Commodity Price Charts articles from December 2003

Commodity Price Charts archives from December 2003

Cattle.(Agricultural Markets)
December 5, 2003... January Feeder Cattle is challenging Nov gap support at .9950 after probing closing resistance at their former contract high of 1.0212. CC below will lead to a test of the Sep/Nov uptrend line (.9587-.9653). CC below there targets the Oct low...

Lean Hogs.(Agricultural Markets)
December 5, 2003... February failed after approaching resistance at their steep Oct/Nov downtrend line (.5647-.5578). CC below the former contract low at .5255 will lead to a test of horizontal weekly support at .4800. Funds continue to add to their net shorts...

Corn.(Agricultural Markets)
December 5, 2003... March's next upside target lies at this year's high of 2.57 3/4. Resistance above there lies at the contract high of 2.64. CC above will target monthly resistance at 2.96 (9.02). Support is now the Oct/Nov uptrend line (2.44 1/4-2.46 3/4). CC...

Oats.(Agricultural Markets)
December 5, 2003... March made a mistake by closing three times below gap support at 1.40 1/2 then reversing higher. Resistance at the Sep/Nov downtrend line (1.47 1/4-1.46 1/2) has also been violated, and is now closing support, suggesting a test of Sep's high at...

Soybean Complex.(Agricultural Markets)
December 5, 2003... January Soybeans have violated resistance at their Nov downtrend line after failing to post CC below Oct gap support at 7.35 1/2. The next upside target lies at the contract high of 8.05 1/2. CC above targets horizontal monthly resistance at...

Wheat (Chgo).(Agricultural Markets)
December 5, 2003... March has vilated resistance at its NOv gap of 3.99 1/2 and is probing resistance at its former contract high of 4.18 1/2. CC above targets horizontal monthly resistance at 4.49 (4/97). Support is now the Oct/Nov uptrend line (3.96 1/4-4.03...

Cotton.(Agricultural Markets)
December 5, 2003... March has posted a possible island reversal before hitting closing resistance at its filled Oct gap at .7580. CC below the Nov gap at .7009 targets the Sep gap at .6495. CC below there targets the Sep gap at .6235. Funds continue to liquidate...

Sugar.(Agricultural Markets)
December 5, 2003... March has violated its Aug gap at 650 suggesting a test of the Aug high at 731. CC above there targets horizontal weekly resistance at 790. Support is now the Nov uptrend line (626-633) followed by the Nov gap at 610. ADX has started to rise...

Coffee.(Agricultural Markets)
December 5, 2003... March gapped above resistance at its Sep/Oct downtrend line making the Oct high at .6810 its next upside target. CC above there will call for a fill of the Sep gap at .7175. Support is now the Nov gap at .6250. CC below targets weekly support...

Cocoa.(Agricultural Markets)
December 5, 2003... March gapped higher in response to escalating tensions in the Ivory Coast. Pro-government mobs are gathering, in a daily basis, outside the French army base in Abidijan to demand their expulsion from the country. Meanwhile, the government is...

Feb. 04 pork bellies (CME).
December 5, 2003... SYMBOL = PBG FEB. 04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 2-9-04 LTD: 2-24-04 OPTIONS EXPIRE: 2-6-04 High Low 10/14/03 08/05/03 9340 07640 ...

Jan.04 frozen orange juice (NYCE).
December 5, 2003... JAN. 04 FROZEN ORANGE JUICE (NYCE) Each Horizonatal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 1-2-04 LTD: 1-9-04 High Low 09/09/02 11/25/03 11230 6725 Date Open High Low Close ...

Cattle.(Agricultural Markets)
December 12, 2003... Cattle January Feeder Cattle have violated support at their Sep/Nov uptrend line (.9647-.9705), which is now closing resistance, making the Oct low at .9095 their next downside target. CC below there will lead to a test of the Sep low at .8750....

Lean hogs.(Agricultural Markets)
December 12, 2003... Lean Hogs February is probing closing support at their former contract low of .5255. CC below targets horizontal weekly support at 4800. Resistance lies at the Oct/Nov downtrend line (.5554-.5486). CC above targets horizontal closing resistance...

Corn.(Agricultural Markets)
December 12, 2003... Corn March is near support at its Oct/Nov uptrend line (2.47 3/4-2.50 3/4) as it consolidates below resistance at this year's high of 2.57 3/4. Resistance above there ties at the contract high of 2.64 followed by monthly resistance at 2.96...

Oats.(Agricultural Markets)
December 12, 2003... Oats March is heading up to resistance at its Sep high of 1.58 1/4. CC above targets the contract high at 1.78. Support lies at the Nov uptrend line (1.45 1/2-1.47 1/2). CC below targets the Nov low at 1.38. Momentum indicators are bullish...

Soybean complex.(Agricultural Markets)
December 12, 2003... Soybean Complex January Soybeans have their next upside target at the contract high of 8.05 1/2. CC above targets monthly resistance at 8.56. Initial support lies at the Nov/ Dec uptrend line (777. 1/2-7.91). CC below targets horizontal closing...

Wheat (Chgo).(Agricultural Markets)
December 12, 2003... Wheat (Chgo) March has violated support at its Oct/Nov uptrend line (4.04 1/2-4.11 1/2), which is now closing resistance. The next downside target lies at Nov's reaction low of 3.74. CC below targets the Oct gap at 3.511/2. Momentum indicators...

Cotton.(Agricultural Markets)
December 12, 2003... Cotton March has violated Nov gap support at .7009 suggesting a fill of the Sep gap at .6495. CC below there targets the Sep gap at .6235. CC above the Dec gap at .7260 targets horizontal closing resistance at the filled Oct gap of .7580. Funds...

Sugar.(Agricultural Markets)
December 12, 2003... Sugar March is heading up to resistance at its Aug high of 731. CC above targets weekly resistance at 790. Support lies at the Nov uptrend line (635-642) followed by the Nov Rap at 610. ADX and O.I. have started to rise which bodes well for...

Coffee.(Agricultural Markets)
December 12, 2003... Coffee March's next upside target lies at its Oct high of .6810. CC above targets the Sep gap at .7175. Resistance above there lies between the Sep and May highs at. 7500 and .7600 respectively. CC below the Dec gap at .6475 targets closing...

Cocoa.(Agricultural Markets)
December 12, 2003... Cocoa March deeply probed but will need CC above its Aug high at 1737 to increase the chance for a move up to closing resistance at its filled Apr gap of 1874. CC below the Dec gap at 1629 targets support at the Oct/Nov uptrend line...

Pork bellies.(Agricultural Markets)
December 12, 2003... SYMBOL=PBG FEB. 04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 2-9-04 LTD: 2-24-04 OPTIONS EXPIRE: 2-6-04 High Low 10/14/03 08/05/03 9340...

Frozen orange juice.(Agricultural Markets)
December 12, 2003... SYMBOL=OJF JAN.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 1-2-04 LTD: 1-9-04 OPTIONS EXPIRE: 12-19-03 High Low 09/09/02 11/25/03 ...

Currencies.(Financial Markets)
December 12, 2003... The March British Pound set contract highs as monthly resistance at 1.7300 was violated. The next upside target is horizontal monthly, resistance at 1.7645 (9/ 81). CC back below the 1.7300 level targets the 11/26 high of 1.6981. CC below there...

Eurodollar.(Financial Markets)
December 12, 2003... June is attempting to post CC above its 9/16 high at 9854. If accomplished, the Oct high at 9870V2 is the next upside target. Resistance above there lies at the contract high of 9885. CC back below the 9842 level-targets support at the neckline...

T-Rood & T-Note (10-yr.).(Financial Markets)
December 12, 2003... March T-Bonds have recently violated closing resistance at their late-Oct high of 108-05 suggesting a test of their Sep high at 110-2K. Support lies at the Aug/Nov uptrend line (106-26/107-03). CC below targets the Oct low at 104-10. March...

Copper.(Financial Markets)
December 12, 2003... March is consolidating as monthly, resistance at .9927 (basis Dec) holds the market in check. If Dec can post "daily. CC above .9927, its next upside target is monthly. resistance at 1.0350. Support for Mar lies at its former contract hikh of...

Gold.(Financial Markets)
December 12, 2003... February continues to register contract highs as horizontal monthly resistance at 419.70 is approached (basis Dec). If Dec can post daily CC above, monthly resistance at 430.30 is its next upside target. Initial support for Feb lies at its...

Silver.(Financial Markets)
December 12, 2003... March set contract highs as weekly resistance at 5.6000 is being probed (basis Dec). If Dec is able to post daily CC above, ifs next upside target lies at monthly, resistance of 5.9500. Initial support for Mar lies at its former "03 high of...

Energy Complex.(Financial Markets)
December 12, 2003... February Crude Oil set contract highs as week y resistance at 32.70 is approached (basis Jan). If Jan can post CC above, the market's next upside target lies at monthly resist race of 35.84. If Feb posts CC below its Oct high at 31.40a test of...

S&P 500 Index.(Financial Markets)
December 12, 2003... March registered yearly highs as monthly Fibonacci resistance at 1075.60 is approached. Daily CU above opens the door for a possible move up to the next Fibonacci resistance level at 1170.80, which is near horizontal monthly resistance at...

Dow Jones Complex (Cash).(Financial Markets)
December 12, 2003... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 33.579 Down Avg 17.778 Date Open High Low Close 12/08/03 9862...

Platinum.(Financial Markets)
December 12, 2003... SYMBOL=PLF JAN.04 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 1-2-04 LTD: 1-27-04 OPTIONS EXPIRE: 12-17-03 High Low 12/12/03 04/28/02 ...

Traders' commitments as of December 9, 2003.
December 12, 2003... Traders' Commitments as of December 9, 2003 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.
December 12, 2003... 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 price...

Cattle.(Agricultural Markets)
December 19, 2003... January Feeder Cattle are heading to support at their Jun/Sep uptrend line (.9208-.9238). CC below targets the Oct low at .9095 followed by the Sep low at 8750. Initial closing resistance is now the filled Dec gap at .9645. RSI has some...

Lean hogs.(Agricultural Markets)
December 19, 2003... February has posted CC below its former contract low at .5255 suggesting a move down to horizontal weekly support at .4800. CC back above the 5255 level targets resistance at the Oct/Nov downtrend line (.5472-.5400). CC above there targets...

Corn.(Agricultural Markets)
December 19, 2003... March is attempting to post CC below support at its Oct/Dec uptrend line (2.50 3/4-2.53 1/4) before hitting its next upside target at this year's high of 2.57 3/4. If accomplished, the Nov low at 2.3572 becomes the next downside target. CC...

Oats.(Agricultural Markets)
December 19, 2003... March has turned down to challenge initial support at its Nov uptrend line (1.47 1/4-1.49 1/4) before reaching its next upside target at its Sep high of 1.58 1/4. CC below targets the Nov low at 1.38 followed by the contract low at 1.31. ...

Soybean complex.(Agricultural Markets)
December 19, 2003... March Soybeans have recently violated initial support at their Nov/Dec uptrend line making the 11/10 high at 7.54 their next downside target. CC below there will target closing support at the filled Oct gap of 7.33. Support below there lies at...

Wheat (Chgo).(Agricultural Markets)
December 19, 2003... March turned up before hitting its next downside target at its Nov low of 3.74. CC above the 3.90 level targets closing resistance at the Aug high of 4.05. Resistance above there lies at the contract high of 4.21 1/2. Momentum indicators remain...

Cotton.(Agricultural Markets)
December 19, 2003... March's next downside target lies at the Sep gap of .6495. CC below targets the previous Sep gap at .6235. CC above the Dec gap at .7260 targets horizontal closing resistance at the filled Oct gap of .7580. Funds continuing to liquidate their...

Sugar.(Agricultural Markets)
December 19, 2003... March is challenging support at its Nov uptrend line (643-651). CC below targets horizontal gap support at 610. CC below there will open the door for further declines and possible move down to the contract low at 550. Initial resistance is now...

Coffee.(Agricultural Markets)
December 19, 2003... March continues to challenge support at its filled Dec gap of .6250. CC below targets the contract low at .5965. CC below there targets horizontal weekly support at .5530. Upside targets lie at the Oct high of .6810 followed by the Sep gap at...

Cocoa.(Agricultural Markets)
December 19, 2003... March has violated support at its Dec gap of 1629 making the Oct/Nov uptrend line (1459-1468) its next downside target. Initial resistance now lies at the Dec gap of1633. CC above targets closing resistance at 1737. Momentum indicators are...

Pork bellies.
December 19, 2003... SYMBOL=PBG FEB.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 2-9-04 LTD: 2-24-04 OPTIONS EXPIRE: 2-6-04 High Low 10/14/03 08/05/03 9340...

Frozen orange juice.
December 19, 2003... SYMBOL=OJH MAR.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 3-1-04 LTD: 3-11-04 OPTIONS EXPIRE: 2-20-04 High Low 09/12/02 12/19/03 ...

Currencies.(Financial Markets)
December 24, 2003... The March British Pound continues to challenge monthly resistance at 1.7645. Daily CC above opens the door for further gains and possible move up to the 1.8000 level. Initial support lies at the steep Nov uptrend line (1.7364-1.7464) followed...

Eurodollar.(Financial Markets)
December 24, 2003... June has recently posted CC above its 9/16 high at 9854 making the Oct high at 9870 1/2 its next upside target. Resistance above there lies at the contract high of 9885. CC back below the 9842 level targets support at the neckline (9825-9826...

T-Bond & T-Note (10-yr.).(Financial Markets)
December 24, 2003... March T-Bonds continue to probe resistance at their Sep high of 110-28. CC above targets weekly resistance at 112-11, which is near Jul gap resistance at 112-18. CC back below violated resistance at 108-05 targets support at the Aug/Nov uptrend...

Copper.(Financial Markets)
December 24, 2003... March continues to register contract highs as it makes its way up to monthly resistance at 103.50, which is the .50 retracement level of the '95/'01 decline. Daily CC above opens the door for potentially significant additional upside gains....

Gold.(Financial Markets)
December 24, 2003... February is consolidating recent gains as it makes its way up to monthly resistance at 419.70. Daily CC above targets the next monthly resistance level at 430.30 (2/90). Initial support lies at the Oct/Nov uptrend line (402.00-404.70). CC below...

Silver.(Financial Markets)
December 24, 2003... Silver March set contract highs as it makes its way up to monthly resistance at 5.9500. Resistance above there is monthly at 6.1070, which is the .618 retracement level of the 98/ '01 decline. Support lies horizontally at violated monthly...

Energy complex.(Financial Markets)
December 24, 2003... February Crude Oil is probing horizontal support at 31.90. CC below targets the Sep/Nov uptrend line (30.22-30.43). CC below there bodes well for a test of the late-Oct low at 27.92. Initial resistance is now the Dec gap at 32.95. CC above...

S&P 500 index.(Financial Markets)
December 24, 2003... March has recently violated monthly resistance at 1075.60 making the market's next upside target monthly resistance between 1170.80 which is the .50 retracement level of the '00/'02 decline, and 1178.50, which is the 1/02 monthly high. CC back...

Dow Jones 30 industrials (CASH).
December 24, 2003... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points [GRAPHIC OMITTED] 14-DAY RELATIVE STRENGTH INDEX (As of Wednesday) Up Avg 35.308 Down Avg 13.230 Date Open High Low ...

Apr. 04 platinum (NYMEX).
December 24, 2003... SYMBOL=PLJ APR.04 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 4-1-04 LTD: 4-27-04 OPTIONS EXPIRE: 3-17-04 High Low 12/18/03 09/17/03 ...

Trader's commitments as of December 16, 2003.
December 24, 2003... The CFTC will be releasing the next COT report on Monday, December 29, 2003 at 2:30 PM Central Time. Trader's commitments as of December 16, 2003 NON-COMMERCIAL (LARGE SPECULATORS) COMMODITY ...

Weekly/monthly data: listed below is the data to update your weekly and monthly charts.
December 24, 2003... 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 with the price range of the next contract, and use the higher of the two...