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Sell The Sugar Market
Sell The Sugar Market

  Sugar Futures–-Sugar futures in the July contract is currently trading at 12.25 as I’m now recommending a bearish position while placing the stop loss above the April 22nd high of 13.05 as the risk is 80 points or $900 per contract plus slippage and commission as the soft commodity sector remains bearish. At the present time I’m also recommending…

Can You Recognize A Rounding Top Chart Pattern ? LOOK AT COTTON
Can You Recognize A Rounding Top Chart Pattern ? LOOK AT COTTON

What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. The pattern can develop over several…

Heavy Rains Push Soybeans Lower
Heavy Rains Push Soybeans Lower

Soybean Futures—Soybean futures in the July contract is trading lower for the 4th consecutive trading session down another $0.05 at 8.49 a bushel as traders are selling soybeans and buying corn due to the excessive wet weather that we are receiving in the midwestern part of the United States. If the rain continues for several more weeks you would certainly…

My Consolidation Rule—Look At Copper
My Consolidation Rule—Look At Copper

  TRADING THEORY—How long does a meaningful consolidation has to last before you enter a trade? In my opinion I always want to see a consolidation that lasts at least 8 or more weeks before I would consider entering. The reason that I want a longer consolidation is to try and avoid a bunch of false breakouts such as a…

Here Is My Cotton Trade-Possible Rounding Top
Here Is My Cotton Trade-Possible Rounding Top

Cotton Futures—Cotton futures are trading lower for the 4th consecutive session down another 100 points at 75.78 as I am now recommending a bearish position while placing the stop loss above the high that was created on April 9th at 79.57 as the risk is around $1,900 per contract plus slippage and commission. Cotton prices are now trading under their…

Copper Sharply Lower Off Fed Comments
Copper Sharply Lower Off Fed Comments

Copper Futures—Copper futures in the July contract is sharply lower this Wednesday afternoon in New York down 800 points currently trading at 2.8240 a pound as prices have now hit a 10 week low. I have talked about copper on multiple occasions and if prices close below 2.84 I will be recommending a short position while placing the stop loss…

Daily Commodity Report 4-30-19
Daily Commodity Report 4-30-19

  Coffee Futures—Coffee futures in the July contract is currently trading higher by 90 points at 93.55 a pound as prices are right near a 2 week high as it looks to me that a possible spike bottom may have been created on April 17th at 89.00 as I’m keeping a close eye on a bullish position. Coffee prices are…

Impressive Day For S&P 500
Impressive Day For S&P 500

S&P 500 Futures—The S&P 500 in the June contract finished lower for the 3rd consecutive session up another 5 points at 2947 despite the fact that Google reported earnings and finished down almost $100 coupled with the fact that there could be a civil war erupting in the country of Venezuela, however the S&P 500 still finished higher. If you…

What Does New Crop/Old Crop Mean ?
What Does New Crop/Old Crop Mean ?

What’s the difference between old crop & new crop in the agricultural commodities? When analysts and traders talk about agricultural commodities such as soybeans & corn the one thing they generally mention is old crop versus new crop and that might confuse some beginners on what exactly is the difference. I will keep it simple because the only difference between…

Has Corn Bottomed Due To Wet Weather ?
Has Corn Bottomed Due To Wet Weather ?

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