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

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From: Jimfutu2811/29/2010 10:39:13 PM
   of 12410
 
The Softs Review
For the week of November 29th, 2010

Hi all, glad to see you guys again. How was your Thanksgiving? I bet you had a great time with friends and relatives.Also hope that you had a great trading week. New week comes, now just be back with the Soft market to see what Pitguru Jurgens H. Bauer notes for you in the new trading week!

This is a time of year when traders might best be apt to look to a winding down of the year’s activity and for prices to consolidate. And while this may prove true for some markets, with fund managers no longer actively chasing values, the macro picture still seems to have the attention of investors this past month. This has been especially true with the dollar moving up contrary to calls for its demise due to Fed action and the QE2. So with that in mind look for the soft markets to remain on the defensive, but be aware that price spikes are still possible.

Cotton is still very much in demand, but prices have been all over the place this past month. I think between now and year's end we'll learn what value to place on it. As the year comes to an end Coffee has typically shown a strong seasonal tendency to move higher during this next month, which can be seen on this chart.
seasonalcharts.com I still tend to favor coffee from the long side, just know that sharp and swift moves can knock you out of positions. Sugar is the one market most apt to consolidate, but in a fairly wide range, the key will be if the range between 25.5 or 30 cents gets broken. As for cocoa, I still feel there is merit to the 2750-2950 range continuing.

For more support in your investment, keep up with the daily futures prices including changes in Softs and other related market prices! Plan your work! commoditiesfuturetrading.com
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