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Home / Futures Blog / Swing Trader’s Insight Futures Watch List for December 19

Swing Trader’s Insight Futures Watch List for December 19

December 19, 2014 by Scott Hoffman

Markets are showing signs of stabilization as the crude oil market has improved (at least for the time being) and the Russian markets have calmed down. There isn’t an US data due today.

March EMini S&P Futures:  It’s a Taylor Trading Technique Sell Short day; watch 2062.75 (Thurs. high) and 2071.75 (contract high) as the reference prices.

March EMini Russell Futures:  TTT Sell Sho0rt day, 1192.20 is the reference price.

March T Bond Futures:  Taylor Trading Buy day. 145-13 is the Buy day reference price; the selloff held support at 143-02 (the 20 day EMA).  Watch the Fibonacci retracement level at 143-24 as a pivot point for the rally.

March Euro:  TTT Buy day. 1.2275 is the Buy day reference price; I would also consider buying a move above the session high at 1.2307.

March Cocoa:  Watch the 10 Dec. high of 2960 as a pivot point today- a break under that level could lead to a corrective selloff.

March Sugar:  Sell Short day. Yesterday’s rally stopped against old high resistance at 15.02; a break below Fib support at 14.84 could lead to a retest of the contract low at 14.62.

Feb. Natural Gas:  TTT Sell Short day; holding below 3.612 should keep the pressure on.

Jan. Soybeans:  TTT Sell Short day. There’s a Fib level at 1027-4; a drop back under there should lead to a selloff.

March Wheat:  Sell Short day; the 625 area is the next downside target. I’ll likely be interested in buying a break.

March Corn:  Another TTT Sell Short day; Wednesday’s low at 403-4 is the next downside target. As with wheat, I’ll likely be interested in buying a break.

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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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