Rick Alexander’s Softs futures commentary (5/18)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/18/12

LUMBER:  Lumber futures have rebounded nicely so far from its Wednesday’s housing reports to settle higher this time.  The fact remains it’s still in a critical resistance area that goes up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Looking at the chart below one can also say thay lumber is in a potential bottoming formation and/or a BULL TRIANGLE.  Stay tuned!  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAIL AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COCOA:  Cocoa futures settled lower still looking like it’s retracement rally is over while possibly forming a rounding top which is one of the reversal formations that I have had little success with and is still in a strong looking resistance area that goes from 2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart.  However, it has been retracing higher since early April and has been attempting to break out of its trading range over the last week or so.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  Sugar futures settled higher for its fourth session in a row and is attempting to form a bottom but I would like to first see a close over 2100 before I would begin to see a potential turnaround.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

COTTON:  Cotton futures made its worst low and cose August 2010 looking very bearish but way oversold!  However, there’s tremendous resistance above 8800 in a very strong down-trending market.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

COFFEE:  Coffee futures made its best close since May 5th but we’ve seen this type of action before all the way down!  There’s, good resistance from 180 up to 190 (hasn’t settled over since March 8th) and it’s downtrend is obviouly one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last one and a half months really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

ORANGE JUICE:  O.J. futures made a new CONTRACT LOW AND CLOSE and has been falling since the beginning of February.  Its as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Cotton #2 futures show a fresh sell signal (5/16)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Larry Baer, senior broker at Zaner Group.

Cotton #2 futures declined today (5/16) following two sessions of modest gains.

This move lower for July cotton #2 futures gives me a fresh sell signal on the daily chart.  Today’s sell signal on the daily chart comes after a two trading session pause in the cotton’s downwards move and there is little support below.  On the weekly chart the trend is down and cotton gave a sell signal two weeks ago.  So far this month cotton is showing a sell signal for the month of May and there is some support around the 72 level.

Subscribe FREE to Larry Baer’s Daily Charts & Set-Ups Newsletter.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

 

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

View my thoughs on other markets at Larry Baer’s Options & Futures Trading Strategies.

Futures, options and 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.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/16)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/16/12

LUMBER:  HOUSING STARTS & PERMITS. Lumber futures made its best close in seven trading sessions settling slightly higher ahead of the housing reports.  The fact remains it’s still in a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Looking at the chart below one can also say thay lumber is in a potential bottoming formation.  Stay tuned!  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAIL AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COCOA:  Cocoa futures settled higher but no changes technically that I can see.  Cocoa may be forming a rounding top which is one of the reversal formations that I have had  little success with and is still in a strong looking resistance area that goes from 2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart. However, it has been retracing higher since early April and has been attempting to break out of its trading range over the last week or so. SELL SIGNAL. CALL FOR DETAILS!

SUGAR:  Sugar futures ran up over 40 ticks before settling back down to end up 13 ticks higher.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COTTON:  Cotton futures followed through slighlty higher this time but tremendous resistance above 8800 in a very strong down-trending market.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures settled slightly higher but near its session’s lows.  There’s, however, good resistance from 180 up to 190 (hasn’t settled over since March 8th) and it’s downtrend is obviouly one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last month really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

ORANGE JUICE:  O.J. futures made a new CONTRACT LOW AND CLOSE and has been falling since the beginning of February.  Its as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Judy Crawford’s Softs futures Market Update (5/16)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

SOFTS FUTURES COMMENTS

JULY COTTON:  It formed an inside day yesterday on the daily chart and triggered a buy today.  It is in support long term but the monthly chart triggered a sell this month.  On the weekly chart it has failed the 200 day ma and 20 day ma that intersect around 90.00.  What the charts are suggesting is that there could be more rally but cotton technically has a lot going against it now since it failed to hold that consolidation it was forming for months.  That is now major resistance and this rally could be an opportunity to short.  Closed 79.16, up .34.

JULY ORANGE JUICE:  An outside day yesterday triggered a sell today and OJ took out the recent low formed on May 8 at 112.30.  Long term it continues to be negative and the next major support is down at 100.00.  Closed 114.00, down 2.60.

JULY COFFEE:  It triggered a buy today and rallied to 181.60.  It then sold off and held at the 20 day ma.  Keep stops at 175.55.  Closed 178.40, up .45.  Position:  Long 180.20 (5.15).  Projection:  185.00.

JULY COCOA:  I keep trying to buy it and guess what!  I’ll try again tomorrow.  See Trade Alert for details.  Closed 22.68, up 7.  Trade Alert:  Buy July cocoa. Buy 23.07 stop. Protective stop 22.33. Potential projection 25.00. (Potential risk $740. Potential reward $1350). Margin: $1930.
Reasons for the Trade:
1. On the monthly chart cocoa is back over the 100 day ma.
2. On the monthly chart cocoa has rallied over the major downtrend formed since the March 2011 high this month – suggesting a trend change from down to up.
3. The weekly chart triggered a buy last week.
4. On the weekly chart cocoa appears to be forming a second wave up since the mid Dec. low.
5.  On the weekly chart cocoa is over both the major downtrend formed since the Feb. 2011 high and the 20 day ma.
5. On the daily chart a buy would put cocoa over both the 100 and 20 day ma.  That would be positive.
6. On the daily chart cocoa could be starting a second wave up since the early January low.
7. On the daily chart cocoa has a previous buy signal that is still intact.
8.  Today was an inside day that an trigger a signal and market direction.

JULY SUGAR:  It is attempting to consolidate again but getting over 20.70 is an issue.  It has been attempting to hold 20.00.  That is long term support but with the monthly triggering a sell last month, I question how long it will hold.  Also taking into consideration that on the weekly chart, sugar violated the 200 day ma two weeks ago isn’t exactly a case for higher prices near term.  Just watching.  Closed 20.40, up .13.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/15)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/15/12

LUMBER:  Lumber futures made its best high in seven trading sessions before closing lower in reversal type action.  The fact remains it’s still in a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Looking at the chart below one can also say that lumber is in a potential bottoming formation.  Stay tuned!  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

COCOA:  Cocoa futures had its worst low and close in around two weeks and may be forming a rounding top which is one of the reversal formations that I have little success with.  Cocoa is still in a strong looking resistance area that goes from 2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart.  However, it has been retracing higher since early April and has been attempting to break out of its trading range over the last week or so.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  Sugar futures made its worst low sinceclose since December 2010 before rallying to settle higher in reversal type action.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COTTON:  Cotton futures followed through slighlty lower from its its limit down action last Thursday which is also its eight session in a row to end of down.  It’s also cotton’s worst close since August 2010.  There is now tremendous resistance above 8800 as seen below.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures settled higher and did rally to close near its session’s highs.  There is, however, good resistance from 180 up to 190 (hasn’t settled over since March 8th).  It’s downtrend is obvious being one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last month really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

ORANGE JUICE:  O.J. futures made a new CONTRACT LOW CLOSE ending its little higher closing streak at three!  O.J. has been falling since the beginning of February and is as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL Ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/14)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/14/12

LUMBER:  Lumber futures closed higher again with its best high and close in five trading sessions.  Although lumber had a strong close and a decent size trading range, the fact remains it’s still in a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Looking at the chart below one can also say thay lumber is in a potential bottoming formation.  Stay tuned!  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAIL AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

COCOA:  Cocoa futures closed down this time and may be forming a rounding top which is one of the reversal formations that I have little success with.  Cocoa is still in a strong looking resistance area that goes from 2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart.  However, it has been retracing higher since early April and has been attempting to break out of its trading range over the last week or so.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  Sugar futures made its worst close since around December 2010.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

COTTON:  Cotton futures followed through lower from its its limit down action on Thursday to its worst low and close ended up down its 400 point daily limit making its worst low and close since August 2010.  Cotton also has been making lower highs and lows for eight consecutive trading sessions.  There is now tremendous resistance above 8800 as seen below.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures settled lower and has good resistance from 175 up to 190 (hasn’t settled over since March 8th).  It’s downtrend is obvious being one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last month really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

 

ORANGE JUICE:  O.J. futures settled higher for its third session in a row which almost seems like a miracle after what its been doing since the beginning of Febraury.  O.J. is as bearish a looking market as you can find! Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/11)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/11/12

LUMBER:  Lumber closed higher but no changes technically that I can see while unable to get through, at least so far, a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Lumber is now back below that resistance I just mentioned above.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COCOA:  Cocoa futures closed higher again with no changes technically that I can see.  Cocoa is still in a strong looking resistance area that goes from  2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart.  However, it has been retracing higher since early April and has been attempting to break out of its trading rannge over the last week or so.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  Sugar futures followed through higher from Wednesday’s reversal type action but did sell off to close just slightly up.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COTTON:  Cotton futures ended up down its 400 point daily limit making its worst low and close since October 2010!  Cotton also has been making lower highs and lows for seven consecutive trading sessions.  There is now tremendous resistance above 8800 as seen below.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures settled higher again but has good resistance from 175 up to 190(hasn’t settled over since March 8th).  It’s downtrend is obvious being one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last couple of weeks really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

ORANGE JUICE:  O.J. futures settled higher again which hasn’t happend much lately but no changes technically at this time.  O.J. is as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Judy Crawford’s Softs futures Market Update (5/11)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Judy Crawford, senior broker at Zaner Group.

SOFTS FUTURES COMMENTS

JULY COTTON:  It collapsed today and closed down limit.  In my last report I pointed out that the potential projection for the current wave down was 85.00.  That was a bit off!  Today it made a low at 81.82!!!  I also pointed out that the long term charts were changing and what I thought might be consolidation for a bottom may not be the case.  The weekly had violated the 200 day ma and that seems to have triggered further sell-off.  Cotton has not taken out last year’s low as of today.  That is not good.  Long term it now looks headed for 72.00.  Closed 81.82, down 4.00.

JULY ORANGE JUICE:  It has been consolidating after making a new low on Tuesday.  This consolidation could trigger a near term rally.  That rally should be an opportunity to short.  Long term the weekly has violated the 200 day ma and the 125.00 support.  On the monthly it has now violated the 100 day ma.  The next target is 100.00.  Closed 120.90, up 3.50.

JULY COFFEE:  Despite the pressure in many markets of late, coffee continues to try to bottom.  It made a new market low yesterday but could not follow through.  Today it rallied and closed above the 20 day ma for the fourth time.  Will it hold this time?  Is the selling exhausted?  Watching closely.  Closed 178.65, up 3.60.

JULY COCOA:  I keep trying to buy cocoa.  I will try again tomorrow.  See Trade Alert for details.  Closed 23.38, up 4.  Trade Alert: Buy July cocoa.  Buy 23.65 stop.  Protective stop 22.83.  Potential projection 25.00.  (Potential risk $820.  Potential reward $1350).  Margin:  $1375.

Reasons for the Trade:

1.  On the monthly chart cocoa is back over the 100 day ma.

2.  On the monthly chart cocoa has rallied over the major downtrend formed since the March 2011 high this month – suggesting a trend change from down to up.

3.  The weekly chart is triggering a preliminary buy this week.

4.  On the weekly chart cocoa appears to be forming a second wave up since the mid Dec. low.

5.  On the daily chart cocoa continues to hold the 100 day ma on sell-offs.  That is positive.

6.  On the daily chart cocoa could be starting a second wave up since the early January low.

7.  The sell signal was negated today.  Normally when a signal is negated that quickly, it continues in the new direction.

JULY SUGAR:  It closed below 20.40.  That is under the May 2011 low and suggests a further decline to under 20.00.  The May 7 bounce high of 21.17 is near-term resistance for the market. This is because it was the highest price traded at in the first five trading days of May. For the last ten years, July sugar has made its high or low for the entire month of May within the first five trading days.  The long term charts are suggesting further decline too.  Sugar has violated the 200 day ma on the weekly chart.  The monthly chart triggered a sell last month.  Watching closely to short.  Closed 20.45, up .07.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/10)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/10/12

LUMBER:  Lumber futures had its worst close in 2 1/2 weeks while unable to get through, at least so far, a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Lumber is now back below that resistance I just mentioned above.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COCOA:  Cocoa futures closed slightly higher with no changes technically that I can see.  Cocoa is still in a strong looking resistance area that goes from 2300 to the 2450 level and has been trending lower since February 2011 overall on the weekly chart.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  Sugar futures made its worst since late December 2010 again but settled higher in reversal type action.  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COTTON:  Cotton futures had its worst low and close since the middle of December again making lower highs and lows for six consecutive trading sessions.  There is now tremendous resistance above 8800 as seen below.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures had its worst low and close since September 2010 before rallying to settle higher in reversal type action but has good resistance from 175 up to 190(hasn’t settled over since March 8th).  It’s downtrend is obvious being one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last couple of weeks really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

`

ORANGE JUICE:  O.J. futures settled slightly higher which changes nothing technically at this time.  O.J. is as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off

Rick Alexander’s Softs futures commentary (5/09)

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

By: Rick Alexander, senior broker at Zaner Group.

SOFTS: 5/9/12

LUMBER:  Lumber futures had a large range ending up lower again ending its bull triangle which I construe as pretty bearish.  Also, lumber coudn’t get through, at least so far, get throug a critical resistance area that goest up to 295 (heaviest from 280 to 290) and now is looking down at support below 275 down to the 265 area.  Still, lumber remains in a critical resistance area that goes up to 295 with the heaviest  from 280 to 290.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  BUY SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COCOA:  Cocoa futures closed down thist ime while still in a strong looking resistance area that goes from 2300 to the 2450 level.  Also, cocoa has been trending lower since February 2011 overall on the weekly chart.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

SUGAR:  This time sugar futures made its worst low and close since late December 2010!  There’s strong resistance above 2250 up to 2350 basis the July contract while looking very bearish dropping since March.  However, that means the room for a retracement rally is substantial.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@Zaner.com!

COTTON:  Cotton futures had its worst low and close since the middle of December.  There is now tremendous resistance above 8800 as seen below.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

COFFEE:  Coffee futures settled slightly higher but has good resistance from 175 up to 190 (hasn’t settled over since March 8th).  It’s downtrend is obvious being one of the most bearish of all commodites that has been falling since the beginning of September.  At least it’s been consolidating over the last couple of weeks not making new lows but really needing to hold the 17500 area.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

ORANGE JUICE:  O.J. futures made another new CONTRACT LOW AND CLOSE.  O.J. is as bearish a looking market as you can find!  Looking at the chart below shows a strong bear market since January.  For additional customizable charts, commentary, news and quotes visit Markethead.com.  SELL SIGNAL.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and 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.

 

 

 

 

Posted in Market Updates | Tagged , , , , , , , , , , , , , , , , | Comments Off