If this flat bottom triangle doesn’t hold….
FRESH PODCAST ALERT | Click here to check out our new Inside Commodity Futures podcast. I talk about the Federal Reserve, Crude Oil, Natural Gas, Soybeans, Corn, Wheat, Live Cattle and Natural Gas. If you want to be notified when Inside Commodity Futures is release please subscribe via iTunes or Android in the links below.… Read more.
I have been waiting for this market to break out of the congestion one way or the other to jump onboard for the past week. Today might be a sign that the upside is the direction it wants to go. So let’s do this!!!
Look closely: This will be the 2nd time we see a big bullish candle followed by a bearish candle and another gap lower bearish candle. Do we break lower this time?
This is a sample entry from Kirk Donsbach’s newsletter, The Cattleman’s Advisory, published on October 18, 2016. Weekly Cattle Commentary 10/14/2016 Cash sales this week ranged from 94$ to 99$. Dressed prices looked to be 153 to 155$. Basis appears to be between even and 1$ over October futures. The week ending Oct 1st showed… Read more.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
4.00 level holds!
I like this set-up in the Crude Oil market.
This is a sample entry from Kirk Donsbach’s newsletter, The Cattleman’s Advisory, published on October 11, 2016. Weekly Cattle Commentary 10/7/2016 Cash sales this week ranged from 102$ to 103.5$. Dressed prices Friday look to be 158 to 160$. Basis appears to be between even and 1$ over October futures. The week ending Sept 24th… Read more.
FRESH PODCAST ALERT | Hot off the presses is my latest Inside Commodity Futures podcast. In this episode we talk about the selloff in Gold, Silver, and Treasuries and how the most recent comments about interest rate hikes by two Fed Presidents kicked it all off. We also talk about the crude rally and why… Read more.