Silver’s formerly once a weekday price “fix” is being replaced as of today with an algorithm that will operate fully electronically, more in line with today’s best practices at futures exchanges. Here’s a link to a piece on the revamp from Zerohedge.com. Gold (CME GC Dec14)’s near-term bullish profile weakened somewhat yesterday given the marketRead More
Corn (CME ZC Dec14) gave up some of its post-WASDE gains yesterday, but still remains my long of choice. If you go to Stockcharts.com and pull up $CORN’s Slow Stochastics on a 5yr weekly chart, the %K and %D sit at 3.26, 2.24 respectively. The fact that WASDE wasn’t able to take ZC much lowerRead More
Corn (CME ZC Dec14) and Wheat (CME ZW Sep14) have held up reasonably well post-WASDE, and have recovered all of the initial losses in the few hours following the major release. I was flat going into WASDE, and am now looking to re-enter 3 lots long of ZC with buy limits in the 365-367 range,Read More
After strongly bearish Thursday and Friday action on Arabica Coffee (ICE KC Sep14), where it had almost reached the 61.8% retrace (of the July 2nd half rally), KC powered ahead over 4% yesterday. The gains reversed all of Friday and much of Thursday’s downward slide, and positions it to resuming the longer term rally thatRead More
Wheat (CME ZW Sep14)’s strong Thurs/Fri pullback brings it to the 50% Fibonacci support (as calculated by retracing 50% of its recent rally). I am currently long 3 lots at 550.80. Corn (CME ZC Dec14) did not experience as strong of a pullback late last week, as it never rallied as hard as ZW inRead More
Gold (CME GC Dec14) had a strong last few days which has taken it out of a short-term downtrend. If you view the monthly GC chart on the main homepage slider image, posted in July, you can see that gold is my number 3 pick to go long for the second half of 2014. WithRead More
Corn (CME ZC Dec14) followed in Wheat (CME ZW Sep14)’s footsteps yesterday, as predicted in the newsletter posts over the last week. As ZC’s bounce yesterday was weaker than ZW’s, and has pulled back a bit since, it now presents an ideal long entry point. I am currently flat as I have been actively tradingRead More
Wheat (CME ZW Sep14) had a strong surge yesterday, particularly late in the US and into the current Asian session. I locked in my gains prematurely at 546 1/2 and 547, and will be looking to re-enter up to 3 lots long on healthy pullbacks. My buy limits are currently resting at 552, 550, 548.Read More
Wheat (CME ZW Sep14) was the strongest of the agris/softs on my watchlist yesterday, and has convincingly put in a bottom. I have buy limit entry orders set at 540 and 543. ZW is currently pulling back slightly at the time of this writing on the short-term charts, consolidating gains in the last week orRead More
With the strong breakdown last week of S&P500 (ES CME Sep14) and Nasdaq100 (NQ CME Sep14), and a slight near-term oversold bounce underway at the time of this writing, positioning for ES and NQ shorts have ample time, with some aggressive traders entering shorts right before today’s London open. The more conservative shortsellers will likelyRead More
