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economics

IMF vs US Fiscal Policy. Will the FED weigh in this week at FOMC meeting?

Posted on 17 June 2013

Global Economic Calendar Week of June 16th, 2013 DATA HIGHPOINTS FOR THE WEEK: —US FOMC Meeting & Rate Announcement…UK, USA CPI Data…Eurozone, German ZEW Economic Sentiment Index…Release of UK BOE (Bank of England) Monetary Policy Committee meeting minutes… UK Retail Sales… US Markets Quadruple Witching. Data release times are in GMT or specified US EST [...] Continue Reading

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energy, traders

Natural Gas Bargain Hunting

Posted on 14 June 2013

September natural gas futures are lower by 13.1% in the last 3 weeks and lower by 15.9% from their highs made on 5/1. As it stands futures are just under their 61.8% Fibonacci level (lower white jagged line) and attempting to trade back above the 8 day MA (orange line). Stochastics indicate an oversold market [...] Continue Reading

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agriculture, traders

Cocoa Shows Short-term Chart Damage

Posted on 13 June 2013

Cocoa has been kind to speculators of late as we we’re fortunate to catch a few trades. Will three times be a charm? From here it appears prices could be headed south. In the previous two weeks September futures bounced off the 61.8% Fibonacci levels gaining eight consecutive days’ elevating futures 8%. Today will likely [...] Continue Reading

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derivatives, energy, exchanges, funds

Richard Roscelli Great Pacific Trading Company-Futures Market Outlook-June 14th, 2013

Posted on 14 June 2013

  GREAT PACIFIC TRADING LAS VEGAS -ECONOMIC CALENDAR &       MARKET OUTLOOK- June 13th-14th, 2013 You can reach me at rroscelli@gptc.com for questions, comments, and information about opening an account with Great Pacific Trading Las Vegas. Follow me on Twitter @richardroscelli **The information and opinions contained herein comes from sources believed to be reliable, but are [...] Continue Reading

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forex

US Dollar, Dead Cat Bounce

Posted on 11 June 2013

If you go back in time and read comments from 2-3 weeks ago I had called for deprecation in the dollar and the market delivered. I only bring this up because the move happened a lot quicker than I anticipated…from the high made 5/23 June futures are lower by 3.3% in just over 2 weeks. [...] Continue Reading

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metals

Bearish Engulfing Candle in Gold

Posted on 01 June 2013

Energy: All yesterday’s gains were given back in Crude oil today with losses of 1.75% putting prices under $92/barrel. The 50 day MA has capped upside the last two sessions and until July gets above $94 expect sideways to down action. Above $94 I am a lot friendlier. I continue to trade my bias on [...] Continue Reading

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economics

Uncle Ben is speaking tomorrow

Posted on 21 May 2013

Energy:  July Crude oil held its 8 day MA on an inside day. I say lower from here but would only take small bets. My suggested play is short August futures and selling out of the money puts1:1. I’m only looking for $3-4 so if the market delivers cover. RBOB gave up 2% today failing [...] Continue Reading

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agriculture

Cocoa makes your Milky Way cost less in Two Months?

Posted on 09 May 2013

Global food prices rose 1% in April, with levels now only 9% below the peak reached in February 2011, according to the United Nations. This was driven predominantly by a sharp rise in dairy prices. Considering that I can count on one hand how many times my clients and I have traded milk futures… I’m [...] Continue Reading

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economics

The Option Queen Letter

Posted on 28 April 2013

The airs is full of talk of sequestration and the resulting furloughs of air traffic controllers. Naturally this mess was quickly cleaned up when our elected officials needed to avail themselves of the flights. Now there is more to this than meets the eye, of course. How much of the delay was due to sequestration [...] Continue Reading

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agriculture

Corn Crops; When are Delays a good thing?

Posted on 23 April 2013

New crop corn is slow to get in the ground this year. That could mean higher prices, in my eyes. US corn planting is only at 4% according to this week’s crop progress report. This came in at the low end of expectations of 4-6%. It gets worse – the average planting progress from this [...] Continue Reading

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