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…
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 averages…
You need to login to view this content. Please Login. Not a Member? Join Us
Australian Dollar—The Australian dollar In the June contract is currently trading lower for the 2nd consecutive session down another 18 points at 6910 as I have been recommending a bullish position from around the 6979 level and if you took that trade continue to place the stop loss under the contract low which stands at 6868 as an exit strategy.…
You need to login to view this content. Please Login. Not a Member? Join Us
You need to login to view this content. Please Login. Not a Member? Join Us
You need to login to view this content. Please Login. Not a Member? Join Us
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…
You need to login to view this content. Please Login. Not a Member? Join Us
You need to login to view this content. Please Login. Not a Member? Join Us