Tactical Breakout In Soybean Meal Underway
In the Soybean Meal market, commercial hedgers are maintaining their largest net long position in history.
This, combined with public sentiment sitting near multi-year lows...
Crude Oil Price Support And Resistance Pivots For This Week
WTI Crude Oil has now rallied around 40% since bouncing off the 1st Yearly Support Pivot Point last month. If you missed it, I...
Coffee Futures Update: Big Rally Coming If Lows Hold
If you follow coffee futures, you know that it has been a frustrating year. Rallies have been stifled and price has fallen in a...
Gold Rally Update: Be Careful With The Yellow Metal Here
Early this year, I postured that 2016 could see some mean reversion in the beaten and downtrodden stocks and sectors. Well, that has happened...
Stock Market Futures Firm As Traders Take In Jobs Report
The outlook for stock market futures is a bit uncertain today as it is likely to be affected by the jobs report, as well...
S&P 500 Futures Consolidating Near Important Price Level
A rising wedge developed overnight in S&P 500 futures trading. A test of support below is likely – targeting the 1968.5 to 1964.5 zone.
If S&P...
Stock Market Futures Mixed After Big Rally
Wednesday morning is seeing mixed action across stock market futures after Tuesday's big rally. Yesterday’s price action was unique in the near term as...
Big Market Reversals Happen At Yearly Pivots (Chart Review)
A few months ago I wrote an article here on how yearly pivots tend track the major market reversals each year. So far in...
S&P 500 Futures Rally Higher Into Thick Resistance
The S&P 500 futures chart has rallied nicely into resistance as expected. However, the S&P 500 futures rally has occurred with little market interruption...
Gold vs The Dollar: Can Precious Metals Regain Their Luster?
Over the last 30-years, a lot has happened in the battle between Gold prices and the US Dollar. As you can see in the...
