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 [...]
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 [...]
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 [...]
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 [...]
May Soybeans reached the “red line” during the recent two-day corrective rebound. The market also traded into a projected reaction date, setting up a potential reversal. A confirmation of this reaction date signal pattern portends a resumption of the downward trend. For more information about this chart pattern and possible signal, contact us at 1-800-521-0705. By [...]
Monday – RBOB gas Tuesday – Live Cattle, Eurocurrency, Australian dollar Wednesday – Soybeans, Crude oil, S&P Thursday – Bean oil, Natural gas, Japanese yen, Cotton, Sugar Friday – Lean Hogs, Copper
TMV Swing Trade report – Short June Gold from $1594.80 – Hit Target Objective! – Gold has reached the descending median line target objective.
TMV Swing Trade report – Long May Natural gas from 4.052 – The possible Swing Pattern Failure is signaling and end of the reaction cycle and possible decline in the near future. Use any intra-day rally to exit long positions.
TMV Swing Trade report – Long May Wheat from $7.31 1/2 – last price @ $7.37 1/2 – Wheat futures dipped into the March 26th reversal date, where it found support at the upward sloping red line. The market reacted to the reversal date and the longer-term reaction swing (3/20 to 3/23) and traded above [...]
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 [...]