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Home / Futures Blog / Swing Trader’s Insight Futures Watch List for September 25

Swing Trader’s Insight Futures Watch List for September 25

September 25, 2014 by Scott Hoffman

In comments published in a Lithuanian newspaper, ECB President Draghi told the Lithuanian business newspaper Verslo Zinios that the Eurozone recovery “seems to have lost momentum recently” and that “clear risks” to growth include heightened geopolitical tensions and insufficient structural reforms. He also the ECB stands ready to use “additional unconventional instruments” to further address the risk of a prolonged period of low inflation. This put renewed pressure on the Euro and boosted EU stock markets, which are coming to the idea that the selloff in the Euro will boost European exports. US economic data was mixed; jobless claims rose less than expected while August durable goods orders (a volatile data series) fell by less than expected. The weekly EIA natural gas storage report is due at 9:30 AM CT; expectations are for an injection of 95 bcf last week.

Dec. eMini S&P Futures:  It’s a Taylor Trading Technique Sell day; this suggests we should anticipate a two sided trade today. The Sell day objective is 1992.50 with overnight double bottom support at the session low of 1986.75.

Dec. eMini Russell Futures:  Another Taylor Trading Technique Sell day; a break under moving average support at 1120.60 (overnight low) could extend a selloff.

Dec. T Bond Futures:  TTT Buy day, so we should look for a rally. Wednesday was an inside day- will a move above the Wednesday high of 137-18 start an upside breakout move? 137-30 would be the first rally objective. There’s a TTT buy day / breakout setup combination in the 10 year T Note futures as well.

Dec. Yen:  There have been three consecutive doji days- look to short it on a break below last week’s low of 9143.

Dec. Euro:  It’s a “cover breakout sales” day so a TTT Buy day is anticipated- did last night’s selloff exhaust the short side?  Watch the last overnight high of 1.2743 as a Buy day reference price; use a stop under the last session low at 1.2715.

Dec. British Pound:  It’s a TTT Buy day however yesterday’s inside day gave a downside breakout first. Now I would look to be long above 1.6316; clearing Fibonacci retracement resistance at 1.6334 could extend a rally.

Dec. Gold:  It sold off out of a breakout setup; watch 1208.80 (Monday low) as a pivot point for another extension of the selloff.

Dec. Silver:  There’s an overnight double bottom at 1739.5; if that’s breaks the next stop would be 1732.5 (Monday low).

Nov. Crude Oil:  TTT Sell Short day. 93.29 is the reference price and there’s trend line resistance at 93.48. I would view a break as a buying opportunity.

Nov. Natural Gas:  TTT Sell day; look for a potential breakout move after the 9:30 AM EIA NG storage report.

Dec. Lean Hogs: There was an overnight selloff out of a breakout setup; watch the Fib level at 93.60 as a pivot point for a selloff.

Dec. Wheat:  Sell Short day- sell a break below the overnight low of 476-2?

Dec. Corn:  Sell day; look to sell a test of broken support at 335-6 if the rally can continue.

 

Swing Trader's Insight Essential Reference Guide Cover

Essential Guide for Futures Swing Trading

In this guide, experienced trader and broker Scott Hoffman explains the trading methods he uses to analyze and trade the futures markets and to publish his trade advisory, Swing Trader’s Insight.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Swing Trader's Insight

About Scott Hoffman

Scott graduated from the University of Chicago in 1986 with a degree in Economics. After graduation, Scott worked on the floor of the Chicago Mercantile Exchange then moved upstairs, serving as the personal broker to a former chairman of the Chicago Board of Trade. There, he worked as a broker and margin manager, starting up the firm’s full service brokerage division.

Today, Scott serves as an educator and mentor for new traders, and as a trading partner and ally for experienced traders. The breadth and depth of Scott’s knowledge make him the “go to guy” for both retail and institutional traders.

Scott also publishes two futures advisories, Swing Trader’s Insight and Trade or Fade. He also writes the futures trading blog at www.futuresinsightblog.com. Scott has written articles for a number of futures publications and has done numerous futures trading seminars, including seminars for both the CBOT and CME.

Scott offers his customers the knowledge he has gained from his more than 25 years of experience in the futures business. Scott is accepting new clients at this time.

Scott lives in suburban Chicago with his wife and three children. In his free time he enjoys coaching his children’s sports and various other athletic activities.

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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