Coffee futures had a breakout setup for Monday. It ended up having a smaller range on Monday and it was a doji bar as well so the breakout setup carried over to Tuesday. The result was a big range move today. Coffee is one of my favorite markets for breakout trades so on Monday… Read more.
Archives for January 2017
The Trump administration wasted no time in working to talk down the US Dollar. Numerous officials (Mnuchin, Scaramucci, Pence) have all commented that the strong US Dollar hurts US competitiveness in global markets. In an interview with the Wall Street Journal, President Trump said “our currency is too strong. And it’s killing us.” Additionally the… Read more.
On Thursday afternoon 1/26, we pinpointed getting SHORT this market if we broke below the 151.00 area (view that video if needed) “Nothing like a Coffee trade on a Friday!”
Cash sales closed the week mostly 122$ in Texas and 194$ dressed in the North.
Good morning friends Corn (H17) 358’+ +1’0 Soybeans (H17) 1025’4 +2’6 Chi Wheat (H17) 414’6 +’4 KC Wheat (H17) 425 ‘0 -‘6 Cotton (H17) 74.49 +.39 CBOT markets are steady following sharp declines yesterday, led by the soy complex. ICE cotton markets are slightly higher as well after a reversal pattern was seen on… Read more.
It figures that just when it appeared as if positive equity market action and significant weakness in US Treasuries were about to confirm growth in the US economy, the US economic numbers turned sour.
The eMini S&P futures had two conflicting setups today. As is always the case, the market is the boss; we let the market decide which way it wants to go and we look to go with the trend. Last Thursday the March eMini S&P made a contract high. The daily bar had breakout setup patterns… Read more.
One week ago today, we pinpointed getting SHORT this market if we broke below 344.0 (check Monday the 23rd VIDEO if you want to revisit the audio snippet)
If you got involved in this Formation Finder opportunity, great job!
Good morning friends Corn (H17) 358’4 -4’0 Soybeans (H17) 1036’0 -13’2 Chi Wheat (H17) 416’2 -4’2 KC Wheat (H17) 430’2 -4’0 Cotton (H17) 74.54 -.31 CBOT markets are weak in the overnight as new positions get adjusted after option expiration last Friday. Cotton markets are slightly weaker as the rest of… Read more.
NEW PODCAST | Inside Commodity Futures is now the Turner’s Take podcast. Click on the link below to go to the Turner’s Take Podcast page. Once there please click on the play arrow below the podcast post to play episode. If you have an iPhone or Android phone you can subscribe to Turner’s Take podcasts… Read more.