found new support at 215.00. I was only looking for a short-term price swing in Coffee and I think it may have already given it to us. It time to exit the short position and post [...]

Crude Oil Advances as Fed Commits to Low Rates, Durable Goods Orders Gain

Oil is trading higher for a second day after the Federal Reserve announced it plans to keep U.S.interest rates near a record low through 2014 and as a report showed durable goods orders in the world’s biggest crude-consuming country increased. Futures advanced above $100 a barrel after Fed Chairman Ben S. Bernanke said yesterday that policy makers are considering more [...]

Wheat Climbs to Three-Week High as Russia May Slow Shipments on Low Supply

Wheat advanced to a three-week high in Chicago as Russia may slow shipments of the grain with supplies for exports down. Corn and soybeans gained. Wheat stockpiles held by farmers in Russia’s main exporting regions in the south have dropped below last year’s levels, declining as much as 50 percent in some areas, SovEcon, a Moscow-based agricultural [...]

Commodities – Record U.S. Beef Sales Seen as Japan Reviews Curbs on Cattle

February Cattle are currently trading 120 higher @ 125.77 U.S. farmers, poised to ship record beef cargoes for a second straight year, may get a further boost as Japan, once their biggest overseas customer, considers easing trade curbs imposed after an outbreak of mad-cow disease. Sales to Japan may jump 43 percent to 202,100 metric tons, [...]

Swing Trade market alert. – Short March Coffee has reached target objective!

TMV Swing Trade report – Short March Coffee from 223.10 – Coffee broke support and traded sharply lower into the downward sloping median line (basis the 60-minute chart). I look fro the market to bounce off the median line and offer a second selling opportunity. Therefore, I recommend covering the current short position at 219.25 [...]