Futures Market Guide

Tag: Financial analyst

  • Picking a Bottom in Ags – Soybean oil

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    by

    aaron
    in

    The story for months has been slack demand for Agriculture and increasing global production. Hence wheat currently trading under three year lows and corn trading under 2 year lows. Soybean oil has not escaped the black cloud that has been hanging over this sector either as seen on chart below clearly there has been a…

  • 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…

  • The Loonie…A Broken Wing but it Can Still Fly

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    by

    aaron
    in

    Today is December 5th and it looks like it may be the first positive session in the Canadian dollar in 10 sessions. Future traded to their lowest levels since May of 2010 yesterday but for now it appears .9350 will be the line in the sand in December futures. One cannot look at the Canadian…

  • Silver Markets don’t Move in a Straight Line

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    by

    aaron
    in

    Since bottoming on 6/28 silver futures have appreciated 37% and this happened in two months time. Whenever a commodity moves that much whether it is higher or lower it should be recognized as that velocity is not sustainable. Futures are running into resistance at the 38.2% Fibonacci level just under $25/ounce. One should notice that…

  • Cocoa – Precipitation Should Assist in a Correction

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    by

    aaron
    in

    After climbing 18% in the last 60 days cocoa prices have consolidated in recent weeks just under the $2500 level in December futures. I am operating under the influence that an interim top has been established on 8/20 at $2547 or $100 above current trade. I am expecting a challenge of the up sloping trend…

  • Natural gas – A Bullish Move Underway

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    by

    aaron
    in

    Since putting in a low on 8/8 at $3.15 October natural gas futures have advanced 11% lifting this contract to the down sloping trend line(blue line) that has served as resistance since mid-May. It was a positive development in recent sessions to trade above both the 8 and 18 day MAs. Above the trend line…

  • Crude oil – Bullish draw and still NO Upside

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    by

    aaron
    in

    Yesterday we saw an unexpected rise in fuel products reported by the API. According to the API Crude stockpiles fell 999,000 barrels last week but gasoline stockpiles rose 1.7M barrels and distillates rose 1.1M barrels. The EIA out today reported a slightly more bullish figure showing oil stockpiles falling 2.8M barrels. The EIA also indicated…

  • 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…

  • 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…