Bonds, Currencies, Commodities and Index Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Jimfutu28	11/23/2010 1:41:46 AM
	of 12410

The Softs Review For the week of November 22nd, 2010 Traders in the soft markets may be looking forward the market review for this week to see how cotton, coffee or other soft markets going in this special week. Just check out the analysis by Pitguru Jurgens H. Bauer to find out the answer for help! The previous week's crash from the highs was halted this past week when some outside help from the macro economic climate became a focus. The weakness returned however, leaving several key markets on the defensive as last week ended. Now with December Cotton approaching delivery (FND is on Tuesday), cotton charts suggest a Head and Shoulders top. If $1.20 is the right shoulder, then the possibility is for CTH to head to $1.00. Sugar values also returned to a defensive posture after a mid week bounce on short covering. If SBH fails to hold 25.5, then 23.5 is a real possibility. Both of those markets seem prepared for further pressure during this holiday shortened week. Coffee prices however, closed the week on a positive, leading some to feel that 19800 has the look of a double bottom and that the previous highs will be revisited. I tend to agree with coffee's positive look, and as a result will remain friendly towards coffee, at least until $204.00 gets taken out basis the March contract. Cocoa prices remains confined in a large range between 2700 and 3000. Perhaps that is the range that should be useful and played until it proves able to break out from it. With this week shortened by the Thanksgiving holiday and numerous traders away, I expect the potential for violent moves with thin trading conditions, and moderate option bids reflecting decay. Keep up with the commodity futures markets for a full understanding: pitguru.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next