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 [...]
Gold Futures Decline From Five-Week High as World Bank Cuts Growth Outlook
Gold fell from a five-week high amid concerns that slower growth will curb demand for bullion. The world economy will expand by 2.5 percent this year, down from a June estimate of 3.6 percent, as the euro area contracts 0.3 percent, the World Bank said. Gold climbed to a five-week high yesterday as Spanish and Greek borrowing [...]
U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%
U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012…..
Market update – Long March Coffee surges to median line target objective!
TMV Swing Trade report – Long March Coffee from 223.05 – Coffee broke out of the bullish reaction swing, I discussed in the last update, and surged to 229.30 where it ran into resistance at the upward sloping median line (basis the 60-minute chart). The median line can be used as a short-term target objective. [...]
Market update – Long March Corn hits target objective! – median line, reversal dates, swing trading strategies
TMV Swing Trade report – Long March Corn from $5.96 1/2 – Hit the Target! – Corn surged higher today and reached the target objective to close the long position at $6.35. This trade recommendation is a good example of how a market can react after a swing pattern failure. If you are a regular [...]
Swing Trade Update – The Short February Gold is has reached the target objective!
TMV Swing Trade report – February Gold – short from $1705.00 – current price @ $1662.50 – Heavy overseas selling pushed the Gold through the $1705.00 trigger price to enter the short position. Looking at the 60-minute chart. Gold has reached the time and price target objective. (Target objective is where the reaction line intersects [...]
Market Alert! – Short Crude oil has reached first target objective!
TMV Swing Trade report – Short January Crude oil from 99.50 – The market has experienced a sharp price decline and is currently testing the downward sloping median line and the reaction line (basis the 60-minute chart). The market is overextended and primed for a corrective rebound. I recommend exiting the short position and waiting for a [...]
Market Update – Short December Wheat – finding support on median line – swing trading strategies, swing trade signals, price action
TMV Swing Trade report – Short from $6.10 – last price @ $5.84 – Wheat traded within 3 cents of the projected target price before rebounding. The intra-day chart is now showing a possible bullish spike. Since I want to be out of this short position before the close, I look at this a good [...]