Currently viewing the tag: "Technical Analysis"

Morning Grains 11/25/14

On November 25, 2014 - 11:06 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 289,426 lots, or 12.56 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,472 4,505 4,450 4,502 4,488 4,482 -6 102,220 279,266 Mar-15 4,301 4,321 4,301 4,321 4,300 4,305 5 36 124 May-15 4,273 4,281 4,236 4,266 4,294 [...]

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Morning Softs 11/25/14

On November 25, 2014 - 10:06 AM By

COTTON General Comments: Futures closed lower as demand worries returned to the market. China might be forced to cut its interest rates again to help its economy, and remains a weak importer of Cotton this year in any case as it works to reduce its own government supplies. Thee is no sign that import demand [...]

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Traders and chart analyst were seeing another key reversal in the Fat Cattle market. I still have to stick with fundamentals in this market and realize there are many a ships at the bottom of the sea and they had charts to. The population of the Live Cattle hers is the lowest since the 1940’s [...]

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A Cut Above. The Energy Report 11/25/14

On November 25, 2014 - 7:54 AM By

While it appears that OPEC indeed is going to get a deal on a production cut already the markets are questioning whether it is going to be enough. The talk is that OPEC as a cartel is going to cut production by 1 million barrels a day at their meeting November 27th. Non-OPEC producer Russia, [...]

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Morning Grains 11/24/14

On November 24, 2014 - 9:56 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 312,588 lots, or 13.77 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,539 4,541 4,456 4,465 4,528 4,488 -40 171,752 282,434 Mar-15 4,301 4,308 4,300 4,308 4,313 4,300 -13 1,094 150 May-15 4,330 4,337 4,270 4,274 4,314 [...]

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Financials: Dec. Bonds are currently 11 lower at 141’21, 10 Yr. Notes 5 lower at 126’17 and 5 Yr. Notes2.7 lower at 119’18. On last Friday China lowered key interest rates by up to 40 basis points as Mario Draghi reiterated previous statements that the ECB will do whatever it takes to fight deflation. The [...]

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Morning Softs 11/24/14

On November 24, 2014 - 9:51 AM By

COTTON General Comments: Futures closed higher on news that the European Central Bank was once again moving towards a QE program to Support the European economy and that China could cut interest rates to Support its economy. Demand hopes prevailed, but charts show that Cotton futures remain in a short term trading range. Japan is [...]

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In the overnight electronic session the December Corn is currently trading at 370 ¼ which is 2 ½ cents lower. The trading range has been 372 ¾ to 370 ¼ so far. Today we have Weekly Crop Progress at 3 o’clock P.M. And do not expect to see many surprises on this report. On the [...]

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Cut or Not to Cut. The Energy Report 11/24/14

On November 24, 2014 - 7:55 AM By

To cut, or not to cut, that is the question—whether ’tis Nobler in the cartel to suffer the slings and pains of outrageously low oil prices  to try to undermine the U.S. shale oil producer or to cut production and risk losing market share forever. For oil this week it is all about OPEC and [...]

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Turkey week. DRY HEAT Report 11/24/14

On November 24, 2014 - 7:53 AM By

A short Thanksgiving week. No trading Thursday and most markets close at 12:00 – 12:45pm on Friday. I hope you all have a great Thanksgiving. Now the markets; Gold & Silver: Gold and silver still appear to be correcting. The biggest event on the horizon is the Swiss vote, on November 30th, that would require [...]

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As China steps up Quantitative Easing and our old friend Mario Draghi was quoted as saying the (ECB) European Central Bank is ready to “ step up the pressure” and expand their stimulus programs. This is a far cry from the U.S. banking crisis in 2008 when Super Mario said it was a U.S. problem [...]

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As OPEC is getting ready to meet next week in what will be their most important meeting in recent memory, it seems that global central bank actions may be doing some of the heavy lifting to support global oil demand expectations.  Not only do you have China pumping a reported 50 billion yuan or the [...]

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