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Futures-trading

Daily Soybean Market Update (6.14.22)Soybeans Fundamentals: Yesterday's weekly crop progress report showed the U.S. soybean crop is 88% planted, 70% emerged, and a Good/Excellent rating of 70%. There were no major surprises here. Yesterday's weekly export inspections report came in at 605,129 metric tons, well above the 365,455 last week and 141,320 we saw in the same week last year. Technicals: Soybean futures broke through support from 1720-1728, this will now act as resistance. A close back above here opens the door for a potential run back at the contract highs and above. There is some trendline support from May 17th-June 7th that is holding well over the past 24 hours. A break and close below here could spark a drop back below $17.00. Bias: Neutral/Bearish Previous Session Bias: Neutral/Bearish Resistance: 1757 ½-1760**, 1775 ½-1784** Pivot: 1720-1728 Support: 1690**, 1673-1679 ½*** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZSN2022
by OliverSloup_BlueLine
Daily Corn Market Update: Fundamental/Techncial Analysis 6.14.22Corn Fundamentals: Yesterday’s weekly Crop Progress report showed corn is 97% planted, 88% emerged, and Good/Excellent conditions at 72%. All within the range of expectations. Yesterday’s weekly export inspections came in at 1,199,976. This was also within the range of expectations. Dr. Cordonnier increased Brazilian corn production by 3mmt to 110mmt. The USDA is at 116mmt, we believe the market is pricing in somewhere in the middle of those two estimates. Technicals (July): July corn futures were lower yesterday, but finished off the lows, closing right near our pivot pocket, 769-773 ½. We are seeing some of yesterday’s weakness spill over into the overnight/early morning session following yesterday afternoon’s crop progress report. Technical levels remain largely intact. Resistance remains intact from 789 ½-790 ½. A continued failure to reclaim ground above here would mark a lower high, which would keep the door open for a potential lower low and a drop back to the 100-day moving average, 726 ½. The inflection point for a bigger drop would be a break and close below 747-753. Bias: Neutral/Bearish Previous Session Bias: Neutral/Bearish Resistance: 789 ½-790 ½**, 800-803 ¾**, 809-810 ¼*** Pivot: 769-773 ½ Support: 747-753****, 720-726 ½**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZCN2022
by OliverSloup_BlueLine
Daily Wheat Market Update (6.14.22)Wheat Technicals (July): More of the same for wheat, as we continue to trade in a range, albeit a wide range. Wheat futures continue to chop around from about 1030 on the low end and 1100 on the high end. A breakout or breakdown from these levels could pop or drop the market 50 cents relatively quickly. Our bias is Neutral at the moment, but we would be looking to be lean bearish at higher levels. When we say higher levels, we are talking about a retracement of the May 31st breakdown point near 1150. Bias: Neutral Previous Session Bias: Neutral Resistance: 1142 ¾-1150***, 1200-1205 ¼** Pivot: 1095-1102 Support: 1027 ¼-1034 ¼**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT:ZWN2022
by OliverSloup_BlueLine
Live Cattle Fundamental and Technical UpdateMonday’s Slaughter is estimated at 125,000. Unchanged from last week, but 8,000 more than the same week last year. Monday’s Cutout Values Choice: 270.54, Down .78 from the previous day. Select: 247.45, Down 1.44 from the previous day. Choice/Select Spread: 23.09 5 Area Average Cattle Price Live Steer: 140.14 Live Heifer: 138.35 Dressed Steer: 226.03 Dressed Heifer: 225.95 Live Cattle Technicals (August): August live cattle got taken to the woodshed yesterday, along with nearly every other market out there as a risk-off sentiment fed on itself ahead of this week’s Federal Reserve meeting where the chances of a .75 rate hike went from 25% to 94% over the span of one trading session. As painful as yesterday may have been, it prices in the bearishness that comes with a more rapid rate increase and leaves room for outside markets to rally if the Fed only comes in with a .50 hike. If the Fed hiked rates a full point, that would obviously be another story. Needless to say, outside market money flow and sentiment will be a key catalyst through tomorrow’s Fed meeting. Resistance: 136.025-136.625***, 137.90-137.95**, 138.75**, 140.275** Pivot: 135.10-135.475 Support: 134.40-135.10***, 132.45-132.775**, 129.975-130.725**** Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CME:LEQ2022
by OliverSloup_BlueLine
Natural Gas (NATGASUSD): Time to Grow AGAIN?! 💨 This morning with my students we discussed a great buying opportunity on Natural Gas. The market dropped to key daily structure support. On that, the price formed a tiny double bottom formation on 1H time frame. Taking into consideration that the market is trading in a sharp bullish trend, it can be a very nice confirmation to buy the market. Goals: 6.825 7.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
NLong
by VasilyTrader
21
GOLD (XAUUSD): Ultimate Technical Outlook For Next Week 🥇 Hey traders, As I previously predicted, Gold nicely bounced from a key daily support. Even though the market was sharply bullish, I want to remind you that technically speaking the market is still consolidating. The market is still stuck within a horizontal trading range. 1750 - 1760 is its support. 1811 - 1818 is its resistance. To catch a bullish continuation, wait for a bullish breakout of the underlined blue resistance. After the breakout the price will most likely keep growing to 1848 level. If you are bearish, consider a bearish breakout of a support of the range. In case of a daily candle close below that, bearish continuation will be expected. What do you expect? ❤️Please, support this idea with like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
20
✅LUMBER SWING TRADE OPPORTUNITY|LONG🚀 🏛LUMBER making a massive correction From the spectacular bubble like covid rally And the price will soon be retesting an important weekly support From where I am expecting a pullback upwards With the chance of retesting the level above SUGGESTED TRADE: ☑️Buy CALL options 600$ strike ☑️Expiration end of the year: ☑️Either November 2021 or January 2022 ☑️I would go for January ☑️You can see the options chain for lumber futures at the CME website ✅Like and subscribe to never miss a new idea!✅
LLong
by ProSignalsFx
3
📚 Leveraged & Margin Trading Guide + Examples ⚖️ Leveraged trading allows even small retail traders to make money trading different financial markets. With a borrowed capital from your broker, you can empower your trading positions. The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced. Brokers offer leverage at a cost based on the amount of borrowed funds you’re using and they charge you per each day that you maintain a leveraged position open. For example, let's take EURUSD pair. Let's buy Euro against the Dollar with the hope that the exchange rate will rise. Buying that on spot with 1.195 ask price and selling that on 1.23 price we can make a profit by selling the same amount of EURUSD back to the broker. With x50 leverage, our return will be 50 times scaled. With the leverage, we can benefit even on small price fluctuations not having a huge margin. ❗️Remember that leverage will also multiply the potential downside risk in case if the trade does not play out. In case of a bearish continuation on EURUSD, the leveraged loss will be paid from our margin to the broker. For that reason, it is so important to set a stop loss and calculate the risks before the trading position is opened. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDEducation
by VasilyTrader
26