What’s Up, What’s Down: Spotlight on Softs

Comments for March 29, 2011

Looking ahead to Tuesday by reflecting back on Monday’s trading

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors

SOFTS: 3/29/11 As of 8:20 am (Central) this morning, the SOFTS sector is down 1.24%, on a composite basis; with Cocoa being the weakest of the 6 futures contracts which comprise this sector. View my Futures HeatMap by clicking or typing this link into your browser: https://www.markethead.com/2.0

SUGAR:  Sugar settled lower also while making lower highs and lows since the beginning of February. Its next support is around 2600(May) and has strong resistance over 2800. Its trend remains lower overall. SELL SIGNAL. CALL FOR DETAILS!

001 chart

COTTON: Cotton settled down its 700 point limit but still has been making higher highs and lows since last November. A key price to watch in my opinion in 18500(May).  BUY SIGNAL. CALL FOR DETAILS! 

002 chart

COFFEE: Coffee settled lower still showing potential topping signs with the 25000(May) a critical area to hold if it doesn’t hold the 26000 area. Still I’m very close to a possible sell signal.  BUY SIGNAL.CALL FOR DETAILS!

003 chart

ORANGE JUICE: OJ had a large trading range but ending up only slightly higher(4th in a row). However, there is good resistance over 16500(May) and ot should work lower overall. SELL SIGNAL. CALL FOR DETAILS!

004 chart

 Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.