Reaction dates for the week of May 20 through May 27.
Posted on Friday, May 17th, 2013 at 1:47 pm by John in Trading News
Monday – Live Cattle, Soy meal, Silver, Gold, Dollar index,
British pound, Australian dollar
Tuesday – Crude oil, Heating oil, Cocoa
Wednesday -
Thursday – Lean Hogs, Soybeans, Japanese yen
Friday – RBOB gas, Eurocurrency
Market update – Short Australian dollar has reached target objective! [chart]
Posted on Tuesday, May 14th, 2013 at 9:38 am by John in Australian Dollar, Currency Markets, Forex Commentary, Futures Commentary
TMV Swing Trade report – Short June Australian dollar from 1.0120 – Hit the Target! – The short Aussie has reached the target objective one day before the projected May 15th reaction date. The short position closed at .9915.
The confluence of support from the downward sloping parallel line and upward sloping reaction line could provide enough support for a short-term corrective rebound. I will continue to monitor the market for new signals.
June Australian dollar
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Market news – Corn rallies on concerns of tight supplies and planting delays.
Posted on Monday, May 13th, 2013 at 1:37 pm by John in Trading News
By Andrew Johnson Jr. CHICAGO--U.S. corn futures settled sharply higher Monday, fueled by tight supplies and fears about planting delays. Front-month futures hit a six-week high as the market reversed Friday's decline following the U.S. government's monthly crop forecast. Chicago Board of Trade corn for May delivery settled up 30 1/4 cents, or 4.4%, at $7.18 a bushel. Corn futures for July delivery, the most actively traded contract, finished up 19 1/4 cents, or 3%, at $6.55 1/2 a bushel. The December contract settled up 9 3/4 cents, or 1.8%, to $5.39 1/4. The "front end" of the market, or contracts for near-term delivery, led prices higher, a signal of scant physical supplies following the severe drought last year in the U.S., which curbed corn output. End users from processors to shippers have ramped up near-term demand amid fears of domestic supplies only tightening further, said Mike Zuzolo, president of Global Commodity Analytics and Consulting in Lafayette, Ind. Basis levels--the gap between cash prices for physical supplies and futures--firmed up at many locations across the Corn Belt as end users from processors to exporters continued to push for supplies. Traders were also nervous that additional planting delays in the Midwest could result from heavy rains expected to move across the Midwest. Private weather forecasters show a wetter outlook for the Midwest a week from now. Farmers still should get a window to plant a lot of corn this week as conditions are favorable, but those delayed into next week may face uncertainty.
Reaction dates for the week of May 13 through May 17.
Posted on Friday, May 10th, 2013 at 12:54 pm by John in Reversal dates
Monday – Lean Hogs, Soybeans, Crude oil, Silver, Dollar index, Canadian dollar
Tuesday – RBOB gas
Wednesday – Soy meal, Bean oil, S&P, Australian dollar
Thursday – Live Cattle
Friday – Natural gas, Silver, Gold
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Market Alert! – Reaction date signaling possible bullish reversal in Live Cattle. [chart]
Posted on Thursday, May 9th, 2013 at 10:05 am by John in Futures Commentary, Livestock, Reversal dates
June Live Cattle have traded lower into the reaction date, projected for May 9th. The market is also inside the 60% buy zone, adding to the probability of a major reversal. Thursday’s session opened steady, before trading below the prior day’s low (one of the criteria for a reversal) and tested the downward sloping median line, before turning higher. For specific information about entry level and risk management, call your representative at Traders Network at 1-800-521-0705.
June Live Cattle
Reaction dates for the week of May 6 through May 10.
Posted on Friday, May 3rd, 2013 at 2:31 pm by John in Trading News
Monday – Gold, Cotton, Coffee
Tuesday – Lean Hogs, Wheat, Soybeans, Treasury bonds, Australian dollar
Wednesday – British pound
Thursday – Live Cattle, RBOB gas
Friday – Soy meal, Gold, Eurocurrency
Click here, to learn more about Reaction dates and how they are used for time and price projections.
Market Alert! – Short Natural gas has reached 1st target objective! [Chart]
Posted on Thursday, May 2nd, 2013 at 11:22 am by John in Day Trades, Energy Markets, Futures Commentary, Reversal dates, Trading News
June Natural gas – Short from 4.310 – last price @ 4.062 – N-gas confirmed the bearish TR pattern sequence with a trade through the 4.310 trigger price. The market price drop was quick, but did find support at the longer-term ascending parallel line. I look for a short-term bounce to a least a pause at this level, so this may be a good place for short-term traders to exit the position, with a very nice gain, and wait for a pullback to re-enter.
John Crane
June Natural gas
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Reaction dates for the week of April 29 through May 3.
Posted on Friday, April 26th, 2013 at 1:53 pm by John in Trading News
Monday – Live Cattle, Lean Hogs, Bean oil, RBOB gas, Treasury bonds, S&P
Tuesday – Heating oil, Gold, Cocoa
Wednesday – Coffee
Thursday – Corn, Crude oil
Friday – Canadian dollar, Australian dollar
Reaction dates for the week of April 22 through April 26.
Posted on Friday, April 19th, 2013 at 11:13 am by John in Reversal dates
Monday – Gold, Japanese yen
Tuesday – Soy meal, Crude oil, Silver, S&P, Australian dollar, Japanese yen
Wednesday – Live Cattle, Corn, Gold, Coffee
Thursday – RBOB gas
Friday – Silver
Market Alert! – Short June Gold reaches target objective! [chart]
Posted on Wednesday, May 15th, 2013 at 10:14 am by John in Futures Commentary, Precious Metals
TMV Swing Trade Report – June Gold – Short from $1454.50 – Current price $1394.00 – Gold has reached the latest sloping reaction line target objective. I expect to see a bounce off the line. It is time to close the current short position for a hefty gain. I will continue to monitor the market for a new signal pattern after a corrective bounce.
June Gold
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