Currently viewing the tag: "Technical Analysis"

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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Morning Grains 11/20/14

On November 20, 2014 - 10:14 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 193,580 lots, or 8.44 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,521 4,530 4,495 4,524 4,521 4,517 -4 59,950 280,244 Mar-15 4,300 4,319 4,300 4,309 4,332 4,301 -31 312 1,100 May-15 4,221 4,314 4,221 4,304 4,295 [...]

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Morning Softs 11/20/14

On November 20, 2014 - 10:10 AM By

COTTON General Comments: Futures closed lower. Trends remain down overall due to a stronger US Dollar and on fears of world economic growth. Japan is back in a recession, and the EU is having trouble getting its house in order to promote growth. Harvest progress remains good, and producers are selling. There will be no [...]

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Fed Steam Ahead. The Energy Report 11/20/14

On November 20, 2014 - 10:06 AM By

The global economy is not the Feds problem, Oil prices railed into the Federal Open Market Committee (FOMC) minutes on concerns that the FED might be worried about the potential pitfalls of them exiting unconventional monetary policy while the rest of the global economy struggles. Yet oil then sold off as the FOMC clearly believes [...]

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As our fearless leaders decision once again bypass Congress and his minions and take his ball and bat and call for yet another Executive Order. Yes this lame duck president is at it again calling ISIS a Junior Varsity (J-V) team and as well saying the Russians threat of the 1980’s is past history. Of [...]

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Morning Grains 11/19/14

On November 19, 2014 - 10:00 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 161,218 lots, or 7.08 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,515 4,538 4,510 4,522 4,519 4,521 2 67,782 284,298 Mar-15 4,301 4,365 4,301 4,333 4,355 4,332 -23 26 1,280 May-15 4,306 4,315 4,283 4,290 4,310 [...]

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Morning Softs 11/19/14

On November 19, 2014 - 9:48 AM By

COTTON General Comments: Futures closed higher on a short covering rally, but trends remain down overall due to a stronger US Dollar and on fears of world economic growth. Japan is back in a recession, and the EU is having trouble getting its house in order to promote growth. Trends turned down with the price [...]

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Financials: Dec. Bonds are currently 9 lower at 141’13, 10 Yr. Notes 5.5 lower at 126’15 and the 5 Yr. Note 3.7 lower at 119’14.5. Continued worry about deflation has kept these markets in a tight range. Continue to treat Bonds as a trading affair between 140’08 and 142’28. Housing starts and FOMC minutes later [...]

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In the overnight electronic session the December Corn is currently trading at 369 ¾ which is 2 ¼ cents lower. The trading range has been 372 to 368 ¼ so far. This market looks to be in sell rally mode.   On the Ethanol front the December contract is currently trading at 2.071 which is [...]

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The Keystone vote failed to pass the Senate so President Obama is again free to not make a decision. The President has not made a decision on the Keystone pipeline proposal that has been waiting for an answer since 2008. Before I thought it was for political purposes but now I think it is because [...]

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Morning Grains 11/18/14

On November 19, 2014 - 8:27 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 216,144 lots, or 9.53 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,531 4,553 4,505 4,526 4,520 4,519 -1 99,960 285,536 Mar-15 4,354 4,360 4,305 4,348 4,305 4,355 50 164 1,280 May-15 4,335 4,344 4,294 4,318 4,331 [...]

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