Softs Futures Update

News & commentary on Softs Futures markets including Cotton #2, Orange Juice, Coffee, Sugar #11, Cocoa, Lumber & more.

Softs Futures Update is a blog dedicated to bringing updates, news and commentary on softs futures markets including Cotton #2, Orange Juice, Coffee, Sugar #11, Cocoa, Lumber and more.

This blog is brought to you by Zaner Group, one of America's oldest family-owned and operated futures and forex brokers.  Zaner provides a wide range of services from research and recommendations to the execution of all your futures needs.

We invite you to join the thousands of other Zaner clients that have enjoyed our services.  Click here to learn how to open an account with Zaner.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss.  These recommendations are a solicitation for entering into derivatives transactions.  All known news and events have already been factored into the price of the underlying derivatives discussed.  From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.


03/24/2015 Sugar sell signal

Posted on 3/25/2015 1:21:06 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

 


COTTON ATTEMPTING A TREND CHANGE?

Posted on 3/19/2015 2:17:14 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.

COTTON ATTEMPTING A TREND CHANGE?  Technically it is sure trying. Cotton peaked in March 2011 to start a bear market that finally stopped in June 2012 or so it appeared.  It attempted to bottom at that time and even established a minor uptrend until March 2014.  Cotton then failed and has sold off since until early this year.  This time is stopped in support going back further than 2005 at the 60.00 level. It has held that level since.  More than once it would sell off under that level only to quickly recover. It tested that support again this month and held. 

On the weekly chart it rallied over both the 20 & 10 ma in mid February.  Getting over those averages normally suggests an attempt at a trend change on the part of a market. Cotton even sold off, tested those averages last week as well as this week and held. That is the first time the market has been above both of those averages in over a year. 

An attempt at a trend change is also being suggested on the daily chart. After a rally lasting a month, it finally corrected and tested the 60.00 support and held. As of yesterday it took off again and is now back over the 100 dma on that chart. That is very positive. As it stands now both the weekly and daily charts could be setting up potential 1,2,3 bottom formations as well.  If there is follow through, the projection for this potential wave up is 68.50.

Since cotton peaked in March in 2011 and then again in March 2014, would it be fitting for cotton now to be making a bottom in March as well?  Time will tell.


NO UPDATE TODAY

Posted on 3/18/2015 6:08:06 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber settled lower but is still holding its breakout from a possible head and shoulders bottomr while also being in a good support area. A close over 340 could confirm that lumber has bottomed out. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

COCOA: Cocoa settled higher still in a downtrend as shown on its chart below but basing since the middle of November. Holding the 2800 area seems imperative  while a close over 2950 again while taking out 2960 could change the complexion of this commodity.SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

SUGAR:  Another NEW CONTRACT LOW AND CLOSE tells us all we need to know for now except its nearest good looking resistance area starts above 1550.  SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to market head.Com.

 

COTTON: Cotton has had a mild upward bias since the middle of November but still looks bearish since early May. Long term the trend is obviously down but use 5850 and 6050 for your parameters in the short term for now. Good resistance starts around 6150 while not much support remains below. SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to market head.com.

 

COFFEE: Coffee settled lower looking pretty weak since topping out in the middle of October. Coffee, in my opinion, really needed to hold the180 area. SELL SIGNAL. CALL FOR DETAILS! 

 

 

ORANGE JUICE: OJ had its worst close in three weeks still bullish but now having some resistance overhead. settled higher after making its worst low in over a week and wile having some reistance just overhead. BUYSIGNAL. CALL FOR DETAILS!

 

 


NO UPDATE TODAY

Posted on 3/11/2015 6:33:03 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber settled lower but is still holding its breakout from a possible head and shoulders bottomr while also being in a good support area. A close over 340 could confirm that lumber has bottomed out. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

COCOA: Cocoa settled higher still in a downtrend as shown on its chart below but basing since the middle of November. Holding the 2800 area seems imperative  while a close over 2950 again while taking out 2960 could change the complexion of this commodity.SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

SUGAR:  Another NEW CONTRACT LOW AND CLOSE tells us all we need to know for now except its nearest good looking resistance area starts above 1550.  SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to market head.Com.

 

COTTON: Cotton has had a mild upward bias since the middle of November but still looks bearish since early May. Long term the trend is obviously down but use 5850 and 6050 for your parameters in the short term for now. Good resistance starts around 6150 while not much support remains below. SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to market head.com.

 

COFFEE: Coffee settled lower looking pretty weak since topping out in the middle of October. Coffee, in my opinion, really needed to hold the180 area. SELL SIGNAL. CALL FOR DETAILS! 

 

 

ORANGE JUICE: OJ had its worst close in three weeks still bullish but now having some resistance overhead. settled higher after making its worst low in over a week and wile having some reistance just overhead. BUYSIGNAL. CALL FOR DETAILS!

 

 


02/17/2015 Coffee has a sell signal

Posted on 2/19/2015 1:19:17 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

 


NO UPDATE TODAY

Posted on 2/18/2015 6:24:34 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber settled lower but is still holding its breakout from a possible head and shoulders bottomr while also being in a good support area. A close over 340 could confirm that lumber has bottomed out. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

COCOA: Cocoa settled higher still in a downtrend as shown on its chart below but basing since the middle of November. Holding the 2800 area seems imperative  while a close over 2950 again while taking out 2960 could change the complexion of this commodity.SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

SUGAR:  Another NEW CONTRACT LOW AND CLOSE tells us all we need to know for now except its nearest good looking resistance area starts above 1550.  SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more, sign-up for a FREE 30-day trial to market head.Com.

 

COTTON: Cotton has had a mild upward bias since the middle of November but still looks bearish since early May. Long term the trend is obviously down but use 5850 and 6050 for your parameters in the short term for now. Good resistance starts around 6150 while not much support remains below. SELL SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to market head.com.

 

COFFEE: Coffee settled lower looking pretty weak since topping out in the middle of October. Coffee, in my opinion, really needed to hold the180 area. SELL SIGNAL. CALL FOR DETAILS! 

 

 

ORANGE JUICE: OJ had its worst close in three weeks still bullish but now having some resistance overhead. settled higher after making its worst low in over a week and wile having some reistance just overhead. BUYSIGNAL. CALL FOR DETAILS!

 

 


Older posts

Recent Posts

Other Markets

Soft Futures Update

Digg!