Archive | April, 2014

Brent crude oil futures vs. WTI

Crude Oil Breaks it’s Trend Line

In the last two weeks June Crude oil futures have come down nearly $5/barrel and are presently trading below the $100 psychological level for the first time since 4/8. As of this post the trend line that has been in place for several months is being breached and prices are trading under their 50 day […]

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S&P 500 Futures (Daily) chart for the Option Queen

Option Queen Letter

The low for the S&P June future’s contract on April 14, 2014 was1803.50 and the high, seen on April 24, 2014 was 1882.50. That trading range will remain for the coming weeks unless either the upper or the lower levels are broken decisively. This week we will have a two-day FOMC meeting with no scheduled […]

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US SPX 500 Futures (Daily) 2014, 04, 20

Option Queen Letter

The bull market in US equities continues. While many pundits are calling for a top, and we agree that there are ominous signs in this aging bull market to support that opinion, we must remind our readers that markets tend to move directionally and generally resist change. A bull or bear market can continue longer […]

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30 Year U.S. Treasury Bond chart for April 17, 2014 - Safe haven

Flight out of Safe Haven

Clearly the trend has been higher in the last four months as June 30-yr bonds futures have climbed 8 handles. This weeks consolidation just below the 135’00 level could signal an interim top. A future trader could institute shorts with stops above the recent highs. Another option would be a bearish option play with an […]

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NASDAQ 100 Futures (Daily chart), April 13, 2014

Option Queen Letter

The lines in the sand for the NASDAQ 100 are: 3413.70 and 3396.72. The 200 day moving average is sitting at 3388.23. The S&P 500 will find support at 1792 and 1780. We expect to see these markets open lower and then rally. No we are not totally oversold and continue to have some room […]

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US Coffee Futures (Daily chart), for April 13, 2014

Coffee Prices Hunt Peak

How much do you enjoy that lunch break cappuccino, americano or espresso? Well, in future, you may have to be prepared to pay more for that all-in-important caffeine fix at your favourite coffee chain outlet. This week, commodities continued to attract investors while bucking the down trend of the stock exchange, and, of these, coffee […]

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British Pound daily chart for April 11, 2014 - FX

FX Play in the Cable

The recent ascent in the British Pound has lifted futures near 1.6800 in June challenging the highs from mid-February. This has been a steady climb since bottoming in July of 13′ but what I find interesting looking at the weekly chart below it appears the line in the sand is just above that level, as […]

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Cotton Futures chart for April 9, 2014

Blue Light Special in Aisle 4 (Cotton)

Cotton prices have grinded higher since the beginning of December as one can see by the chart below. In this time frame prices of July futures have appreciated approximately 17% lifting trade to their highest levels in 27 months near 97 cents/lb. This likely has something to do with the most recent US cotton harvest […]

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