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.

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Posted on 10/30/2014 6:34:35 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber plunged again making its worst low and close since the middle of June. There's little support below while its nearest resistance resides above 332 basis the January contract. What else do you need to know about this commodity that's not for novices! 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 had its worst low since the middle of May before rallying to settle higher in reversal type action. This is a toppy looking market that needs to hold the 2900 area to avoid a possible long term sell signal to go along with my already short term one. 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:  Sugar settled higher again but remains bearish overall.  For now I still need a close over 1700 again and finally over 1800 to verify a buy signal. 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 made its best high and close since the middle of September back in a resistance area where it stalled out nearly three weeks ago. I need to see a close over 6600 basis the December contract to get a possible buy signal. This is a difficult market to trade at its present level in my opinion. Better options await you. 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 still above its support (below 188). I continue  preferring to stand aside for now although its long term buy signal is still in tact..

 

ORANGE JUICE: OJ closed higher in very narrow trading still looks very bearish overall while unable, so far, to muster much of a rally..SELL SIGNAL. CALL FOR DETAILS!

 


10/14 Sugar buy signal

Posted on 10/29/2014 1:27:52 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

 


NO UPDATE TODAY

Posted on 10/29/2014 7:35:34 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber settled sharply lower making its worst low and close since June 19thwhen there really wasn't much trading up to that time anyway. I have no choice but to give a SELL SIGNAL now but why trade this ridiculous commodity anyway unless your are in the business and a hedger. Just an opinion on my part helped by past experience trading this market. 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 fell for it third session and gave me a SELL SIGNAL on Monday breaking out of a bear pennant when I didn't write my comments.  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:  Sugar settled higher but remains bearish overall. and losing some steam during its retracement rally.. For now I still need a close over 1700 again and finally over 1800 to verify a buy signal. 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 made its best close in two weeks now in a decent resistance areas looking for a close over 6566 to get a possible buy signal. 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 higher still above its support (below 188). prefer to stand aside for now although its long term buy signal is still in tact..

 

ORANGE JUICE: OJ closed higher and while its possible bear pennant has been ruined, still looks very bearish overall..SELL SIGNAL. CALL FOR DETAILS!

 


10/14 Sugar buy signal

Posted on 10/28/2014 1:22:59 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

 


NO UPDATE TODAY

Posted on 10/28/2014 7:54:53 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

LUMBER:  Lumber settled down for its eight session out of its last ten after stalling in a minor resistance area and, more importantly, not taking out August's high.  I will continue to stand aside until I see what happens although lumber is now in a support area.. Still, the weekly charts shows a downtrend with bottoming type action along with being unable to penetrate a strong looking resistance area.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

COCOA: Cocoa settled slightly higher in what looks like a BEAR PENNANT while attempting to bottom at the same time. Watch 3040 and 3240 for direction and stand aside or trade these parameters for now. For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

SU

SUGAR:  Sugar settled higher but remains bearish overall and losing some steam during its retracement rally.. For now I still need a close over 1700 again and finally over 1800 to verify a buy signal. 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 down for its fifth session in a row now at the upper end of a support area.. Cotton has been moving lower since peaking in the middle of September. 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 fell for its fourth session in a role remaining as volatile as always! I missed a short term sell signal and prefer to stand aside for now although its long term buy signal is still in tact..

ORANGE JUICE: OJ its second worst close since November 2013 and seems to be in a BEAR PENNANT which doesn't normally happen at this time of the year. I guess the market is talking the forcast of a warmer winter than normal seriously. Also, there's not much in the way of support below but has good resistance starting around 14200.SELL SIGNAL. CALL FOR DETAILS!

 


10/14 Sugar buy signal

Posted on 10/27/2014 1:22:25 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

 


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