Tag : commodities

NEVER ADD TO LOSING TRADE !
NEVER ADD TO LOSING TRADE !

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What Is The RSI Oscillator ?
What Is The RSI Oscillator ?

TRADING THEORY —-What Is The RSI Oscillator ? —The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level…

ADM Wheat Comments
ADM Wheat Comments

WHEAT Wheat futures closed mixed. Lower financial and energy markets may have triggered some fund short covering in wheat. Wheat futures are oversold and due for a correction. Estimates of an increase in World 2019 wheat production and end stocks could limit the upside in prices. Rains forecast for US south plains could help crops there. Wet/cold weather could delay…

Wild Trading Session In Corn
Wild Trading Session In Corn

CORN Corn futures traded both sides of Wednesdays close and closed slightly higher. Early talk that Mexico may be looking at South America for corn needs triggered stops near session lows. Talk of increase US farm cash movement may have also triggered increase commercial hedging. Near session lows, there may have been some short covering in front of the weekend…

Cattle Prices Hit A 4 Month Low
Cattle Prices Hit A 4 Month Low

Live Cattle Futures—Live cattle in the June contract finished lower for the 4th consecutive session down 297 points at 115.37 as this market has absolutely collapsed over the last several days hitting a 4 month low. I have been talking about cattle for quite some time as I had a bullish bias and if you were long a futures contract…

I Am Bullish The U.S Dollar
I Am Bullish The U.S Dollar

Dollar Index Futures—The dollar index in the June contract is trading higher for the 2nd consecutive session up sharply this Wednesday afternoon by another 43 points at 97.75 hitting a contract high once again as I still believe this currency will crack the 100 level in the coming weeks ahead. If you are long a futures contract continue to place…

What Is A Rounding Top Chart Pattern ?
What Is A Rounding Top Chart Pattern ?

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…

Are Moving Averages Important ?
Are Moving Averages Important ?

How Can You Use Moving Averages To Your Advantage? A simple moving average is calculated by adding the closing price of a commodity such as crude oil for a number of time periods and then dividing this total by the number of time periods.   Short-term averages respond quickly to changes in the price of the underlying commodity, while long-term…

Should You Answer A Margin Call ?
Should You Answer A Margin Call ?

TRADING THEORY—Never answer a margin call because you are probably over trading and most likely the position is going against you and probably have lost much more than 2% on that trade. Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that…

Sugar Chart Looks Interesting
Sugar Chart Looks Interesting

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