Trading

Will Wheat Prices Test Contract Lows ?
Will Wheat Prices Test Contract Lows ?

Wheat Futures—Wheat futures in the May contract settled down 2 cents at 4.65 a bushel as traders are waiting for tomorrow’s crop report which will send some fresh news back into this market. If you are bullish and are long a futures position I would place the stop loss at 5.52 as an exit strategy. If you are bearish and…

I Remain Bullish Cattle Prices
I Remain Bullish Cattle Prices

Live Cattle Futures—Live cattle futures in the June contract is currently trading lower by 95 points at 120.62 after settling last Friday in Chicago at 119.00 up about 160 points for the week continuing its bullish momentum. If you are long a futures contract continue to place the stop loss at the 118.30 level as an exit strategy as I…

Where Are Cotton Prices Headed?
Where Are Cotton Prices Headed?

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Where Are Silver Prices Going ?
Where Are Silver Prices Going ?

Silver Futures—Silver futures in the May contract is trading lower by only 1 penny at 15.76 hitting a 1 week low as I’m currently sitting on the sidelines, but I do have a bullish bias toward silver and the precious metals across the board. Full text available to┬áMike’s Coffee Shop Members only

Keep A Close Eye On The 10 Year Note
Keep A Close Eye On The 10 Year Note

10 Year Note Futures—The 10 year note in the June contract is trading lower for the 2nd consecutive session lower by another 6 ticks at 122/01 right near a 4 week low. The 10 year note has been stuck in a tight 4 week consolidation looking to break out to the downside as the yield at the present time is…

Natural Gas Higher On Cold Weather
Natural Gas Higher On Cold Weather

Natural Gas Futures–-Natural gas futures settled last Friday in New York at 2.73 while currently trading at 2.83 up about 10 points for the week as prices are right near a 5 week high. The month of March will experience the coldest first 7 days of March since 1960 as that is helping support prices, however we are at the…

Gold Prices Hit A 5 Week Low
Gold Prices Hit A 5 Week Low

Gold Futures—Gold futures in the April contract is ending the week on a sour note down nearly $15 an ounce at 1,301 after settling last Friday in New York at 1,332 as prices have now hit a 5 week low. At the present time I do not have any recommendations in the precious metals, but I do believe gold is…

Soybean Prices Hit 2 Month Low
Soybean Prices Hit 2 Month Low

Soybean Futures–-Soybean futures in the May contract settled last Friday in Chicago at 9.23 a bushel while currently trading at 9.00 down nearly 20 cents for the trading week hitting a 2 month low. In my opinion I think soybean prices could test the September 18th contract low at 8.53 as there is nothing bullish about this commodity fundamentally speaking.…