Futures Market Guide

Tag: Asset management

  • Coffee Getting support from the Funds

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    by

    aaron
    in

    As of this post coffee prices are higher by 4.44% with prices approaching previous resistance just below the 50 day MA (light blue line) that was challenged last week. Prices appear to be on the rise as money managers bought the dip this week when prices were trading near three weeks lows. I anticipate funds piling into coffee longs next week buying upwards of 10,000 contracts as they re-balance their positions at the…

  • Hi-Ho Silver – A Breakout?

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    by

    aaron
    in

    Silver is higher by nearly 5% today trading to its highest levels since 6/19. Since 6/28 when September futures traded as low as $18.17 (33 month low) prices are higher by 17.4%. Two significant developments in the last two trading sessions…a settlement above the 50 day MA (light blue line) which had not occurred since…

  • Natural gas – Wear gloves when catching a falling knife

    Natural gas – Wear gloves when catching a falling knife

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    by

    aaron
    in

    Natural gas has traded lower the last 6 sessions and is currently trading off the lowest levels in 13’. Looking back 16 months one can identify on the chart below that a gap was filled from 4/23 this week. Stochastics are showing the most oversold conditions in 5 weeks when futures managed to rally 30…

  • Cocoa – How NOT being in the Market can make you $$

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    by

    aaron
    in

    First let’s address the move in cocoa today…that had futures higher by 3.19% and intra-day trading to their highest levels in three months. Last week one can see that we found support at the 20 day MA (light blue line) as futures danced that line for five sessions before the acceleration today. Weather related news…

  • FCOJ – A Retracement Ahead

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    by

    aaron
    in

    On the one month relative performance OJ has been the best performer with November futures higher by 12% as of this post. Me being a contrarian I’d like to fade this appreciation with clients. As one can see prices have been running into resistance for the last two weeks just above current trade as identified…

  • CAD – The Loonie has a Broken Wing

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    by

    aaron
    in

    I hate to date myself here but as a young man I was very fond of the video game duck hunt- a “classic” shooting game for the first version of Nintendo. Just as those birds fell from the sky I think the Loonie short term is headed south. Most followers are aware I have been…

  • BOT Wheat – Will $7/Bushel again act as a Floor?

    BOT Wheat – Will $7/Bushel again act as a Floor?

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    by

    aaron
    in ,

    In the last week December wheat futures have trade lower by 30 cents/bushel and are flirting with the $7 mark. As seen in the chart below this level has served as support for the last four months. On every attempt to penetrate this level buyers have defended $7/bushel. Past performance is not indicative of future…