Daniels Trading commodity futures broker Craig Turner discusses the stock market rally and why tax cuts and S&P earnings could be fueling the move. We also talk about expectations for corn and soybean stocks for new crop when the WASDE is released in June. Turner’s Take Ag Marketing has been trading Cattle and Hogs and… Read more.
The Trade Spotlight service provides trading education while identifying commodity trading opportunities from chart formation breakouts with confirmation from key technical indicators.There is a bear futures spread trade opportunity using Live Cattle contracts.
In this morning’s watch list for Swing Trader’s Insight I suggested we look to short June crude oil futures on a break below the Wednesday low of 50.50. Crude consolidated after Wednesday’s big selloff; the resulting breakout setup gave a good opportunity this morning. It’s been a rough week for commodities as money has poured… Read more.
There is a trade opportunity based on a trend line breakout today in the Silver futures market. Looking to trade the mini contract for reduced risk and margin.
Good morning friends! Corn (K17) 356’4 -2’6 Soybeans (K17) 955’6 -5’5 Chi Wheat (K17) 399’6 -2’6 KC Wheat (K17) 401’4 -‘4 Cotton (Z17) 74.75 -.21 Overnight price action at the CBOT is seeing lows from last week pressured as the delivery for May approaches. Deliveries on May futures need to be posted by Thursday’s… Read more.
In last night’s Swing Trader’s Insight, my comment in the eMini S&P futures was “exit breakout buys, (Taylor Trading) Buy day. Although we didn’t get a standard Taylor entry this morning, an alternative entry yielded a good day. Stocks had two weak days to begin the week. Monday was a bearish day, closing in the… Read more.
June Lean Hogs…SOO-WEE!!! Action needed to be taken….were you ready?
Something about this 99.50 level, the US Dollar likes…
Daniels Trading commodity futures broker Craig Turner discusses US housing starts and permits, the rally in the GBP, and why Gold and US Treasuries made new high closes. We also look into the sorry state of the grain markets and why we think Cattle and Hogs could reverse sooner rather than later. What to know… Read more.
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