Futures Market Guide

Tag: commodity futures

  • Gold… “the Safe Haven”

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    by

    aaron
    in

    The Gold market has become a very technical trade recently. It feels like the market has lost many investors due to its pull back from the $700 level. This is to be expected, as it fights to earn some allocation of investor capital against a stock market that has made new weekly highs in eight…

  • Potentially Bearish Rising Wedge in June Gold

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    by

    aaron
    in

    June gold futures have just recently formed a potentially bearish rising wedge pattern on the daily bar chart. Following last week’s sharp losses, the market has seen a few sessions of tepid short covering and bottom-fishing by traders. This minor corrective bounce has formed the rising wedge formation on the daily chart. Bears would gain…

  • Forex: The week ahead.

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    by

    aaron
    in

    The cable continues to retreat as expected. We still feel that 1.96 should prove to be strong near term support. We expect some kind of bounce once we reach the 1.96 handle. EUR/USD This pair has also been down trending and here to we expect support at 1.34 to hold in the near term. This…

  • Derek Frey Market Comments

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    aaron
    in

    This week we saw CPI come out largely as expected. This really took the wind out of the sails of those who expected a rate hike or cut for that matter. We continue to argue that the FOMC will do nothing for the balance of the year as they still need more time for the…

  • Option Queen Letter

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    by

    aaron
    in

    Now, the abysmal retail sales numbers have been attributed to those individual investors, who’re thoughtlessly throwing money at an already overbought stock market. Well, perhaps it is a thought, however justified. But, from where we sit, we see money chasing money, raising it higher and higher, yet buying, every dip. Now, we’ve expressed a concern,…

  • OJ Trade Recommendation

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    by

    aaron
    in

    OJ had been on a very long term up trend since 2004, but that trend has now decisively broken down. It is now making a classic bear flag as you can see on the chart below. This market is destined for a much deeper correction after the huge run up it has seen. A 50%…

  • T-Bond Trade Recommendation

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    by

    aaron
    in

    Today we have the rate decision from the FOMC at 2:15pm EST. The consensus is that Mr. Bernanke and company will leave interest rates unchanged. The main issue many traders are looking for is a change in verbage towards inflation. With Gas prices at all time highs and Gold closing in on $700, signs of…

  • The Platinum ETF

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    by

    aaron
    in

    ETF Securities recently announced the formation of an ETF that would purchase physical platinum on the open markets and store it for investors in hopes of positive investment returns. The fund would trade on the London stock exchanges and comes three days after a similar announcement by the Zurich Cantonal Bank that claims to be…

  • Gold Bulls Still Eye $700.00 Hurdle

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    by

    aaron
    in

    June gold futures last week hit a fresh six-week high of $698.00 an ounce. Prices have backed off a bit this week on some profit-taking pressure, but the bulls still have the solid near-term technical advantage. A six-month-old uptrend line is in place on the daily bar chart for June gold futures. The next upside…

  • Soybeans Oversold, Bottom Likely Near

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    by

    aaron
    in

    July soybean futures at the Chicago Board of Trade on Wednesday gapped lower on the daily bar chart and hit a fresh three-month low of $7.29 a bushel. Near-term chart damage has been inflicted upon the soybean market recently, and prices are in a two-month-old downtrend from the late-February contract high of $8.22. However, July…