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TRADING THEORY—Trade with the short term trend, as the saying goes in futures trading the trend is your friend but sometimes you will be a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was a…
Cattle Futures—Cattle futures in the February contract is slightly lower for the 3rd consecutive session down another 37 points at 125.42 as I’m keeping a close eye on this market for a possible short position as I do think prices are getting expensive. Cattle prices are now trading slightly below their 20 day moving average for the 1st time in…
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Soybean Futures–-Soybean futures in the January contract is slightly higher this afternoon in Chicago up $0.01 at 8.72 a bushel breaking a 8 day losing streak as prices are taking a pause at the current time. President Trump announced today that a possible trade agreement with China might not develop until after the 2020 election as that is a bearish…
Coffee Futures—Coffee futures in the March contract continue their torrid run to the upside hitting a 1-year high today higher for the 4th consecutive session up another 235 points at 124.35 a pound. I am currently not involved in this market as the chart structure did not meet my criteria to enter into a position, however I am certainly not…
Cotton Futures—Cotton futures in the March contract is trading slightly lower for the 4th consecutive session down another 10 points at 64.70 as the volatility is extraordinarily low for such a historically volatile commodity. The crop progress report showed that 83% of the U.S crop has been harvested which is right on schedule & should be wrapped up in a…
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