Technical Analysis Blog Posts

Oil prices are on the rise after China’s People’s Bank governor Zhou Xiaochuan tells the G-20 finance meeting that China still has more room and tools in its monetary policy to tackle the economic slowdown. This is ahead of the big G-20 where...

DJ U.S. Export Sales: Weekly Sales Totals-Feb 25 For the week ended Feb 18, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. To...

COTTON General Comments: Futures closed lower on follow through selling. The USDA Outlook conference starts today and the market fears bearish projections amid weaker demand overall and ideas of more production after production was stunted last year...

This morning at 7:30 A.M. we have Advanced Report on Durable Goods, Export Sales and Initial Jobless Claims. At 9:30 A.M. we thee weekly EIA Gas Storage and the Thomson Reuters poll of 22 analyst forecasting draws of anywhere from 126 to 162 bcf. Tom...

Oil prices sold off after the Energy Information Administration (EIA) reported that crude supply rose yet again but rallied on signs that output may be falling. The EIA reported that U.S. crude output fell to 9.1 million barrels a day against a backd...

Forex Market View for February 24, 2016 Risk Off Gold prices extended gains seen in Europe to hit a four-day high of $1238.37/Oz levels as the flight to safety gathered pace on signs the risk off has hit the US shores. The immediate resistance is see...

DJ USDA Cold Storage: Totals-Feb 23 WASHINGTON (Dow Jones)–U.S. stocks of pork bellies in freezers totaled 60.698 million pounds, in January, 13.7% above the previous month, and 13.4% above January 2015, the U.S. Department Agriculture said Tue...

COTTON General Comments: Futures closed lower on follow through selling tied to news of reduced imports from China and on the weaker US stock markets. China imported 41% less Cotton tan it did a year ago in January. Everyone knows they are buying les...

Forex Market View February 18, 2016 ECB Minutes ECB minutes showed that some members of the Governing Council consider that risks to economic outlook are on the downside and have increased since December. “Incoming information had confirmed that th...

Forex Market View for February 17, 2016 Industrial production Industrial production in the US grew by 0.9% in January from a month earlier, beating expectations of a 0.4% rise. Industrial production has increased by that much only three times in the...

Forex Market View for February 12, 2016 US Retail Sales The US commerce department data released today showed the sharp wage growth and lower fuel prices led to a rise in consumption as represented by the advance retail sales number in January. The h...

Forex Market View for February 8, 2016 Dow Futures Dow futures were down 200 points or 1.25%. The S&P 500 futures were down 23 points or 1.25% as well. Nasdaq futures were down 2%. Gold jumps 1.63% to fresh multi-month highs at 1176.80 last minut...

Forex Market View for January 29, 2016 US GDP U.S. economic growth slowed down sharply in the fourth quarter with economy growing 0.7 per cent, lower than expected 0.8 per cent growth rate and much lower than the 2 per cent growth pace seen in the th...

Forex Market View for January 22, 2016 Oil Prices Climb 9% US stocks rose sharply on Friday and posted the first weekly gain of 2016, as oil prices gained more than 9% while investors cheered up signs of further easing from the ECB and the BoJ. The D...

Forex Market View for January 21, 2016 ECB in Focus Draghi said they will possibly reconsider monetary policy stance at next meeting in early March as downside risks have increased again and added there are “no limits” on how far ECB is prepared...

Creating Expert Advisors Without Coding in MetaTrader 4 One of the biggest challenges for Forex Traders these days is dealing with the ability to automate their trading system. It can be challenging enough to work on developing and testing a Forex Tr...

WHEAT General Comments: Futures moved lower again yesterday on ideas of weaker world prices and weak demand for US Wheat. Prices could be showing that the short covering by the funds is about over. The speculative side of the market has been short Wh...

COTTON General Comments: Futures moved lower again in holiday market trading. Volumes are less due to the holidays. Indian and Pakistani trade sources continue to suggest that production losses this year will be at least 30% due to a poor monsoon. Th...

DJ USDA Cold Storage: Totals-Dec 22 WASHINGTON (Dow Jones)–U.S. stocks of pork bellies in freezers totaled 41.161 million pounds, in November, 130.6% above the previous month, and 14.7% above November 2014, the U.S. Department Agriculture said...