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Gold Prices Unchanged For Trading Week
Gold Prices Unchanged For Trading Week

Gold Futures—Gold futures in the June contract is currently trading at 1,295 an ounce unchanged for the trading week as the trend remains sideways at the present time. If you are long a futures contract I would place the stop loss under major support which now stands at 1,284 as an exit strategy as I still have a bullish bias…

S&P 500 Continues Strong Trend
S&P 500 Continues Strong Trend

S&P 500 Futures—The S&P 500 in the June contract settled last Friday in Chicago at 2896 while currently trading at 2903 as prices have broken out to levels that we have not seen since early October. If you are long a futures contract continue to place the stop loss under the 2 week low which now stands at 2844 as…

Cotton Prices Hit 5 Month Highs
Cotton Prices Hit 5 Month Highs

Cotton Futures—Cotton futures in the July contract is ending the week on a positive note up 126 points at 79.00 after settling last Friday in New York at 78.59 continuing its bullish momentum. I have been recommending a bullish position from around the 76.70 level and if you took that trade the stop loss has now been raised to 77.41…

Sugar Prices Look Bullish
Sugar Prices Look Bullish

Sugar Futures—Sugar futures in the July contract is trading lower by 3 points at 12.95 a pound breaking a 2 day winning streak as prices are still hovering right near a 5 week high. I will be recommending a bullish position if prices at the 13.03 level while then placing the stop loss at the contract low which was hit…

Natural Gas Looks To Be Bottoming
Natural Gas Looks To Be Bottoming

Natural Gas Futures—Natural gas futures in the May contract is currently trading higher by 1 point at 2.71 still hovering near major support at the 2.60 level as snowy conditions have entered several Midwestern states once again helping support prices in the short term. If you take a look at the daily chart prices have been trading between 2.60 /…

Cotton Prices Lower Off Crop Report
Cotton Prices Lower Off Crop Report

Cotton Futures—Cotton futures in the July contract finished lower by 53 points at 78.47 reacting negatively off of the WASDE crop report released this afternoon as the fundamental picture in the short term still looks bearish. Weak demand coupled with a slightly higher carryover level sent prices lower today, but in my opinion I think prices held up relatively well…

Possible Quadruple Bottom In Corn
Possible Quadruple Bottom In Corn

Corn Futures—Corn futures in the December contract finished unchanged at 3.89 a bushel which is considered the new crop and is currently being planted in the Midwestern part of the United States as I will now focus on this contract for the rest of the growing season. The WASDE crop report was released today stating that carry over levels increased…

S&P 500 Breaks 4 Day Winning Streak
S&P 500 Breaks 4 Day Winning Streak

S&P 500 Futures—The S&P 500 in the June contract is breaking a 4 day winning streak down 12 points at 2886 as traders are awaiting earnings season which will kick off this Friday as that will certainly send volatility back into this market. The 10-year note is currently yielding 2.50% as that is a bullish fundamental factor towards all equity…

Keep A Close Eye On Silver
Keep A Close Eye On Silver

Silver Futures—Silver futures in the July contract is trading slightly higher for the 3rd consecutive session bouncing off of major support around the 15.00 level last week as I think a possible short-term bottom is at hand. At the present time I do not have any recommendations in the precious metals, but I do think prices will move higher despite…

Cattle Prices Higher 2nd Day In A Row
Cattle Prices Higher 2nd Day In A Row

Live Cattle Futures—Live cattle futures in the June contract is trading higher for the 2nd consecutive trading session up another 20 points at 120.77 in a lack luster trade. If you are long a futures contract I would continue to place the stop loss under the 2 week low which now has been raised to 118.70 as an exit strategy…