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.
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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