Archive | June, 2006

Natural Gas Trade

Natural Gas Trade

Natural gas has been the laggard in the energy complex so far this season. Since the Katrina highs last year, natural gas has corrected almost all the way to the pre hurricane lows from last year. We are now getting into the summer cooling season where we are all tuning on our air conditioners. This […]

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Lean Hogs See Powerful Upside "Breakout"

Lean Hogs See Powerful Upside “Breakout”

August lean hog futures at the Chicago Mercantile Exchange have recently seen a powerful upside “breakout” from a trading range at higher levels. The past two weeks have seen futures prices push well above what was very strong technical resistance just above the $67.00. On Tuesday August hogs soared to a fresh contract high of […]

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Cotton Prices Sharply Lower

Cotton prices in NY dropped sharply today encouraged by exploratory spec selling, some profit taking and some early bearish option strategies. What was most interesting is that prices seemed as though they would open steady, which is how things looked late during the pre-opening. So when July opened trading from unchanged 5270 to 5260, down […]

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Silver Trade

Silver Trade

Metals have been selling off for many weeks now and we are nearing a solid support levels in many of these markets. Notice on the chart below that we have all but hit the Fibonacci 50% retracement level. Silver has, as usual, been the most volatile of the group and this volatility is expected to […]

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The ‘other’ alternative fuel

With so much debate recently over the topic of ethanol as an alternative fuel, many observers have overlooked an equally important product: biodiesel. In fact, when Mr. Diesel himself (no relation to Vin) invented his engine back in the 1890’s, the contraption ran purely off the oil generated from peanuts. It wasn’t until the 1920’s […]

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Euro FX Trade

Euro FX Trade

We just exited our June Euro put spread for a little more than a 200% return in 11 trading days. As I mentioned in the June spread I remain a longer term bull of this market. Today’s breakdown is nothing more than a shakeout of the longs one day before June’s option expiration, coincidence?…I think […]

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Manduca Trading

Established by Bob Maurer and Dave Heltmach, Manduca Trading is based in the Financial District of Chicago. Manduca prides itself not only in providing high-quality technology to it’s customers, but also in the level of customer service that sets the high-water mark for the industry. (more…)

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Brazilian Mercantile & Futures Exchange

Brazilian Mercantile & Futures Exchange

On October 26, 1917, exporters, businessmen, and commodity producers founded the São Paulo Commodities Exchange (BMSP). This was the first Brazilian institution to offer forward trading. With the passage of time, BMSP established a rich tradition in the trade of agricultural commodities, especially coffee, live cattle, and cotton. (more…)

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Live Cattle Bulls Working on Price Uptrend

Live Cattle Bulls Working on Price Uptrend

August live cattle futures at the Chicago Mercantile Exchange are in a five-week-old uptrend on the daily bar chart. Prices are working up from a double-bottom reversal pattern that occurred on the daily chart during April. Prices Monday hit a fresh three-month high of 81.67 cents a pound, and then backed off to close nearer […]

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Sugar Market Outlook

Sugar Market Outlook

On May 9th, the NYBOT (New York Board of Trade) held its first annual “Sugar Market Outlook” at the Waldorf Astoria in New York City. The event was well attended and many of the major commercial participants in the Sugar industry were in attendance. (more…)

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