Judy Crawford’s Grain futures Market Update (5/16)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

GRAIN FUTURES COMMENTS

JULY CORN:  Just looking at the daily chart, there should be more to the rally – to the 610 resistance?  The double bottom on the daily chart that I referred to last time at 591 3/4, corn violated but got back over it today.  Last time I suggested that technically it could stabilize around 570.  On Friday it got to 572 1/4.  Based on the long term charts, this rally could be an opportunity to short.  Watching closely.  Closed 597 1/4, up 14 1/4.

JULY MINI WHEAT:  During the entire collapse in the beans, wheat held around 600.  That was impressive.  It formed an inside day yesterday on the daily chart but I did not suggest a trade as the long term charts contradict each other.  There should be more to its rally too but it is now starting to push into resistance on the daily chart near 620 to 625.  Just watching.  Closed 608 1/2, up 10 1/4.

JULY MINI SOYBEANS:  My stop in the bean position was reached on Friday prior to the major sell-off.  When they then sold off and took out Thursday’s low I shorted them again.  They have since sold off to 1376 yesterday.  Today they rallied back over 1400.  Technically if they match the rally following the report, they could reach 1430 approximately.  That is also a resistance area they formed in early April.  Bear in mind the rally that followed the report bounced off of that area which was then support.  It is obviously resistance now.  Even if beans surpass that area they have technical resistance again at 1450 approximately and the 20 day ma intersecting at 1455.  It was that resistance area that stopped the rally last week. Even before then the downtrend line intersects at 1445. Today they were stopped by the 50 day ma.  Keep stops at 1462 for now.  Closed 1413, up 26.  Position:  Short 1478 (5.3).  Exit 1460 1/2 (5.11).  Profit $120 (-comm/fees).  Position:  Short 1427 1/4 (5.11).  Projection:  1400.

JULY SOYMEAL:  When it took out Thursday’s low on Friday, I shorted it again.  It is attempting to hold at 400.00 support.  Today it rallied to the 20 day ma and stopped.  It has resistance above that at 420.00.  The high of the last rally was 425.50.  Keep stops at 425.70.  Closed 417.20, up 13.70.  Position:  Short 415.  Projection:  380.00.

JULY SOYBEAN OIL:  It has support on the daily chart at 51.00 and stopped there yesterday and is attempting to consolidate further today at that level.  Long term this week has been negative for bean oil.  On the weekly chart, it has started the week off by violating the 100 day ma with follow through.  Move stops from 53.62 down to 52.45.  Closed 51.47, up .17.  Position:  Short 52.97 (5.9).  Projection:  50.00.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

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Live Cattle & Feeder Cattle futures give buy signals (5/15)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Live cattle futures rallied today (5/15) along with feeder cattle.

This move higher for June live cattle futures gives me a buy signal on the daily chart.  This is the first buy signal live cattle have given since the trend changed to the upside.  Although the trend is down on the weekly chart there is a large gap that the live cattle may fill and the trend remains up on the monthly chart.  A close above 117.150 will not only suggest that live cattle may be in a longer-term up-trend it will also issue a King’s Cross counter-trend buy signal on the weekly chart.

August feeder cattle futures are also showing a buy signal on the daily chart today.  The trend is up on the monthly chart.

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For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

View my thoughs on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Grain futures commentary (5/14)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

GRAINS: 5/14/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:00PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY. NOPA CRUSH. EXPORT INSPECTIONS. CROP PROGRESS. Lower closes last session for rough rice, soybeans, soymeal, soyoil, oats, corn, Minneapolis, Kansas City and Chicago wheat futures.  The wheat complex continues tumble with Minneapolis ending up down for its ninth session in a row still needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle down since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC also settled again lower with making its worst low and close since May 2010 again.  Meanwhile, Chicago a new CONTRACT LOW AND CLOSE finally settling below 600 basis the July contract.  KC has resistance above 680 and its last major support undereath 600 which its rapidly approaching at this time.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year but now below its range roughly between 600 and 700 that I’ve been talking about which seems like forever!  It’s had lower tendencies May 2011.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions but I would guess there has been substantial liquidation lately.  Oats made its worst low and close in around three weeks.  There’s good support from 330 to 340 and below 320 which is the critical area to hold in my opinion.  Rice had its best high in 2 1/2 weeks before settling lower in reversal type action still looking toppy at this time.  Rice is in some resistance at this time with good support uner 1530 down to 1500 and again below 1480.  CORN HAD BEEN RANGE BOUND BETWEEN 590 AND 685, BASIS, THE JULY CONTRACT, SINCE THE BEGINING OF OCTOBER BUT NO MORE with its worst low and close since January finally giving me a SELL SIGNAL which I adimit was taking the conservative approach since corn has been falling since the middle of March in the July contract.  Also the new (Dec.) crop corn has been in a downtrend since last September.  There’s very good resistance overhead as seen below which is where the July contract stalled recently.  The bean complex also closed down making new recent lows and closes across the board.  Key prices to watch for me is the 140 and 135 areas.  Meal has some support under 240 and 380 which area my important price areas to keep an eye on.  Oil settled sharply lower now in a support area but I won’t give a sell signal for the long-term unless I see a close below 5100.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  BUY SIGNALS FOR OATS, ROUGH RICE, SOYBEANS AND SOYMEAL FUTURES.  SELL SIGNAL FOR CORN, MINNEAPOLIS, KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com

 

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Judy Crawford’s Grain futures Market Update (5/11)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

GRAIN FUTURES COMMENTS

JULY CORN:  Corn pretty much had a double bottom – until today.  The first part was formed with the low on Dec. 15.  The second part was formed on April 18.  That double bottom was taken out today when corn sold off to 585 1/2.  That double bottom was a crucial price level and could signal much lower prices.  Technically its last chance to stabilize will be around 570.  That is last year’s low.  If it cannot hold there, expect 500 corn.  On the weekly chart, corn failed the 100 day ma this week.  That is a first since it rallied over it in July 2010.  Needless to say, technically that is very damaging.  Bottom line, if corn can muster up a rally at all, it is a short.  Closed 587 1/2, down 19 3/4.

JULY MINI WHEAT:  It is struggling to hold 600.  According to the 40-year seasonal pattern, wheat often peaks in the first week of May and declines from there into the end of June.  If it takes out the 2011 low of 572, its next target is probably 545.  Today it made a new low at 595 but managed to close higher by 1 1/4 cent.  Watching closely to short.  Closed 601 1/4, up 1 1/4.

JULY MINI SOYBEANS:  The grain report today was constructive for beans.  Technically, before the report, they did damage when they violated the 20 day ma on the daily chart on Tuesday.  This current rally will be key to the beans.  If this rally fails to take out the current high, that will be signaling a top in the bean market.  Move stops from 1471 3/4 down to 1460 1/2.  Closed 1455 1/4, up 25.  Position:  Short 1478 (5.3).  Projection:  1400.

JULY SOYBEAN MEAL:  I lowered the stop last night and it was reached with a profit.  Today’s high 425.50.  Meal violated the 20 day ma on the daily chart yesterday but did manage to close over it.  Watching closely to short.  Closed 424.60, up 8.60.
Position:  Short 427.90 (5.3).  Exit 420.90 (5.10).  Profit $645 (-comm/fees).

JULY SOYBEAN OIL:  It triggered a sell yesterday and closed on a new low.  Obviously today’s rally is a response to the rally in the beans.  Currently the 200, 100 and the 10 day ma intersect between 54.00 and 54.13.  Plus 54.00 is price resistance.  I will move my stop from 53.98 up to 54.15 in response to that.   The 35-year seasonal pattern indicates that bean oil normally sets a peak in early May that caps the upside for the next couple of months. Closed 53.50, up .68.  Position:  Short 52.97 (5.9).  Projection:  50.00.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

 

 

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USDA Crop Report Quick View (5/10)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

 

For more info on the grains as well as customizable charts, quotes, news, commentary and more try a FREE no risk 30-day trial of Markethead.com.

 

 SOYBEANS/SOYBEAN MEAL/SOYBEAN OIL

-From DOW JONES NEWSWIRE by Andrew Johnson Jr.

  • “The U.S. Department of Agriculture estimated U.S. 2011-12 soybean ending
    stocks at 210 million bushels, down 40 million from its estimate in April. The
    USDA raised its export estimate by 25 million bushels and raised the crush by
    15 million.”
  • “The government lowered its estimate of 2011-12 world soybean ending stocks to
    53.2 million tons from 55.5 million in April. Brazil’s production was lowered
    by 1 million tons to 65 million, while Argentina was lowered by 2.5 million to
    42.5 million tons.”
  • “The USDA estimated U.S. 2012-13 soybean ending stocks at 145 million bushels,
    below the average analyst estimate of 170 million.”
  • “U.S. new crop end stocks of 145 million are supportive as it doesn’t leave a
    lot of wiggle room. Tighter beginning supplies for the 2012-13 crop year raise
    the need for a perfect growing season.”

 

 CORN

-From DOW JONES NEWSWIRE by Ian Berry

  • “The report projected 2011-12 ending stocks, or stockpiles left at the end of
    August, at 851 million bushels, up from an April estimate of 801 million
    bushels and shocking analysts who on average expected stockpiles of 758 million
    bushels. None of the 19 analysts surveyed by Dow Jones Newswires had expected
    an increase.”
  • “The USDA also projected 2012-13 ending stocks will balloon to 1.881 billion
    bushels, above the average analyst estimate of 1.704 billion.”
  • “The higher-than-expected estimates are due in large part to prospects for the
    2012 crop. The USDA said in its report that crop planting and emergence is
    early due to favorable weather. This means the harvest will start earlier than
    normal, and the USDA said end-users will have earlier access to 2012 supplies
    in August, before the end of the 2011-12 marketing year.”
  • “The USDA also projected a record crop, with a yield of 166 bushels per acre.”
  • “The report was a shock to traders because cash market prices have soared
    recently amid growing concern that some corn users may not be able to secure
    supplies this summer.

 

WHEAT

-From DOW JONES NEWSWIRE by Andrew Johnson Jr.

  • “Crop data issued by the U.S. Department of Agriculture are seen as negative
    for wheat prices because they project U.S. supplies are not threatening.”
  • “The USDA projects all wheat production at 2.245 billion bushels, above the
    1.999 billion produced in 2011. All winter wheat production was pegged at 1.694
    billion bushels, above the average analyst estimate surveyed by Dow Jones at
    1.634 billion.”
  • “U.S. hard red winter wheat is estimated at 1.032 billion bushels, up from 780
    million in 2011, and soft red winter wheat production was pegged at 428
    million.”
  • “The USDA projects U.S. wheat inventories as of May 31 at 768 million bushels,
    down from last month’s forecast. Inventories should then decline to 735 million
    in the new crop year, which ends May 31, 2013, according to government
    forecasters.”
  • “Global ending stocks for the 2011-12 crop year are estimated at 197 million
    metric tons, below the 206.3 million tons estimated last month.”
  • “Meanwhile, weekly wheat export sales totaled 550,500 metric tons, including
    221,600 metric tons for the current marketing year and 328,900 metric tons for
    the year starting June 1, according to the USDA. The sales were within trader
    expectations that ranged from 400,000 to 800,000 metric tons.”

 

What does this all mean? Ask a Zaner Group broker toll-free at (800) 621-1414 or direct at (312) 277-0050 or LiveChat.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

 

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

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Wheat futures issue a sell signal (5/09)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Wheat futures declined today (5/09) along with most of the grain complex reaching its lowest prices since December 2011.

This move lower for July wheat futures generates a sell signal on the daily chart.  Today’s sell signal comes after a King’s Cross counter-trend sell signal last week as wheat has dropped below its support on the daily chart.  On the weekly chart wheat has fallen below its support levels and also issued a sell signal last week.  So far this month wheat is showing a sell signal in May with its next support level around the 540 area.

The King’s Cross sell signals have been working better than the King’s Cross buy signals (daily chart) because the overall trend is down with wheat making lower highs and lower lows (SEE CHART).

Fortuitous weather conditions have helped to put pressure on the wheat market.  Keep in mind that the USDA Crop Production supply/demand reports are due out tomorrow morning.  Analysts predict world wheat production to increase almost 10% from last year.

Subscribe FREE to Larry Baer’s Daily Charts & Set-Ups Newsletter.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

View my thoughts on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Meat futures commentary (5/07)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

MEATS: 5/7/12  Higher closes last session for the feeder cattle while lower for live cattle and lean hog futures.  The June cattle contract made its best high in two weeks before settling lower in reversal type action after being up its daily 300 point limit on Thursday boucing off a good resistance area that goes up to 11750.  Cattle remains in a strong downtrend overall at this time.  The August feeder cattle contract followed through higher for its fifth session in a row also making higher highs and lows over the same period of time.  This was the feeders best close since the middle of March.  Also, closing over 158 looks pretty good in my opinion giving me a BUY SIGNAL.  Hogs made a new CONTRACT LOW AND CLOSE pretty much telling its story being the weakest of the meat complex and still having a GAP above at 9022 in the June hog contract which has been fading off in the distance so far.  The feeders (Aug.) have decent support form 15250 down to 15000.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  BUY SIGNAL FOR FEEDER CATTLE FUTURES.  SELL SIGNALS FOR LIVE CATTLE AND LEAN HOGS.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Soybean Meal futures gives a fresh buy signal (5/04)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Soybean meal futures rallied today (5/04) along with soybeans and corn.

This move higher for July soybean meal gives me a fresh buy signal on the daily chart.  On the daily chart soymeal continues to super-trend, which I define as a market that is trending above its 9-period simple moving average.  Today’s buy signal comes after a nice correction as soybean meal looks to continue to make new highs.  Soymeal is super-trending to the upside on both its weekly and monthly chart.  In my opinion, this nice retracement is a good place to buy.

Drought in Argentina and Brazil has cut soybean production adding support to soymeal prices.

Subscribe FREE to Larry Baer’s Daily Charts & Set-Ups Newsletter.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

View my thoughts on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Grain futures commentary (5/03)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

GRAINS: 5/3/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:00PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE.  I BELIEVE THIS WILL START ON SUNDAY EVENING MAY 13TH at 5:00PM SUNDAY ONLY.  MONDAY THROUGH THURSDAY REMAINS AT 6:00OM STARTING TIME. Lower to sharply lower closes yesterday for Minneapolis, Kansas City and Chicago wheat futures along with rough rice, corn, oats, soybeans, soymeal and soyoil futures again.  The wheat complex continues to fall overall with Minneapolis and KC making their lowest lows and closes since November and July 2010 respectively Chicago its worst close since September 14th, 2009!  In my opinion, based on its weekly chart, Minneapolis needs to hold the 700 area basis the July contract and after that little support down around the 600 area.  Also, there is strong resistance overhead from 800 to 850 on the weekly chart that could be difficult to overcome.  Minneapolis has been trending lower on a weekly chart since last November and its recent closes can’t be ignored especially when it settled below 775.  KC continues to fall unable to hold a support from 650 to 640.  Resistance is above 680.  Chicago has been making lower highs since early this year continuing to be range-bound roughly betweenb 600 and 700 but with definite lower tendencies also.  There is also strong resistance above 650 as seen below.  KC and Chicago should be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  I HEARD THE FUNDS ARE AT RECORD SHORT POSTIONS AT THIS TIME ALSO BUT NOT VERIFIED BY ME.  There still is talk around of planting beans following the wheat harvest.  This I will have to see!  Oats had its worst close in eight trading sessions but no changes technically that I can tell.  There’s good support from 330 to 340 and below 320 which is the critical area to hold in my opinion.  CORN REMAINS RANGE BOUND BETWEEN 590 AND 685, BASIS THE JULY CONTRACT, SINCE THE BEGINING OF OCTOBER no matter what the fundamental news has been.  Tremendous resistance lies overhead as seen below which is where the July contract stalled lately.  Today corn had a large range ending up sharply lower ending up in a support area that goes down to around 600.  The bean complex settled lower also with the beans and meal making new CONTRACT HIGHS before endup up down both making KEY REVERSALS while the oil had is worst close since March 27th not looking as dramatic since it’s been falling for a while.  Continuous bullish fundamental news for the beans has kept the bean complex in an uptrend since the middle of December.  The possiblity of more China buying along with the funamentals in South America should keep the beans strong although sharp corrections, like today, along the way wouldn’t be out of the ordinary since the funds are at or near record long positions and the public is bascially long in my opinion.  Meanwhile, oil lags behind but has strong support from 5600 down to 5400 basis the July contract.  However, the oil is now near the lower end of this range.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  BUY SIGNALS FOR OATS, ROUGH RICE, SOYBEANS, SOYMEAL AND SOYOIL FUTURES.  SELL SIGNAL FOR MINNEAPOLIS KANSAS CITY WHEAT.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com

 

 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Lean Hog futures show a sell signal (4/27)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Lean Hogs:  Lean hog futures (June contract) are showing a sell signal on the daily chart.

Subscribe FREE to Larry Baer’s Daily Charts & Set-Ups Newsletter.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

View my thoughs on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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