Tag : futures trading

Cotton Prices Down Over 200 Points On China News
Cotton Prices Down Over 200 Points On China News

Cotton Futures—Cotton futures in the July contract opened sharply lower this Monday in New York as a trade agreement with China looks to be on hold sending prices down to 220 points at 73.48 hitting a fresh 9 week low. I have been recommending a bearish position from around the 75.78 level and if you took that trade continue to…

Still Bullish The S&P 500
Still Bullish The S&P 500

S&P 500 Futures—The S&P 500 in the June contract is sharply lower on concerns about North Korea currently trading at 2897 down 50 points near a 2 week low as this is sheer panic in my opinion as it still remains in a very strong trend to the upside as the payroll number that was released last Friday showed that…

Copper Rallies Sharply Off Session Lows
Copper Rallies Sharply Off Session Lows

Copper Futures—Copper futures in the July contract is currently trading at 2.7700 a pound down 490 as prices are still hovering right near a 10 week low still trading below their 20 & 100 day moving average as the trend remains to the downside in my opinion. I have been recommending a short position from around the 2.8250 level &…

Bearish Trends Continue– Commodity Comments For 5-3-19
Bearish Trends Continue– Commodity Comments For 5-3-19

S&P 500 Futures—The S&P 500 in the June contract settled last Friday in Chicago at 2941 while currently trading at 2939 basically unchanged for the trading week, but ending on a positive note up over 20 points due to the incredibly strong monthly unemployment number which was released this morning. The economic figures that have been released in the last…

TRADING THEORY—Do You Counter Trend Trade ?
TRADING THEORY—Do You Counter Trend Trade ?

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…

Will Cattle Prices Hit Fresh Contract lows ?
Will Cattle Prices Hit Fresh Contract lows ?

Live Cattle Futures—Live cattle futures in the June contract settled last Friday at 115.05 while currently trading at 113.65 down about 240 points for the trading week hitting a 5 month low and now has traded lower for 10 consecutive sessions as this market has turned on a dime. Large money managed funds had record long positions as they have…

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

Cotton Futures—Cotton futures in the July contract is currently trading at 75.80 after settling last Friday in New York at 77.70 down almost 200 points for the trading week as a rounding top chart pattern looks to have been formed in my opinion. I have been recommending a bearish position from around the 75.78 level and if you took that…

Looking To Sell More Sugar
Looking To Sell More Sugar

Sugar Futures—Sugar futures in the July contract is currently trading at 12.04 after settling last Friday in New York at 12.65 a pound continuing its bearish momentum as I’ve been recommending a short position from the 12.25 level & if you took that trade continue to place the stop loss above the 2 week high which stands at 13.05 as…

Where Are Commodities Going ? Daily Commodity Report For 5-2-19
Where Are Commodities Going ? Daily Commodity Report For 5-2-19

Cotton Futures—Cotton futures in the July contract are trading lower for the 5th consecutive session down another 85 points at 75.85 as I have been recommending a bearish position around the 75.78 level and if you took that trade continue to place the stop loss at 79.57 as an exit strategy. The agricultural markets especially the soft commodity sector continue…