News & commentary on Softs Futures markets including Cotton #2, Orange Juice, Coffee, Sugar #11, Cocoa, Lumber & more.
Home | About | All Posts
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.
Posted on 3/5/2015 1:28:30 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
Posted on 2/19/2015 1:19:17 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
Posted on 2/18/2015 6:24:43 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!
Posted on 2/18/2015 6:24:34 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Posted on 2/12/2015 2:31:58 PM by: Judy Crawford, Market Strategist @ Zaner. 312-277-0133.
COTTON POISED FOR A MOVE? For the first time since June of last year cotton has rallied and closed over the 100 dma on the daily chart. Technically that is significant not only because of the time frame involved since it last traded over that average but because such an accomplish normally suggests a more extended rally. To see what else that technically suggests this potential and how to participate:
Buy May cotton. Buy 62.93 stop. Protective stop 61.86. Potential projection 66.11 gap. (Potential risk $535. Potential reward $1590). Margin: $1320.Reasons for the Trade:1. On the monthly chart it continues to hold the 60.00 support area.2. On the weekly chart cotton rallied over the 10 ma last week and has rallied over the 20 ma this week for the first time since it failed it in May 2014. Technically that can suggest an attempt at a trend change.3. The daily chart has a previous buy signal.4. On the daily chart cotton rallied and closed over the 100 dma on Monday with continues followed through. That is the first time since it failed it in May 2014.5. On the daily chart today’s selloff held at the 10 dma. That average is now above the 20 dma which is characteristic of an uptrend.
Posted on 2/11/2015 6:19:04 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Markets: Softs, CME Group (CME), ICE Exchange (ICE), Cotton #2 (CT), Orange Juice (OJ), Coffee (KC), Sugar #11 (SB), Sugar #16 (SD), Cocoa (CC), Lumber (LS).
Futures, options and off-exchange retail foreign currency ("forex") trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. Past performance is not necessarily indicative of future results.