• Free Webinars
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / eminis / Commentary / What’s Up, What’s Down: Spotlight on the Softs Sector

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

November 18, 2010 by Rick Alexander

Comments for Thursday, November 18, 2010

Looking Ahead to Today by Reflecting Back at Wednesday’s Price Action

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:

LUMBER

Lumber made its lowest low since the middle of October before settling higher in reversal type action. I’m barely holding on to my buy signal since lumber is forming a potential top and is in a critical area (260/Jan. contract) to hold. BUY SIGNAL. CALL FOR DETAILS!

Lumber Chart

COCOA

Cocoa closed sharply higher this time but still hasn’t been trending since the latter part of September. A key price area to hold is 2750 basis the March contract. Meanwhile, I’m continuing to standing aside.

Cocoa Chart

SUGAR

Sugar settled slightly higher consolidating over the last few trading sessions but looking toppy in a bull trending market. Since there is resistance over 2800 basis the March contract and I will continue to stand aside for now.

Sugar Chart

COTTON

Cotton settled lower for the 6th trading session in a row including when it made a key reversal on the 10th of November. Now cotton is in a small support area still bullish but forming a possible top at this time. However. The long-term trend is still very bullish overall. BUY SIGNAL. CALL FOR DETAILS!

Cotton Chart

COFFEE

Coffee settled higher after making its worst low in over two weeks. Coffee continues to hold a support area so far and still in a strong uptrend overall but now is forming a possible top. The 200 basis the December contract is a critical area to hold even with good support underneath and around 194 basis the December contract. BUY SIGNAL. CALL FOR DETAILS.

Coffee Chart

ORANGE JUICE

OJ made its lowest low and close in over three weeks. Settled higher this time following through from Friday’s reversal type action. There is good support below below 15000 basis the January contract. OJ still looks like it’s in a large BULL TRIANGLE but I’m continuing to stand aside at this time.

Orange Juice Chart

Special Note for Cotton Traders: The daily price limit for Thursday, November 18, reverts to 5 cents.

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.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

With 80% winning ETF trades in the model portfolio from October 2008 – you too can realize this level of success with Larry Connors’ Daily Battle Plan.

Filed Under: Commentary, Recent Tagged With: commodities, commodity trading news, eminis and futures, futures and commodities, futures and options, market analysis, market direction, softs, stock market prices

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in