Commodity Price Charts articles from February 2004

Commodity Price Charts archives from February 2004

Cattle.(Agricultural Markets)
February 6, 2004... March Feeder Cattle are probing their filled Jan gap of .8280. CC below opens the door for a test of support between. 7850 (weekly) and the contract low at .7750. Closing resistance lies at the Dec gap of .8590. April Live cattle are probing...

Lean hogs.(Agricultural Markets)
February 6, 2004... April have violated resistance at their Oct/Nov downtrend line and are probing horizontal closing resistance at .6050. CC above targets the contract high at .6240. CC above there targets weekly resistance at the 4/00-7/01 downtrend line,...

Corn.(Agricultural Markets)
February 6, 2004... March's next upside target lies at monthly resistance of 2.96. CC above the Jan gap at 2.75 1/4 bolsters the case for a move up to monthly resistance. CC below horizontal support at the former contract high of 2.64 targets the Jan gap at 2.52...

Oats.(Agricultural Markets)
February 6, 2004... March has recently posted CC below its filled Jan gap of 1.56 1/4 making its next downside target the 1.45 level. CC below there targets the Nov low at 1.38. Resistance is now the Jan downtrend line (1.59 1/4-1.58 1/4). Momentum indicators...

Soybean complex.(Agricultural Markets)
February 6, 2004... March Soybeans are nearing Jan gap resistance at 8.33 after probing closing support at the now filled Jan gap of 8.01. CC below 8.01 will lead to a test of support at the Oct/Dec uptrend line (7.58-7.61). CC above the Jan gap at 8.33 targets...

Wheat (Chgo).(Agricultural Markets)
February 6, 2004... March continues to challenge its now filled Dec gap at 3.77 1/2. CC below targets the May/Oct uptrend line (3.50 1/2-3.51 1/4). Be aware of possible support at the Dec low of 3.58. Initial resistance now lies at the Dec/Jan downtrend line (3.96...

Cotton.(Agricultural Markets)
February 6, 2004... March has support at its Nov low of .6709. CC below targets the Sep gaps at .6495 then .6235. CC above horizontal resistance at .7205 targets closing resistance at .7600. Momentum indicators remain bearish and ADX is rising, signaling lower...

Sugar.(Agricultural Markets)
February 6, 2004... March is consolidating just above support at its contract low of 550. CC below targets horizontal monthly support at 482. CC above initial resistance at the Dec gap of 610 targets the Dec high at 679. Note the Jan bearish flag that was recently...

Coffee.(Agricultural Markets)
February 6, 2004... March has recently violated Jan gap support at .7540 making horizontal support at .7000 its next downside target. CC below there will lead to a test of the Dec uptrend line (.6674-.6734). Closing support below there lies at the filled Dec gap...

Cocoa.(Agricultural Markets)
February 6, 2004... May reversed higher after nearing support at its Oct/Nov uptrend line (1508-1516) and has violated Jan gap resistance at 1566. The next upside target lies at this year's high of 1795. CC above there targets the Dec high at 1774. CC below the...

Pork bellies.(Agricultural Markets)
February 6, 2004... SYMBOL=PBH MAR.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts FND: 3-8-04 LTD: 3-26-04 OPTIONS EXPIRE: 3-5-04 High Low 02/06/04 08/05/03 9402 7690 [GRAPHIC...

Orange juice (Agricultural Markets).
February 6, 2004... 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 01/21/04 11375 6060 ...

Cattle.(Agricultural Markets)
February 13, 2004... March Feeder Cattle are attempting to post CC below support at their filled Jan gap of .8280. If accomplished, a test of support between .7850 (weekly) and the contract low at .7750 is likely. Closing resistance lies at the Dec gap of .8590....

Lean hogs.(Agricultural Markets)
February 13, 2004... Hogs April have turned down to challenge support at their Dec/Jan uptrend line (.5794-.5840) along with their Jan gap. at .5805 after violating horizontal closing resistance at .6050, which targets the contract high at .6240. Resistance above...

Corn.(Agricultural Markets)
February 13, 2004... March is nearing its next upside target at monthly resistance of 2.96(9/02). Daily CC above will lead to a test of horizontal monthly resistance at 3.20 (4/97). CC below the possible Feb gap at 2.76 1/2 targets horizontal support at the former...

Oats.(Agricultural Markets)
February 13, 2004... March have recently posted CC below its Jan gap at 1.56 1/4 making its next downside target the 1.45 level. CC below there targets the Nov low at 1.38. Resistance is now the Jan downtrend line (1.57 3/4- 1.56 3/4). Momentum indicators remain...

Soybean complex.(Agricultural Markets)
February 13, 2004... March Soybeans have turned down from monthly resistance at 8.56 (7/96) in response to cases of non life threatening bird flu in four New Jersey live chicken markets, in addition to the two Delaware chicken farms. Daily CC above would have lead...

Wheat (Chgo).(Agricultural Markets)
February 13, 2004... March has turned up to challenge resistance at its Dec/Jan downtrend line (3.94 1/4-3.92) after failing to post CC below its Dec gala at 3.77 1/2. CC above targets horizontal closing resistance at 4.05. CC above there targets the contract high...

Cotton.(Agricultural Markets)
February 13, 2004... May has recently violated closing support at its Nov low of .6835 making the Jun/Aug uptrend line (.6408-.6428) its next downside target. Additional closing support lies at the Sep gala of .6325. CC Back above the .6835 level targets horizontal...

Sugar.(Agricultural Markets)
February 13, 2004... May is nearing support at its contract low of 550. Support below there lies at the breakout projection of its Jan bearish flag, right neat 520. Monthly support lies at 482 (basis Mar). CC above initial resistance at the Dec/Feb downtrend line...

Coffee.(Agricultural Markets)
February 13, 2004... May has reversed after equaling horizontal closing support at the old Seo gap. of .7290. CC below will target support at the Dec uptrend line (.6954-.7012). Initial resistance at the Feb gap of 7650 has been violated making the 1/03 high at...

Cocoa.(Agricultural Markets)
February 13, 2004... May is probing support at its Oct/Nov uptrend line (1514-1522). CC below bodes well for a fill cf the Nov gap at 1437. CC below there targets the contract low at 1345 CC above resistance at the Dec/Jan downtrend line (1626-1614) targets this...

Mar. 04 frozen orange juice.(NYCE)
February 13, 2004... 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 02/11/04 ...

Currencies.(Financial Markets)
February 13, 2004... The March British Pound has violated monthly resistance at 1.8565, which is the .764 retracement level of the '92/'01 decline. The next upside target lies at horizontal monthly resistance of 1.9045 (4/88). CC below support at the Nov/Jan...

Eurodollar.(Financial Markets)
February 13, 2004... June has violated horizontal resistance at 9870 1/2 making its contract high at 9885 the next upside target. CC below horizontal support at the Dec high of 9860 1/2 targets support at the Aug/Nov uptrend line (9839 1/4-9840 3/4). As long as Dr....

T-Bond & T-Note (10-yr.).(Financial Markets)
February 13, 2004... March T-Bonds are challenging resistance at their filled Jul gap of 113-10. CC above targets the Jun gap at 116-06. CC back below the Sep high at 110-28 targets support at the Aug/Jan uptrend line (109-01/109-091. March T-Notes are challenging...

Copper.(Financial Markets)
February 13, 2004... March has violated monthly resistance at 1.2310 (6/97) and is challenging monthly resistance at 1.2590, which is the .764 retracement level of the 95/01 decline. Daily CC above targets horizontal monthly resistance at 1.3140 (5/96). CC below...

Gold.(Financial Markets)
February 13, 2004... April reversed after failing to post CC below support at its Jul/Oct uptrend line (402.50-404.10) and has violated closing resistance at its Jan gap of 410.30. CC above the next upside target at the Jan gap of 419.00 will lead to a test of the...

Silver.(Financial Markets)
February 13, 2004... March has reversed strongly higher alter probing Dec gap support at 6.0250 and is attempting to post daily CC above horizontal monthly resistance at 6.6010, which is the .764 retracement level of the '98/'01 decline. If accomplished, horizontal...

Energy complex.(Financial Markets)
February 13, 2004... April Crude Oil reversed higher after our friends at OPEC unexpectedly cut production about 10% (4.1% + 5.9% in "overage" that's currently being produced) starting April 1 to compensate for an expected build in stockpiles. Weekly resistance at...

S&P 500 index.(Financial Markets)
February 13, 2004... S&P 500 Index March is probing closing resistance at this year's former high of 1155 after testing initial support at the Nov/Dec uptrend line (1133-1140). CC below will target the longer-term Aug/Sep uptrend line (1079-1082.80). CC above the...

Apr. 04 platinum (Nymex).
February 13, 2004... SYMBOL=PLJ APR. 04 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent. = $.50 Minimum Move: 10 Cents(.10) FND: 4-01-04 LTD: 4-27-04 OPTIONS EXPIRE: 3-17-04 High Low 01/13/04 09/17/03 ...

Trader's commitments as of February 10, 2004.
February 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. Trader's commitments as of February 10, 2004 NON-COMMERCIAL (LARGE...

Weekly/monthly data: listed below is the data to update your weekly and monthly charts.
February 13, 2004... 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...

Currencies.(Financial Markets)
February 20, 2004... The March British Pound is turning down after probing monthly resistance at 1.9045 (4/88). Daily CC above will lead to further gains. Support lies at the Nov/Jan uptrend line (1.8327-1.8420). CC below targets the Jan reaction low at 1.7747....

Eurodollar.(Financial Markets)
February 20, 2004... September has resistance at its contract high of 9862 1/2. CC above targets the interest rate significant 9875 level. Initial support lies at the Dec/Feb uptrend line (9838 3/4-9843 1/4) with CC below targeting horizontal support at the Dec...

T-Bond & T-Note (10-yr.).(Financial Markets)
February 20, 2004... June T-Bonds are probing closing resistance at the Jul gap of 112-02. CC above targets the Jun gap at 114-30. CC below the Jul gap at 110-22 will lead to a test of support at the Aug/fan uptrend line (108-14/108-21), drawn using closes. June...

Copper.(Financial Markets)
February 20, 2004... May gapped up to contract highs in what looks to be market topping action (housing is coming off its highs), as monthly resistance at 1.3140 was deeply probed (basis Mar). Resistance above there is monthly at 1.3990 (12/95). Initial support for...

Gold.(Financial Markets)
February 20, 2004... April is tanking on U.S. Dollar strength after nearing closing resistance at its Jan gala of 419.00. Support at the probed Jul/Oct uptrend line (404.40-406.00) has been violated, making weekly, support at the 4/03-7/03 uptrend line, crossing...

Silver.(Financial Markets)
February 20, 2004... May is getting hammered on U.S. Dollar strength after attempting to post CC above its former contract high at 6.7200, which would have lead to additional upside. CC below the 1/26 high targets support at the Nov/Feb uptrend line...

Energy complex.(Financial Markets)
February 20, 2004... April Crude Oil is near weekly resistance at 35.84. Daily CC above targets horizontal monthly resistance at 37.95 (3/03). Support lies at the Sep/Nov uptrend line (31.59-31.69). CC below targets weekly support at the 5/03-9/03 uptrendline,...

S&P 500 index.(Financial Markets)
February 20, 2004... March continues to probe closing resistance at this year's former high of 1155 after testing initial support at the Nov/Dec uptrend line (1141.50-1148.50). CC below will target the longer-term Aug/Sep uptrend line (1083.50-1087). CC above the...

Dow Jones complex.(Financial Markets)
February 20, 2004... [ILLUSTRATION OMITTED] DOW JONES 30 INDUSTRIAL (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 28.676 Down Avg 24.314 Date Open High Low ...

Platinum.(Financial Markets)
February 20, 2004... [ILLUSTRATION OMITTED] 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 01/13/04 09/17/03...

Traders' commitments as of February 17, 2004.
February 20, 2004... Traders' Commitments as of February 17, 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.
February 20, 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 price...

Currencies.(Financial Markets)
February 27, 2004... The March British Pound is turning down after probing monthly resistance at 1.9045 (4/88). Daily CC above will lead to further gains. Support lies at the Nov/Jan uptrend line (1.8440-1.8534). CC below targets the Jan reaction low at 1.7747....

Eurodollar.(Financial Markets)
February 27, 2004... September continues to consolidate below resistance at its contract high of 9862 1/2. CC above targets the interest rate significant 9875 level. Initial support lies at the Dec/Feb uptrend line (9844 1/2-9848 3/4) with CC below targeting...

T-Bond & T-Note (10-yr.).(Financial Markets)
February 27, 2004... June T-Bonds continue to probe closing resistance at their Jul gap of 112-02. CC above targets the Jun gap at 114-210. CC below the Jul gap at 110-22 will lead to a test of support at the Aug/Jan uptrend line (108-24/108-31), drawn using...

Copper.(Financial Markets)
February 27, 2004... May is challenging its contract high at 1.3590. CC above will target monthly resistance at 1.3990 (basis Mar, 12/95). The rally is mainly due to diminishing warehouse stocks mostly attributed to strong demand from the growing Chinese economy....

Gold.(Financial Markets)
February 27, 2004... April has violated support at its probed Jul/Oct uptrend line (406.40-407.80), which is now closing resistance. CC back above targets the Jan/Feb downtrend line (413.20-411.40) followed by the Jan gap at 419.00. Weekly support lies at the...

Silver.(Financial Markets)
February 27, 2004... May continues to probe closing resistance at its former contract high of 6.7200. CC above targets monthly resistance at the '98 high of 7.4000. Support lies at the Nov/ Feb uptrend line (6.2600-6.3230). CC below targets the Feb low at 5.9550....

Energy complex.(Financial Markets)
February 27, 2004... April Crude Oil is probing weekly resistance at 35.84. Daily CC above targets horizontal monthly resistance at 37.95 (3/03). Support lies at the Sep/Nov uptrend line (31.68-31.87). CC below targets weekly support at the 5/03-9/03 uptrend line,...

S&P 500 index.(Financial Markets)
February 27, 2004... March continues to challenge closing resistance at this year's former high of 1155. CC above targets monthly resistance between 1170.80, which is the .50 retracement level of the '00/'02 decline, and 1178.50, which is the Jan'02 monthly high....

Dow Jones complex.(Financial Markets)
February 27, 2004... DOW JONES 30 INDUSTRIALS (CASH) Date Open High Low Close 02/23/04 10619 1/2 10645 10560 1/4 10609 1/2 02/24/04 10609 1/2 10637 10521 3/4 10566 1/4 02/25/04 10566 1/2 10615...

Platinum.(Financial Markets)
February 27, 2004... 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 02/27/04 09/17/03 88800 67000 ...

Traders' commitments as of February 24, 2004.
February 27, 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) Net...

Weekly/monthly data.
February 27, 2004... Listed below is the data to update your weekly and monthly charts. Week ending 2/20/04 COMMODITY HIGH LOW CLOSE Live Cattle 7817 7610 7785 Lean...