Softs Futures Update
News & commentary on Softs Futures markets including Cotton #2, Orange Juice, Coffee, Sugar #11, Cocoa, Lumber & more.
Recent Posts
- WILL LUMBER AND COFFEE TURNAROUND? (6/18/2013)
- WILL LUMBER AND COFFEE TURNAROUND? (6/18/2013)
- WILL LUMBER AND COFFEE TURNAROUND? (6/18/2013)
- Coffee show fresh sell signals 06/18 (6/18/2013)
- WILL LUMBER AND COFFEE TURNAROUND? (6/18/2013)
- WILL LUMBER AND COFFEE TURNAROUND? (6/18/2013)
- Coffee show fresh sell signals 06/12 (6/17/2013)
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Soft Futures Update
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.
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WILL LUMBER AND COFFEE TURNAROUND?
Posted on 6/18/2013 3:03:47 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
LUMBER: HOUSING STARTS & PERMITS. Lumber had it second worst close of this latest move down. Lumber has some resistance overhead around 310 and not much else. Below has liitle support which sets up lumber for a violent future in at least the near term, Lumber had gone from a bull to a bear market overnight back in March and hasn't looked back since, at least until possibly. All of this has been happening in a increase in home buying due to a shortage on the market for sale at this time. Now let's keep an eye on open interest which has narrowing decreased lately. SELL 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 dropped shharply for its third session in a row taking back its previous eight day rally in just three pusing aside its support below 2350 down to around the 2300 area like it wasn't even there. More support starts around 2200(its last low) and goes down to the 2150 level. Cocoa started trending higher at the beginning of March but so far is just a large retracment rally since its been in a bear markegt starting back in 2011. SELL SIGNAL FOR COCOA. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
SUGAR: Sugar followed through higher after its sharp rally on Friday but really hasn't changed anything technically so far continuing to look very bearish overall trading around 2010 prices. There really isn't much resistance until the 1750 area that goes to just below 1800. Sugar's latest downtrend started over a year ago and I would need to, at least, see a close over 1800 to begin a possible long term turnaround followed by a close over 2000 which is at the beginning of another resistance area off of a weekly chart! Good resistance starts around 1750 and actually and goes up to the 2000 area. 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 settled lower and is at an area where a decent size correction wouldn't be a surprise. Closing over 8800 last week was very bullish in my opinion and also set up strong support below 8800 and 8600. Long term holding the 8000 area seems imperative to me. I now am changing my sell to a BUY SIGNAL but don't buy in its present area. Wait for a correction around the 8600 area or look for something else to trade that has less risk. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to
COFFEE: Coffee made a new CONTRACT LOW CLOSE which has been seemingly automatic from one of the most b bearish markets Arpil 2011. I don't see any decent resistance until the 12700 area and then near 14000!. SELL SIGNAL. CALL FOR DETAILS! For additional chcarts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
ORANGE JUICE: OJ settled lower this time but is still in a strong bull market although we recently witnessed the failure of what looks like bull triangle. However, there's a strong looking support area from 145 down to 140 just below. OJ has been in an uptrend since the freeze news came out while it continues to hold a rally started at the beginning of the year. BUY SIGNAL. CALL FOR DETAILS!
WILL LUMBER AND COFFEE TURNAROUND?
Posted on 6/18/2013 2:31:20 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
LUMBER: HOUSING STARTS & PERMITS. Lumber had it second worst close of this latest move down. Lumber has some resistance overhead around 310 and not much else. Below has liitle support which sets up lumber for a violent future in at least the near term, Lumber had gone from a bull to a bear market overnight back in March and hasn't looked back since, at least until possibly. All of this has been happening in a increase in home buying due to a shortage on the market for sale at this time. Now let's keep an eye on open interest which has narrowing decreased lately. SELL 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 dropped shharply for its third session in a row taking back its previous eight day rally in just three pusing aside its support below 2350 down to around the 2300 area like it wasn't even there. More support starts around 2200(its last low) and goes down to the 2150 level. Cocoa started trending higher at the beginning of March but so far is just a large retracment rally since its been in a bear markegt starting back in 2011. SELL SIGNAL FOR COCOA. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
SUGAR: Sugar followed through higher after its sharp rally on Friday but really hasn't changed anything technically so far continuing to look very bearish overall trading around 2010 prices. There really isn't much resistance until the 1750 area that goes to just below 1800. Sugar's latest downtrend started over a year ago and I would need to, at least, see a close over 1800 to begin a possible long term turnaround followed by a close over 2000 which is at the beginning of another resistance area off of a weekly chart! Good resistance starts around 1750 and actually and goes up to the 2000 area. 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 settled lower and is at an area where a decent size correction wouldn't be a surprise. Closing over 8800 last week was very bullish in my opinion and also set up strong support below 8800 and 8600. Long term holding the 8000 area seems imperative to me. I now am changing my sell to a BUY SIGNAL but don't buy in its present area. Wait for a correction around the 8600 area or look for something else to trade that has less risk. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to
COFFEE: Coffee made a new CONTRACT LOW CLOSE which has been seemingly automatic from one of the most b bearish markets Arpil 2011. I don't see any decent resistance until the 12700 area and then near 14000!. SELL SIGNAL. CALL FOR DETAILS! For additional chcarts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
ORANGE JUICE: OJ settled lower this time but is still in a strong bull market although we recently witnessed the failure of what looks like bull triangle. However, there's a strong looking support area from 145 down to 140 just below. OJ has been in an uptrend since the freeze news came out while it continues to hold a rally started at the beginning of the year. BUY SIGNAL. CALL FOR DETAILS!
WILL LUMBER AND COFFEE TURNAROUND?
Posted on 6/18/2013 2:31:07 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
LUMBER: HOUSING STARTS & PERMITS. Lumber had it second worst close of this latest move down. Lumber has some resistance overhead around 310 and not much else. Below has liitle support which sets up lumber for a violent future in at least the near term, Lumber had gone from a bull to a bear market overnight back in March and hasn't looked back since, at least until possibly. All of this has been happening in a increase in home buying due to a shortage on the market for sale at this time. Now let's keep an eye on open interest which has narrowing decreased lately. SELL 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 dropped shharply for its third session in a row taking back its previous eight day rally in just three pusing aside its support below 2350 down to around the 2300 area like it wasn't even there. More support starts around 2200(its last low) and goes down to the 2150 level. Cocoa started trending higher at the beginning of March but so far is just a large retracment rally since its been in a bear markegt starting back in 2011. SELL SIGNAL FOR COCOA. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
SUGAR: Sugar followed through higher after its sharp rally on Friday but really hasn't changed anything technically so far continuing to look very bearish overall trading around 2010 prices. There really isn't much resistance until the 1750 area that goes to just below 1800. Sugar's latest downtrend started over a year ago and I would need to, at least, see a close over 1800 to begin a possible long term turnaround followed by a close over 2000 which is at the beginning of another resistance area off of a weekly chart! Good resistance starts around 1750 and actually and goes up to the 2000 area. 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 settled lower and is at an area where a decent size correction wouldn't be a surprise. Closing over 8800 last week was very bullish in my opinion and also set up strong support below 8800 and 8600. Long term holding the 8000 area seems imperative to me. I now am changing my sell to a BUY SIGNAL but don't buy in its present area. Wait for a correction around the 8600 area or look for something else to trade that has less risk. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to
COFFEE: Coffee made a new CONTRACT LOW CLOSE which has been seemingly automatic from one of the most b bearish markets Arpil 2011. I don't see any decent resistance until the 12700 area and then near 14000!. SELL SIGNAL. CALL FOR DETAILS! For additional chcarts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
ORANGE JUICE: OJ settled lower this time but is still in a strong bull market although we recently witnessed the failure of what looks like bull triangle. However, there's a strong looking support area from 145 down to 140 just below. OJ has been in an uptrend since the freeze news came out while it continues to hold a rally started at the beginning of the year. BUY SIGNAL. CALL FOR DETAILS!
Coffee show fresh sell signals 06/18
Posted on 6/18/2013 1:36:18 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
WILL LUMBER AND COFFEE TURNAROUND?
Posted on 6/18/2013 1:27:35 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
LUMBER: HOUSING STARTS & PERMITS. Lumber had it second worst close of this latest move down. Lumber has some resistance overhead around 310 and not much else. Below has liitle support which sets up lumber for a violent future in at least the near term, Lumber had gone from a bull to a bear market overnight back in March and hasn't looked back since, at least until possibly. All of this has been happening in a increase in home buying due to a shortage on the market for sale at this time. Now let's keep an eye on open interest which has narrowing decreased lately. SELL 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 dropped shharply for its third session in a row taking back its previous eight day rally in just three pusing aside its support below 2350 down to around the 2300 area like it wasn't even there. More support starts around 2200(its last low) and goes down to the 2150 level. Cocoa started trending higher at the beginning of March but so far is just a large retracment rally since its been in a bear markegt starting back in 2011. SELL SIGNAL FOR COCOA. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
SUGAR: Sugar followed through higher after its sharp rally on Friday but really hasn't changed anything technically so far continuing to look very bearish overall trading around 2010 prices. There really isn't much resistance until the 1750 area that goes to just below 1800. Sugar's latest downtrend started over a year ago and I would need to, at least, see a close over 1800 to begin a possible long term turnaround followed by a close over 2000 which is at the beginning of another resistance area off of a weekly chart! Good resistance starts around 1750 and actually and goes up to the 2000 area. 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 settled lower and is at an area where a decent size correction wouldn't be a surprise. Closing over 8800 last week was very bullish in my opinion and also set up strong support below 8800 and 8600. Long term holding the 8000 area seems imperative to me. I now am changing my sell to a BUY SIGNAL but don't buy in its present area. Wait for a correction around the 8600 area or look for something else to trade that has less risk. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to
COFFEE: Coffee made a new CONTRACT LOW CLOSE which has been seemingly automatic from one of the most b bearish markets Arpil 2011. I don't see any decent resistance until the 12700 area and then near 14000!. SELL SIGNAL. CALL FOR DETAILS! For additional chcarts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
ORANGE JUICE: OJ settled lower this time but is still in a strong bull market although we recently witnessed the failure of what looks like bull triangle. However, there's a strong looking support area from 145 down to 140 just below. OJ has been in an uptrend since the freeze news came out while it continues to hold a rally started at the beginning of the year. BUY SIGNAL. CALL FOR DETAILS!
WILL LUMBER AND COFFEE TURNAROUND?
Posted on 6/18/2013 7:43:17 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
LUMBER: HOUSING STARTS & PERMITS. Lumber had it second worst close of this latest move down. Lumber has some resistance overhead around 310 and not much else. Below has liitle support which sets up lumber for a violent future in at least the near term, Lumber had gone from a bull to a bear market overnight back in March and hasn't looked back since, at least until possibly. All of this has been happening in a increase in home buying due to a shortage on the market for sale at this time. Now let's keep an eye on open interest which has narrowing decreased lately. SELL 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 dropped shharply for its third session in a row taking back its previous eight day rally in just three pusing aside its support below 2350 down to around the 2300 area like it wasn't even there. More support starts around 2200(its last low) and goes down to the 2150 level. Cocoa started trending higher at the beginning of March but so far is just a large retracment rally since its been in a bear markegt starting back in 2011. SELL SIGNAL FOR COCOA. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
SUGAR: Sugar followed through higher after its sharp rally on Friday but really hasn't changed anything technically so far continuing to look very bearish overall trading around 2010 prices. There really isn't much resistance until the 1750 area that goes to just below 1800. Sugar's latest downtrend started over a year ago and I would need to, at least, see a close over 1800 to begin a possible long term turnaround followed by a close over 2000 which is at the beginning of another resistance area off of a weekly chart! Good resistance starts around 1750 and actually and goes up to the 2000 area. 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 settled lower and is at an area where a decent size correction wouldn't be a surprise. Closing over 8800 last week was very bullish in my opinion and also set up strong support below 8800 and 8600. Long term holding the 8000 area seems imperative to me. I now am changing my sell to a BUY SIGNAL but don't buy in its present area. Wait for a correction around the 8600 area or look for something else to trade that has less risk. BUY SIGNAL. CALL FOR DETAILS! For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to
COFFEE: Coffee made a new CONTRACT LOW CLOSE which has been seemingly automatic from one of the most b bearish markets Arpil 2011. I don't see any decent resistance until the 12700 area and then near 14000!. SELL SIGNAL. CALL FOR DETAILS! For additional chcarts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.
ORANGE JUICE: OJ settled lower this time but is still in a strong bull market although we recently witnessed the failure of what looks like bull triangle. However, there's a strong looking support area from 145 down to 140 just below. OJ has been in an uptrend since the freeze news came out while it continues to hold a rally started at the beginning of the year. BUY SIGNAL. CALL FOR DETAILS!