Archive | March, 2007

O&F News & Views

This week we begin with rising tensions with Iran. This situation will surely keep the bid in energy and metals until it gets sorted. We have seen commodities as a whole move back towards multi year highs and that has many people rushing to invest in our markets. These new investors usually have a very […]

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Forex Report

The cable exceeded our 1.96 target this past week but then did begin to pull back. Early this week we expect the market to continue to consolidate the gains made last week. We are building a bull flag that should point the way to a test of the old highs above 1.99. That test will […]

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Beans, Bees, and Flares

Technical analysis will never give you the why behind the move. That is where fundamental analysis comes in. While I don’t know for certain if the reason below is what may propel soybean prices higher it’s surely food for thought at the very least. In the past few months or so a potential freighting series […]

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Soybean Futures

Soybeans Still in a Price Uptrend from Fall Lows

May soybean futures at the Chicago Board of Trade are still in a solid price uptrend from the autumn 2006 low. Prices have backed off recently on some profit-taking pressure, but the bulls still have the overall near-term and longer-term technical advantage. On Wednesday May soybeans did hit a fresh three-week high of $7.73 a […]

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T-Bond Futures

T-Bond Trade Recommendation

Both the stock and Bond markets have been anticipating this weeks FOMC meeting for months now. Both markets have been foolishly hoping for a rate cut. Only a catastrophic event like the stock market dropping 25% or something similar would result in the Fed. lowering rates. Frankly we believe that if the Fed. does anything […]

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Live Cattle Futures

Live Cattle See Some Near-Term Technical Damage

June live cattle futures at the Chicago Mercantile Exchange have seen a steep sell off from the recent contract high of $99.82. Prices last Friday gapped lower on the daily bar chart, hit a fresh three-week low of $94.20, and closed at the weekly low close to produce some fresh near-term technical damage. Key for […]

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Forex Update

The cable has put in a strong bottom at 1.92. We could easily see a move to 1.96 this week. This market is in a wide trading range between 1.92 and 1.98 and until it moves out of that range we will be trading the chop. That means we do the opposite of what we […]

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Market Thoughts

Market Thoughts

I have just a few thoughts on the market today. The market has been acting quite suspiciously and I am not too comfortable with this. Some of the activity may well be due to today’s expiration and the typical bullish bias during expiration week, but I believe investors (the market) have ignored some pretty stern […]

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Corn Futures for May 2007

Downtrend Channel in May Corn

May corn futures at the Chicago Board of Trade are trapped in a down-trending channel as seen on the chart. Bears do have downside near-term technical momentum on their side. Technical odds are decent that a near-term market top is in place. Bulls would gain better downside technical momentum by pushing prices below solid technical […]

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Corn Based Ethanol, a Domino of Instability

This is a catastrophe unfolding in slow motion right before our eyes. The tealeaves are in place and the consequences can be readily deduced. We all understand our dependence on fossil fuels and its suppliers require we do everything to ameliorate future problems before they emerge. But Corn based ethanol is not a solution, and […]

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