Currently viewing the tag: "Technical Analysis"

Morning Softs. 08/30/16

On August 30, 2016 - 9:53 AM By

COTTON
General Comments: Cotton futures closed lower as the weather forecasts called for generally good conditions for the crops. The System affecting Florida now and later this week should miss most Cotton areas in the Delta and Southeast. Texas is getting just enough rain now to maintain crop condition. USDA showed improvement in its […]

Continue Reading

Financials: Dec. Bonds are currently 4 lower at 170’17, 10 Yr. Notes 1 lower at 130’30.5, 5 Yr. Notes 1 lower at 121’07 and June 2017 Eurodollars unchanged at 98.970. Recent comments by the Fed, FOMC minutes and Chairwoman Yellen’s comments from Jackson Hole, have been interpreted as somewhat hawkish. By this I mean the […]

Continue Reading

The active storm season in the Atlantic is posing another threat to the U.S. southern energy hub that deals with movement of Crude Oil and Natural Gas. The critical area that has investors’ attention is the Henry Hub in Earth, Louisiana to the Houston Shipping Channel and pipelines in Galveston. This tricky storm is located […]

Continue Reading

The National Hurricane Center says that tropical depression number nine is expected to strengthen soon but is already impacting oil and gas production. The Bureau of Safety and Environmental Enforcement (BSEE) says that tropical depression number 9 in the Gulf of Mexico is causing precautionary shut downs of offshore oil and gas operations that is […]

Continue Reading

Morning Grains. 08/29/16

On August 29, 2016 - 10:39 AM By

WHEAT
General Comments: Wheat closed lower on follow through selling. Worries about demand hurt futures, but much of the selling came from speculators looking at chart patterns and deciding to sell. That means that the current down move might be a very good chance to buy and extend coverage. US demand has not been […]

Continue Reading

Morning Softs. 08/29/16

On August 29, 2016 - 9:45 AM By

COTTON
General Comments: Cotton futures closed little changed on Friday as the market waited for some news. US weather conditions remain variable. The market will be watching a storm that is now tropical in nature and could move up the west coast of Florida and into production areas in the Southeast. It could bring […]

Continue Reading

With Katrina’s devastation still fresh in our minds this 11th year anniversary we have an active hurricane season already in both the Atlantic and Pacific oceans. The Coast Guard and Navy are watching Tropical Depression Nine which is entering the Gulf of Mexico moving west at 8 knots. This could bring Natural Gas players back […]

Continue Reading

Crude oil traders not only have to grapple with the aftermath of Janet Yellen but also with more storms that could impact both supply and demand. This comes after hedge funds, who started the month with a record short position, have now turn around into a record long position. While tropical wave 99L had well […]

Continue Reading

As we watch a tropical wave that is spinning in the Caribbean with forecasters pegging this storm to reach hurricane strength and hit Florida and soak the already flooded south. We will get a better education in today’s trading session with several weather modules are tracking the storms movement very closely. In the overnight electronic […]

Continue Reading

Oil and natural gas will be looking to deal, not only with watching the weather but also watching Janet Yellen in Jackson Hole, Wyoming. This as the market saw movements from the Saudi Oil Minister and trying to measure the risk of fallout from increasing tensions with the U.S. and Iranian military. Let’s talk storm […]

Continue Reading

Morning Grains 8/25/16

On August 25, 2016 - 10:30 AM By

DJ U.S. Export Sales: Weekly Sales Totals-Aug 25
For the week ended Aug 18, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and barley […]

Continue Reading

Morning Softs 8/25/16

On August 25, 2016 - 9:53 AM By

COTTON
General Comments: Cotton futures closed lower as the market waited for new US economic news. US weather conditions remain variable. Demand ideas remain firm. Crops in the southern and western Great Plains are still facing stressful conditions even as the stress could be easing. Crops in the Delta and Southeast are in better […]

Continue Reading