Commodity Price Charts articles from August 2004

Commodity Price Charts archives from August 2004

Cattle.(Agricultural Markets)
August 6, 2004... October Feeder Cattle have an upside objective right near 1.1490, based the breakout from their Jun/Jul pennant. CC above bodes well for a test of weekly resistance at 1.1764(basis Aug). Support lies at the Apr/Jul UTL (1.0880-1.0978) followed...

Lean hogs.(Agricultural Markets)
August 6, 2004... October set contract highs as the market makes its way up to monthly resistance at .8030 (basis Aug, 12/96). An upside target for Oct lies at former weekly resistance of.7470 (7/01). CC back below the .6745 level targets support at the Apr/Jul...

Corn.(Agricultural Markets)
August 6, 2004... December is starting to turn up after the market failed to reach its next downside target at weekly support of 2.13 1/4 (basis Sep, 10/03). CC above initial resistance at the Jul gap of 2.40 3/4 targets the Jul gap at 2.62 1/4. Resistance above...

Oats.(Agricultural Markets)
August 6, 2004... December are attempting to post CC above their Jul gap at 1.38 1/2 after probing horizontal support at 1.31 1/4. If accomplished, the next upside target is horizontal resistance at the Feb low of 1.54. CC above there targets the Jun gap at...

Soybean complex.(Agricultural Markets)
August 6, 2004... November Soybeans have support at their 10/03 low of 5.48. CC below targets support at the 9/03 low of 5.33 1/2. CC back above violated support at 6.04 will likely lead to a test of the May/Jun DTL (6.51 1/4-6.43 1/2). CC above there targets...

Wheat (Chgo).(Agricultural Markets)
August 6, 2004... September turned up after violating its former contract low at 3.14 1/2. CC above resistance at the May/Jun DTL (3.39 1/4-3.34 1/4) targets horizontal closing resistance at the filled Jun gap of 3.68. CC below the current Aug low at 3.09...

Cotton.(Agricultural Markets)
August 6, 2004... December has resistance at its Jul gap of .4812. CC above targets the May/Jun DTL (.5010-.4928). CC above there targets the late-Jun high at .5580. The market's next downside target lies at monthly support of .4050 (basis Oct, 10/02). RSI is...

Sugar.(Agricultural Markets)
August 6, 2004... October has gapped down after probing closing resistance at its Jul high of 838. CC below the filled Jul gap of 799 targets support at the Feb/May UTL (743-748). Support below there lies at the Jun low of 707. CC above the Aug gap at 833...

Coffee.(Agricultural Markets)
August 6, 2004... September has support at its contract low of .6555. CC below targets weekly support at the 8/02-11/03 UTL, crossing near .6240 next week. CC above the early-Jul low at .6990 targets the Jul high at .7430. Resistance above there lies at the...

Cocoa.(Agricultural Markets)
August 6, 2004... September has horizontal resistance at its 8/03 high of 1745. CC above targets weekly resistance at 1820 (8/03). CC below initial support at the Jul gap of 1660 targets the Jul gap at 1616. CC below there will lead to a test of horizontal...

Pork bellies.(Agricultural Markets)
August 6, 2004... SYMBOL=PBG FEB. 05 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 2-7-05 LTD: 2-23-04 OPTIONS EXPIRE: 2-4-05 High Low 05/13/04 03/05/04 10000...

Orange juice.(Agricultural Markets)
August 6, 2004... SYMBOL=OJU SEP.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 9-1-04 LTD: 9-10-04 OPTIONS EXPIRE: 8-20-04 High Low 04/14/03 05/21/04...

Currencies.(Financial Markets)
August 6, 2004... The September British Pound is attempting to post CC above its early-Jun high at 1.8319. If accomplished, a test of resistance between the early-July high at 1.8683 and the contract high at 1.8702 is in the cards. CC below support at the filled...

Eurodollar.(Financial Markets)
August 6, 2004... December raged to the upside after the non-farm number and is probing horizontal resistance at 9790. CC above targets the 4/7 high at 9823. Support now lies at the Jun/Jul UTL (9757-9761 1/4). CC below targets horizontal closing support at...

T-Bond & T-Note (10-yr.).(Financial Markets)
August 6, 2004... September T-Bonds are probing resistance at their Jan high of 110-10. CC above targets the Mar gap at 112-23. CC below the Jul high at 109-15 targets support at the Jun/Jul UTL (106-31/107-12). Support below there lies at the Jul low at 106-04....

Copper.(Financial Markets)
August 6, 2004... September has turned down after probing resistance at its mid-Apr high of 1.3240. CC above will target the contract high at 1.3640. Support now lies at the Jun/Jul UTL (1.2412-1.2522). CC below targets horizontal closing support at 1.2000...

Gold.(Financial Markets)
August 6, 2004... December shot higher after the poor non-farm payroll results and is probing its filled Jun gap at 403.00. CC above targets the Jul high at 412.50. CC above there targets the possible Apr gap at 421.00. Support lies at the May gap of 385.50. CC...

Silver.(Financial Markets)
August 6, 2004... September is challenging resistance at its Jul high of 6.7800. CC above targets the Apr gap of 6.9600. CC above there targets the Apr gap at 7.4100. Initial support now lies at the Jun/Jul UTL(6.2580-6.3350). CC below targets the late-Jul low...

Energy complex.(Financial Markets)
August 6, 2004... September Crude Oil is nearing psychological resistance at 45.00. CC above will see prices heading up towards the 50.00 mark. CC below the filled Jul gap at 42.98 targets horizontal support at the Jun high of 41.80. Support below there is...

S&P 500 index.(Financial Markets)
August 6, 2004... September has turned down after almost posting CC above its Jul DTL, which would have increased the chance for a move up to horizontal resistance at the 6/ 14 low of 1121.80. Weekly support lies at the lower channel line of a possible 2/04-8/04...

Dow Jones complex.(Financial Markets)
August 6, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points [GRAPHIC OMITTED] 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 16.936 Down Avg 40.701 Date Open High Low ...

Platinum.(Financial Markets)
August 6, 2004... SYMBOL=PLV OCT.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 10-1-04 LTD: 10-26-04 OPTIONS EXPIRE: 9-15-04 High Low 04/12/04 05/10/04 ...

Traders' commitments as of August 3, 2004.
August 6, 2004... Traders' Commitments as of August 3, 2004 If you are interested in receiving this report via fax or e-mail after it's released by the CFTC, call us TOLL-FREE at 1-800-221-4352. NON-COMMERCIAL (LARGE SPECULATORS) COMMODITY ...

Weekly/monthly data.
August 6, 2004... WEEKLY/MONTHLY DATA Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the week of expiration. When plotting the week of the changeover, combine the...

Cattle.(Agricultural Markets)
August 13, 2004... October Feeder Cattle jabbed through what appeared to be a developing double top and exceeded an upside objective near 1.1-490, basedon the breakout from a Jun/Jul pennant. CC above this week's high would lead to a test biweekly, resistance at...

Lean hogs.(Agricultural Markets)
August 13, 2004... October stumbled back from contract highs, changing the chart picture with a possible breakaway gap lower. This week's slide makes support at the Apr/Jul UTL (.6590.6600) the next downside target followed by horizontal,support at the July low...

Corn.(Agricultural Markets)
August 13, 2004... December failed to maintain its upturn and may be set to make another attempt to reach its next downside target at weekly support of 2.13 1/4 (basis Sep, 10/03). Stochastics is returning to the oversold area where it has spent most of the time...

Oats.(Agricultural Markets)
August 13, 2004... December reversed last week's upturn and moved back toward the contract low at 1.28 1/2. CC below that low targets weekly support at 1.24 and 1.20 1/2. Resistance is at this week's high at 1.43 1/2. If exceeded, the next upside target is...

Soybean complex.(Agricultural Markets)
August 13, 2004... November Soybeans got a solid bounce from the August crop report after tumbling to the 5.50 area. CC below the 10/03 low of 5.48 targets support at the 9/03 low of 5.33 1/2. First resistance is at the psychological 6.00 area. CC back above...

Wheat (Chgo).(Agricultural Markets)
August 13, 2004... September slipped below the psychological 3.00 level, making the next downside target weekly support at 2.94 1/2 (6/03) and then the 3/03-5/03 lows in the 2.732.80 area as it tries to put in a post-harvest seasonal low. CC above the Aug high at...

Cotton.(Agricultural Markets)
August 13, 2004... December gapped down following Thursday's bearish crop report, aborting a turnaround alter a five-month downtrend and setting the stage to test monthly support at the 10/02 low of .4050 and the psychological .4000 area. Resistance is at the...

Sugar.(Agricultural Markets)
August 13, 2004... October is working on an M top after breaking below the May-Jul UTL. CC below a July low at 779 would confirm a top and make the Feb-May UTL crossing around 750 the next support. CC above the early Aug high at 843 would negate the topping...

Coffee.(Agricultural Markets)
August 13, 2004... December fell below the 11/03 contract low at .6850, where it is trying to find support to build a base after a two-month slide. Momentum indicators are showing divergence. CC below this week's low would target longer-term support at .6500. CC...

Cocoa.(Agricultural Markets)
August 13, 2004... December now has stiff horizontal resistance in the 1750-1760 zone, the site of last week's high and two 2003 highs. CC below this week s low at 1607 confirms a topping pattern and makes the downside target 1535, a 50% retracement of the...

Pork bellies.(Agricultural Markets)
August 13, 2004... Date Open High Low Close 08/09/04 6285 6340 6285 6310 08/10/04 6280 6290 6225 6245 08/11/04 6207 6207 6075 6157 08/12/04 6100 6200 6100 6195 08/13/04 ...

Orange juice.(Agricultural Markets)
August 13, 2004... SYMBOL=OJU SEP.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 9-1-04 LTD: 9-10-04 High Low 04/14/03 05/21/04 10550 5660 Date Open ...

Currencies.(Financial Markets)
August 13, 2004... The September British Pound staved within the confines of last week's wide-ranging day after the U.S. employment report. CC above, that high at, 1.8430 would lead to a test of the Jul high at 1.8659. A break below this week's low would signal a...

Eurodollar.(Financial Markets)
August 13, 2004... December failed to follow through on its surge to the upside after the payroll number and is struggling at horizontal resistance at 9790. Reaction was minimal after the FOMC did the expected by raising short-term interest rates by 25 basis...

T-Bond & T-Note (10-yr.).(Financial Markets)
August 13, 2004... September T-Bonds had a rather quiet week after last week's excitement from the payroll numbers. Last week's high at 111-30 is the first upside target. CC above targets the Mar gap at 112-.23. CC below the Jul high at 109-15 targets support at...

Copper.(Financial Markets)
August 13, 2004... September has recorded higher lows and highs the last three months, but ADX isn't reflecting much of a trend as upward momentum appears to slow very time 1.300 is exceeded. First resistance is at the Aug high at 1.3250. CC above will target the...

Gold.(Financial Markets)
August 13, 2004... December continued its up-down fluctuations without showing much conviction for a trending, direction either way. CC below the July. low at 387.50 would mark the resumption of a longer-term downtrend and make the May low at 375.00 a target. CC...

Silver.(Financial Markets)
August 13, 2004... September continues to edge higher but backed away from its new high at 6.90, which is now the first resistance to overcome. CC above targets the top of the big Apr gap at 6.9600. Initial support is at the Jun/Jul UTL crossing around 6.43. CC...

Energy complex.(Financial Markets)
August 13, 2004... October Crude Oil has surpassed psychological resistance at 45.00 and moved into uncharted territory. CC above will see prices heading up towards the 50.00 mark. CC below the Aug low at .4209 would be the first clue of a potential topping...

S&P 500 index.(Financial Markets)
August 13, 2004... September wasn't able to make much of a recovery from its setback after last week's employment report and remained mostly below its May low this week. CC below 1061 puts the market in danger of resuming the 2004 downtrend. ADX is moving up and...

Dow Jones.(Financial Markets)
August 13, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points Date Open High Low Close 08/09/04 9816 9858 1/2 9811 9814 1/2 08/10/04 9815 1/2 9944 1/2 9815 1/2 9944 1/2 08/11/04 9931...

Platinum.(Financial Markets)
August 13, 2004... SYMBOL=PLV OCT.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 10-1-04 LTD: 10-26-04 OPTIONS EXPIRE: 9-15-04 High Low 04/12/04 ...

Traders' commitments as of August 10, 2004.
August 13, 2004... If you are interested in receiving this report via fax or e-mail after it's released by the CFTC, call us TOLL-FREE at 1-800-221-4352. NON-COMMERCIAL (LARGE SPECULATORS) ...

Weekly/monthly data.
August 13, 2004... Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the week of expiration. When plotting the week of the changeover, combine the price range of the lead contract...

Cattle.(Agricultural Markets)
August 20, 2004... October Feeder Cattle have turned down after achieving the breakout projection of their Jun/Jul pennant near 1.1490. Note weekly resistance at 1.1764 (basis Aug) was probed. CC below the Apr/Jul UTL (1.1128-1.1230) targets the Jul gap at...

Lean hogs.(Agricultural Markets)
August 20, 2004... October have violated support at their Feb/Jul UTL (.6672-.6723), which is now closing resistance, after the market failed to reach monthly resistance at .8030 (basis Aug). CC below the Jul low at .6395 will target support between .6000 and...

Corn.(Agricultural Markets)
August 20, 2004... December is challenging resistance at its Jul gap of 2.40 3/4. CC above targets the Jul gap at 2.62%. Resistance above there lies at the late-Jun reaction high of 2.86. Initial closing support now lies at the Aug gap of 2.33 1/4. CC below...

Oats.(Agricultural Markets)
August 20, 2004... December have closing support at 1.31 1/4. Initial resistance at the filled Jul gap of 1.38 1/2 has recently been violated suggesting a move up to the Feb low at 1.54. CC above there will open the door for additional upside. Momentum indicators...

Soybean complex.(Agricultural Markets)
August 20, 2004... November Soybeans have recently reversed higher after nearing horizontal support at their 10/03 low of 5.48. CC below the Aug gap at 5.74 will put the 10/ 03 low back on the radar screen. It appears the market is headed for a test of the...

Wheat (Chgo).(Agricultural Markets)
August 20, 2004... December has turned up somewhat after weekly support at 2.94 1/2 was approached (basis Sep, 6/03). CC above the filled Aug gap at 3.18 3/4 bodes well for a test of resistance at the May/Jun DTL (3.45 1/4-3.41 1/4). CC above there targets...

Cotton.(Agricultural Markets)
August 20, 2004... December reversed after the Aug crop report (exhaustion gap?) and has violated its Jul gap at .4812. The next upside target lies at the Apr/May DTL (.5135-.5067). CC above targets the late-Jun reaction high at .5580. Support lies at .4678 then...

Sugar.(Agricultural Markets)
August 20, 2004... October is near support at its Feb/May UTL (756-760). CC below targets the Jun low at 707. Support below there lies at the May low of 666. CC above the Aug gap at 784 will see prices trying to fill the Aug gap at 833. Momentum indicators have...

Coffee.(Agricultural Markets)
August 20, 2004... December turned up after probing horizontal support at its 11/03 low of .6815. CC below will take the market down to weekly support at the 8/02-11/03 UTL, crossing near .6290 next week (basis Sep). CC above the 7/8 low at .7325 targets the Jul...

Cocoa.(Agricultural Markets)
August 20, 2004... December is attempting to post CC above its Aug gap at 1695. If accomplished, the 12/03 high at 1760 is the next upside target. CC above there targets the 5/03 gap at 1814. CC below the Aug gap at 1675 targets the Jul/Aug UTL (1603-1636). CC...

Pork bellies.(Agricultural Markets)
August 20, 2004... SYMBOL=PBG FEB.05 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 2-7-05 LTD: 2-23-05 OPTIONS EXPIRE: 2-4-05 High Low 05/13/04 03/05/04 1000 ...

Orange juice.(Agricultural Markets)
August 20, 2004... SYMBOL=OJX NOV.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 11-1-04 LTD: 11-8-04 OPTIONS EXPIRE: 10-15-04 High Low 04/14/03 05/19/04 ...

Currencies.(Financial Markets)
August 20, 2004... The September British Pound has recently violated support at its May/ Jun UTL making the May gap at 1.7780 its next downside target. CC below there will lead to a test of weekly support at 1.7436 (5/04) followed by the May low at 1.7300....

Eurodollar.(Financial Markets)
August 20, 2004... March continues to trade higher, in stark disagreement with expected near-term interest rate hikes. The next upside target lies at the Apt reaction high of 9786 1/2. CC below the Jul high at 9741 will lead to a test of the Jun/Jul UTL (9720...

T-Bond & T-Note (10-yr.).(Financial Market)
August 20, 2004... December T-Bonds are probing their Apr gap at 110-10. CC above targets the Mar gap at 112-20. CC below the bottom of the Apr gap at 108-12 targets support at the Jun/Jul UTL (106-26/107-07). The rising ADX and O.I. bodes well for higher paces...

Copper.(Financial Market)
August 20, 2004... December has faded after approaching resistance at its contract high of 1.3250. CC above will target weekly resistance at 1.3640 (basis Sep). CC below support at the Jun/Jul UTL (1.2328-1.2430) targets the Jul reaction low at 1.1850. Closing...

Gold.(Financial Markets)
August 20, 2004... December is challenging its Jul high at 412.50. CC above targets the Feb high at 422.00. CC below initial support at the Jul/Aug UTL (399.80-402.70) targets longer-term support at the May/Jul UTL (391.20-391.90). Stochastics are bullish and RSI...

Silver.(Financial Markets)
August 20, 2004... December is attempting to post CC above its Apr gap at 6.9500. If accomplished, the Apr gap at 7.4000 is its next upside target. CC below support at the Jun/Jul UTL (6.4670-6.5370) will lead to a test of support at the late-Jul low of 6.1500....

Energy Complex.(Financial Markets)
August 20, 2004... October Crude Oil set contract highs as the market makes its way up to psychological resistance at 50.00. CC below the 45.00 level targets closing support at the filled Jul gap of 42.30. Longer-term support is way down at the Feb/Jun UTL...

S&P 500 index.(Financial Markets)
August 20, 2004... September has come off support near 1060, which is the lower channel line of a possible 2/04-8/04 bullish flag on the weekly chart. Resistance at the Jul/Aug DTL (1085.50-1078.80), which is now initial closing support, has been violated. The...

Dow Jones Complex.(Financial Markets)
August 20, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 33.389 Down Avg 28.171 Date Open High Low Close 08/16/04 9825 1/2...

Platinum.(Financial Markets)
August 20, 2004... SYMBOL=PLV OCT.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 10-1-04 LTD: 10-26-04 OPTIONS EXPIRE: 9-15-04 High Low 04/12/04 05/10/04 ...

Traders' commitments as of August 17, 2004.
August 20, 2004... Traders' Commitments as of July 13, 2004 If you are interested in receiving this report, via fax or e-mail, after it's released by the CFTC, call us TOLL-FREE at 1-800-221-4352. NON-COMMERCIAL (LARGE ...

Weekly/monthly data.
August 20, 2004... Listed below is the data to update your weekly and monthly charts. When plotting weekly charts, the lead contract is used until the week of expiration. When plotting the week of the changeover, combine the price range of the lead...

Cattle.(Agricultural Markets)
August 27, 2004... October Feeder Cattle have violated their steep Apr/Jul UTL (1.1265-1.1365) and are probing their next downside target at the Jul gap of 1.0910. CC below targets the Jul gap at 1.0680. Closing resistance starts at the possible Aug gap of...

Lean hogs.(Agricultural Markets)
August 27, 2004... October are heading to support between the May low at .6000 and the Apr high at .5975. This is near weekly support at the 9/02-11/03 UTL, crossing near .5980 next week. Support below there lies at the Apr low of .5660. Initial closing...

Corn.(Agricultural Markets)
August 27, 2004... December posted CC above its Jul gap at 2.40 3/4, which makes the Jul gap at 2.62 1/4 its next upside target. CC below the Aug gap at 2.33 1/4 targets the contract low at 2.25. If the market challenges its contract low based on the prospect of...

Oats.(Agricultural Markets)
August 27, 2004... December are nearing horizontal resistance at their Feb low of 1.54. CC above targets the Jun gap at 1.64 followed by the Jun high at 1.74. CC below initial support at 1.37 1/2 targets the 1.3 1/4 closing support level. Momentum indicators are...

Soybean complex.(Agricultural Markets)
August 27, 2004... November Soybeans are challenging resistance at their May/Jun DTL (6.21-6.14) CC above targets the Jul reaction high at 6.69. CC above there targets resistance between the late-Jun high at 7.14 and the Jun gap at 7.17. CC back below the 6.04...

Wheat (Chgo).(Agricultural Markets)
August 27, 2004... December has recently violated resistance at its filled Aug gap of 3.18 3/4 making the May/Jun DTL (3.39 1/2-3.35 1/2) its next upside target. CC above there targets the Jul high at 3.64 1/2. CC back below the bottom of the filled Aug gap at...

Cotton.(Agricultural Markets)
August 27, 2004... December reversed lower after violating resistance at its Apr/May DTL (.5052-.4984). CC below horizontal support at .4678 targets the Aug 1st low at .4350. CC back above the said DTL bodes well for a test of the Jul high at .5230. CC above...

Sugar.(Agricultural Markets)
August 27, 2004... October is challenging support at its Feb/May UTL (762-767). CC below targets the Jun low at 707. CC below there targets the May low at 666. CC above the Aug gap at 784 will see prices trying to fill the Aug gap at 833. Momentum indicators have...

Coffee.(Agricultural Markets)
August 27, 2004... December has violated resistance at its 7/8 low of .7325 making the Jul reaction high at .7730 its next upside target. CC back below the .7325 level targets the Aug gap at .7080. Momentum indicators have upside room after coming off...

Cocoa.(Agricultural Markets)
August 27, 2004... December turned down after probing horizontal resistance at its 12/03 high of 1760. CC below support at the Jul/Aug UTL (1642-1677) along with the Aug gap at 1675 will lead to a test of the Aug low at 1568. CC back above the 1695 level puts the...

Pork bellies.(Agricultural Markets)
August 27, 2004... SYMBOL=PBG FEB.05 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 2-7-05 LTD: 2-23-05 OPTIONS EXPIRE: 2-4-05 High Low 05/13/04 03/05/04 10000 ...

Orange juice.(Agricultural Markets)
August 27, 2004... SYMBOL=OJX NOV.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 11-1-04 LTD: 11-8-04 OPTIONS EXPIRE: 10-15-04 High Low 04/14/03 05/19/04 ...