Market Alert! – Short May Cotton has reached target objective. [chart], John Crane

TMV Swing Trade report – Short May Cotton from 85.39 – Hit the target! The short position has reached the initial target objective at 82.10. Cotton could find support at the downward sloping median line and form a new bearish signal pattern. The longer-term cycle remains bearish, so I will use a two or three [...]

Market Alert! – Short Natural gas has reached 1st target objective! [Chart]

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 [...]

Market Alert – May Corn poised for new price advance! – median line, action, reaction

TMV Swing Trade report – Long May Corn from $7.18 – Exit price at $7.21 1/2 – The long corn position was closed when the market dipped to a low of $7.21 1/2, just touching the profit stop level, before turning higher and resuming the upward trend. The market is poised to push above the [...]

Market Alert – April Natural gas reaches target objective on projected reaction date! action reaction, median line, John Crane

April Natural gas reached the longer-term target objective (3.986) determined by the intersection of the upward sloping median line and downward sloping red line. The market reached the objective on the March 21st reaction date that was projected after bullish swing pattern was confirmed on February 25th when the market gapped higher and closed above [...]

Market Alert – Reaction date triggers reversal in March Eurocurrency! – action reaction, John Crane

March Eurocurrency – The euro traded to a new low of 1.2965 during Wednesday’s session, taking out the prior low of 1.2967 from March 1st. The new low occurred one day before the March 7th reaction date and followed a three-day reaction swing. A bearish reaction swing would normally indicate a continuation of the trend. [...]

Market News – Soybeans Advance on Demand From China, Dry Argentina Weather

Soybeans rose to the highest in more than a week on signs of increasing demand from China, the world’s largest importer, and as dry weather threatened crops in Argentina. U.S. exporters sold 120,000 metric tons of soybeans for delivery by Aug. 31, the Department of Agriculture said yesterday. China’s financial markets were shut last week [...]

Market News : USDA sees bigger U.S. Corn supplies; stronger Soybean demand

  WASHINGTON–Corn supplies in the U.S. will be larger than expected thanks to weakening foreign demand, the U.S. Department of Agriculture said Friday.  Domestic stocks of corn will reach 632 million bushels by the end of the 2012-13 marketing year, the USDA said in its monthly World Agricultural Supply and Demand Estimates report. That’s a [...]

U.S. Soy Supply at 48-Year Low as Brazil Ships Held: Commodities

Dry weather and shipping delays in South America are boosting demand for soybeans from the U.S., the world’s largest grower and exporter, and producing the tightest inventories in almost five decades. Stockpiles will shrink to a nine-year low of 130 million bushels on Aug. 31, before the next U.S. harvest, according to the average of [...]