Commodity Price Charts articles from January 2004

Commodity Price Charts archives from January 2004

Currencies.(Financial Markets)
January 2, 2004... The March British Pound has violated monthly resistance at 1.7645 making the 1.8000 level its next upside target. Initial support lies at the steep Nov uptrend line (1.7494-1.7590). CC below targets violated monthly resistance (now support) at...

Eurodollar.(Financial Markets)
January 2, 2004... June has resistance at its Oct high of 9870 1/2. Initial support is now the Nov high at 9848. CC below sets up a test of the neckline (9826 1/2-9828 1/2)of a possible Mar/ Sep H&S top pattern. SYMBOL=EDM JUN.04 EURODOLLARS (IMM) ...

T-Bond & T-Note (10-yr.).(Financial Markets)
January 2, 2004... March T-Bonds are probing support at their Aug/Nov uptrend line (107-26/108-03) alter failing to post CC. above resistance at the Sep high of 110-28. CC below targets the Oct low at 104-10 later this winter. Momentum indicators are bearish...

Copper.(Financial Markets)
January 2, 2004... March has violated resistance at 1.0350. The next upside target lies near the 2x breakout projection of the '02/'03 rectangle (approx. .6550-.8000) near 1.0900. Resistance above there lies at the .50 retracement level of the '89/'01 decline at...

Gold.(Financial Markets)
January 2, 2004... February is trading right below monthly resistance at 419.70. Daily CC above. targets monthly resistance at 430.30 (2/90). Initial support lies at the Oct/Nov uptrend line (405.70-408.30). CC below targets the longer-term Jul/Oct uptrend line...

Silver.(Financial Markets)
January 2, 2004... March has violated monthly resistance at 5.9500 making monthly resistance at 6.1070 its next upside target. That is the .618 retracement level of the 98/01 decline. Daily CC above sets up a test of the .764 retracement level at 6.6010. CC back...

Energy Complex.(Financial Markets)
January 2, 2004... February Crude Oil has initial support at 31.90. CC below targets the Sep/Nov uptrend line (30.52-30.76). CC below there sets up, a test of the late-Oct low at 27.92. The next upside target lies at weekly resistance of 35.84. Momentum...

S&P 500 Index.(Financial Markets)
January 2, 2004... 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).
January 2, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 34.493 Down Avg 13.823 Date Open High Low Close 12/29/03 ...

Platinum.
January 2, 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 12/18/03 09/17/03 ...

Traders' commitments as of December 22, 2003.
January 2, 2004... The CFTC will be releasing the next COT report on Monday, January 5, 2003 at 2:30 PM central time. Traders' Commitments as of December 22, 2003 NON-COMMERCIAL (LARGE SPECULATORS) COMMODITY ...

Weekly/monthly data.
January 2, 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)
January 2, 2004... January Feeder Cattle are near some weekly support at .7825 (4/03). Daily CC below targets weekly support at .7395. Closing resistance is horizontal at .8590. CC above targets the 12/03 weekly gap at .9072. February Live Cattle are nearing...

Lean hogs.(Agricultural Markets)
January 2, 2004... February have violated resistance at their Oct/Nov downtrend line (.5295-.5227) making horizontal closing resistance at .5675 their next upside target. CC above there targets horizontal weekly resistance at .6120 (9/03). Initial closing support...

Corn.(Agricultural Markets)
January 2, 2004... March is challenging resistance at its now filled Dec gap of 2.46. CC above targets this year s high at 2.57 3/4, followed by the contract high at 2.64. CC above those levels will target monthly resistance at 2.96 (9/02). Closing support...

Oats.(Agricultural Markets)
January 2, 2004... March reversed higher after approaching support at the Nov low of 1.38. CC above the filled Dec gap at 1.46 1/2 targets the Sep high at 1.58 1/4. CC above there targets the contract high at 1.78. SYMBOL=OH MAR.04 OATS (CBOT) Each...

Soybean Complex.(Agricultural Markets)
January 2, 2004... March Soybeans are attempting to post CC above their former contract high of 7.93. If accomplished, monthly resistance at 8.56 is the next upside target (basis Jan). Closing support lies at 7.65 followed 7.33. The USDA should have already...

Wheat (Chgo).(Agricultural Markets)
January 2, 2004... March posted sizable gains in thin holiday volume as concerns over the lack of protective snow cover hits the market. CC above the 4.05 level targets the contract high at 4.21 1/2. CC above there targets monthly resistance at 4.49. Closing...

Cotton.(Agricultural Markets)
January 2, 2004... March gapped higher after failing to post CC below its filled Dec gap of .7009 and is approaching horizontal resistance at its filled Oct Rap of .7580. CC above targets the Nov gap at .7830. Support is now the Dec uptrend line (.7077-.7154),...

Sugar.(Agricultural Markets)
January 2, 2004... March is making its way down to support at its contract low of 550. CC below targets monthly support at 482. Closing resistance starts at the Dec gap of 610. The rising ADX suggests the contract low is within reach. SYMBOL=SBH MAR.04...

Coffee.(Agricultural Markets)
January 2, 2004... March is starting to creep up towards resistance at the Oct high of .6810. CC above targets the Sep gap at .7175. CC above there will take the market up to resistance between .7500 and .7600. CC below support at the filled Dee gap of .6250...

Cocoa.(Agricultural Markets)
January 2, 2004... March is approaching support at its Oct/Nov uptrend line (1483-1494). CC below targets the '03 low at 1347. I'm going to call initial closing resistance the 12/24 high at 1560. CC above targets the Dec gap at 1633. Momentum indicators are...

Pork bellies.
January 2, 2004... 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.
January 2, 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 12/31/03 ...

Cattle.(Agricultural Markets)
January 9, 2004... March Feeder Cattle are trading higher after horizontal weekly support at .7825 (4/03) was approached (basis Jan). CC above the .8460 level opens the door for further upside gains and possible fill of the 12/03 gap on the weekly chart at .9072...

Lean hogs.(Agricultural Markets)
January 9, 2004... February have closing support at their Aug low of.5350, which is right near the Dec gap at .5355. CC below targets the contract low at .5075. The next upside target is horizontal closing resistance at .5675. CC above targets horizontal weekly...

Corn.(Agricultural Markets)
January 9, 2004... March is challenging, closing resistance at the '03 high of 2.57 3/4. Additional resistance lies at the contract high of 2.64. CC below, the Dec gap at 2.46 1/2 targets the Nov low at 2.35 1/2. CC below, there puts the contract low at 2.19 in...

Oats.(Agricultural Markets)
January 9, 2004... March is challenging resistance at its Sep high of 1.58 1/4. CC above targets the contract high at 1.78. CC below the 1.45 level targets horizontal support at the Nov low of 1.38. Momentum indicators remain bullish, suggesting higher prices...

Soybean complex.(Agricultural Markets)
January 9, 2004... March Soybeans have recently violated closing resistance at their former contract high of 7.93, which is now closing support. CC back below targets horizontal closing support at 7.65. Support below there lies at the 7.33 level. As it stands...

Wheat (Chgo).(Agricultural Markets)
January 9, 2004... March is having some trouble raking out horizontal closing resistance at 4.05. CC above targets the contract high at 4.21 1/2. Resistance above there is monthly at 4.49. CC below the Dec gap at 3.77 1/2 targets the Dec low at 3.58. Support...

Cotton.(Agricultural Markets)
January 9, 2004... March is challenging closing resistance at its filled Oct gap of .7580. CC above targets the Nov gap at .7830. CC above there targets the Oct gap at .8192. Initial closing support is now horizontal at the early Dec high of .7390. CC below...

Sugar.(Agricultural Markets)
January 9, 2004... March has 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. ADX and O.I continue to rise hinting the contract low will be...

Coffee.(Agricultural Markets)
January 9, 2004... March has violated closing resistance at its late-Oct high of .6810 suggesting a fill of the Sep gap at .7175. CC above there targets resistance between the Sep and May highs at .7500 and .7600 respectively. CC below initial support at the Dec...

Cocoa.(Agricultural Markets)
January 9, 2004... March rocketed higher after probing support at its Oct/Nov uptrend line (1496-1506). The rally was a result of some lingering Ivory Coast concerns (the situation there has really quieted down recently), that pushed the market into some big fund...

Pork bellies.
January 9, 2004... 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 10/14/02 08/05/03 9340...

Frozen orange juice.
January 9, 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 12/31/03 ...

Cattle.(Agricultural Markets)
January 16, 2004... March Feeder Cattle are challenging the .8460 level. CC above targets the 12/ 03 weekly gap at .9072 (basis Jan). CC below the filled Jan gap of .8280 will suggest a test of the contract low at .7750. Momentum indicators remain bullish and hint...

Lean Hogs.(Agricultural Markets)
January 16, 2004... April have support at their Dec gap of .5500. CC below targets the contract low at .5353. The next upside target lies at the Oct/Nov downtrend line (.5894-.5876). CC above targets closing resistance at .6050. SYMBOL=LHJ APR.04 HOGS...

Corn.(Agricultural Markets)
January 16, 2004... March has violated its contract high at 2.64 suggesting a move up to horizontal monthly resistance at 2.96 (9/02). CC back below the 2.64 level targets the Jan gap at 2.52 3/4. The rising ADX and O.I. bode well lot additional upside next week....

Oats.(Agricultural Markets)
January 16, 2004... March has violated closing resistance at its Sep high of 1.58 1/4 suggesting a move up to me contract high at 1.78. CC above there targets horizontal weekly resistance at 1.90 1/2. Closing support lies at the Jan gap of 1.56 1/4. CC below...

Soybean Complex.(Agricultural Markets)
January 16, 2004... March Soybeans are approaching their next upside target at horizontal monthly resistance of 8.56.(7/96). Daily CC above targets monthly resistance at 9.03 1/2 (5/97). Initial support is now the steep Dec/Jan uptrend line (8.21-8.41). CC below...

Wheat (Chgo).(Agricultural Markets)
January 16, 2004... March continues to have trouble taking out horizontal closing resistance at 4.05. CC above targets the contract high at 4.21 1/2. CC below the Dec gap at 3.77 1/2 targets the Dec low at 3.58. Support below there lies at the May/Oct uptrend line...

Cotton.(Agricultural Markets)
January 16, 2004... March has come off closing support at the early-Dec high of 7390 and is approaching closing resistance at its filled Oct gap of .7580 once again. CC above targets the Nov gap at .7830 followed by the Oct gap at .8192. CC below the .7390 level...

Sugar.(Agricultural Markets)
January 16, 2004... March has 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. ADX has not turned down and O.I continues to rise hinting the...

Coffee.(Agricultural Markets)
January 16, 2004... March is heading up to resistance at its Sep gap of .7175. CC above targets resistance between the Sep and May highs at .7500 and .7600 respectively. CC below initial support at the Dec high of .6750 targets support at the Dec uptrend line...

Cocoa.(Agricultural Markets)
January 16, 2004... March has turned down to challenge horizontal closing support at its Nov high of 1598 after violating closing resistance at 1633 but coming short of its next upside target at 1736. CC below will signal a test of the probed Oct/Nov uptrend line...

Feb.04 Pork Bellies (CME).
January 16, 2004... 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 ...

Mar.04 frozen orange juice (NYCE).
January 16, 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 12/31/03 ...

Currencies.(Financial Markets)
January 16, 2004... The March British Pound has turned down to challenge support at its Nov uptrend line (1.7735-1.7825). CC below targets violated monthly resistance at 1.7645. Resistance is monthly at 1.8565, which is the .764 retracement level of the '92/ "01...

Eurodollar.(Financial Markets)
January 16, 2004... June is trading right above violated resistance (now support) at its Oct high of 9870 1/2. CC below targets support at the Dec/Jan uptrend line (9859-9864 1/2). CC below there targets the Aug/Nov uptrend line (9830 1/4-9831 3/4). If the 9870...

T-Bond & T-Note (10-yr.).(Financial Markets)
January 16, 2004... March T-Bonds are probing resistance at the now filled Jul gap at 113-10. CC above targets the Jun gap at 116-06. CC below horizontal support at the Nov high of 110-08 targets the Aug/Jan uptrend line (107-26/108-03). The rising ADX and O.I....

Copper.(Financial Markets)
January 16, 2004... March's next upside target lies at monthly resistance of 1.1125, which is the .50 retracement level of the '98/'01 decline. Daily CC above targets monthly resistance at 1.1355, which is the .618 retracement level of the '95/'01 decline. CC...

Gold.(Financial Markets)
January 16, 2004... February is attempting to post CC below support at its Oct/Nov uptrend line (412.20-415.00) If accomplished, the Jul/Oct uptrend line (391.50-392.70) becomes the next downside target. Initial closing resistance is now the Jan gap of 418.00....

Silver.(Financial Markets)
January 16, 2004... March faded after failing to post daily CC above monthly resistance at 6.6010, which is the .764 retracement level of the '98/'01 decline. CC below support at the Nov uptrend line (6.0650-6.1550) targets the Dec gap at 5.8050. Initial closing...

Energy complex.(Financial Markets)
January 16, 2004... March Crude Oil is attempting to post CC below its filled Dec gap of 32.80 If accomplished, the Sep/Nov uptrend line (30.44-30.64) becomes the next downside target. Resistance is weekly at 35.84. Daily CC above targets monthly resistance at...

S&P 500 index.(Financial Markets)
January 16, 2004... March continues to trend up to 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. Initial support is now the Nov/Dec uptrend line (1099-1105.80). CC below...

Dow Jones 30 Complex.
January 16, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 36.869 Down Avg 17.114 Date Open High Low Close 01/12/04 10461 1/2...

Apr.04 Platinum (NYMEX).
January 16, 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 01/13/04 09/17/03 86700 ...

Traders' commitments as of January 13, 2004.
January 16, 2004... Traders' Commitments as of January 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.
January 16, 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)
January 23, 2004... March Feeder Cattle have violated closing resistance at .8460 as weekly gap resistance at .9072 was equaled (basis Jan). CC above the Dec gap at .8590 targets the previous Dec gap at .8890. CC back below the .8460 level targets the Jan gap at...

Lean Hogs.(Agricultural Markets)
January 23, 2004... April are nearing resistance at their Oct/Nov downtrend line (.5866-.5850). CC above Targets horizontal closing resistance at .6050. CC below the Dec gap at .5500 targets the contract low at .5355. SYMBOL=LHJ APR.04 HOGS (CME) ...

Corn.(Agricultural Markets)
January 23, 2004... March is making its way up to horizontal monthly resistance at 2.96 (9/02). Daily CC above targets horizontal monthly resistance at 3.20 (4/97). CC back below the former contract high at 2.64 targets the Jan gap at 2.52 3/4. ADX and O.I....

Oats.(Agricultural Markets)
January 23, 2004... March is flirting with support at its filled Jan gap of 1.56 1/4. CC below targets the 1.45 level. The next upside target is the contract high of 1.78. CC above the Jan high at 1.64 3/4 will bolster this scenario. SYMBOL=OH MAR. 04...

Soybean complex.(Agricultural Markets)
January 23, 2004... March Soybeans are nearing horizontal monthly resistance at 8.56 (7/96). Daily CC above increases the chance for a move up to horizontal monthly resistance at 9.03 1/2 (5/97). I've redrawn trendline support, as the old trendline was just rob...

Wheat (Chgo).(Agricultural Markets)
January 23, 2004... March has been unable to post CC above resistance at 4.05. If accomplished, the contract high at 4.21 1/2 becomes the next upside target. CC below the Dec gap at 3.77 1/2 targets the Dec low at 3.58. Support below there is weekly at the...

Cotton.(Agricultural Markets)
January 23, 2004... March is attempting to post CC above resistance at its filled Oct gap of .7580. If accomplished, the Nov gap at .7830 is the next upside target followed by the Oct gap at .8192. Support lies at the Dec uptrend line (.7323-.7486). CC below...

Sugar.(Agricultural Markets)
January 23, 2004... Sugar March has 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. ADX has not turned down and O.I continues to rise hinting the...

Coffee.(Agricultural Markets)
January 23, 2004... March is closing between resistance at .7500 and .7600. CC above the .7600 level targets the 1/03 high at .8000. CC above there targets the contract high at .8300. CC below the bottom of the filled Sep gap at .7150 targets support at the Dec...

Cocoa.(Agricultural Markets)
January 23, 2004... March posted a bogus (up to this point) sell signal by posting CC below horizontal support at its Nov high at 1598 then promptly rallying. Closing resistance at the filled Jan imp of 1626 has been violated making closing resistance at the Aug...

Feb.04 pork bellies (CME).
January 23, 2004... 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 ...

Mar.04 frozen orange juice (NYCE).
January 23, 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 ...

Currencies.(Financial Markets)
January 23, 2004... The March British Pound has turned back up after slightly probing support at its Nov uptrend line (1.7852-1.7953). Resistance lies between the contract high at 1.8486 and monthly resistance at 1.8565, which is the .764 retracement level of the...

Eurodollar.(Financial Markets)
January 23, 2004... June is respecting support at its Oct high of 9870 1/2 along with its Dec/Jan uptrend line (9865 1/2-9870 1/2). CC below those levels targets horizontal support at the Jan low of 9846. As it stands now, the next upside target lies at the...

T-Bond & T-Note (10-yr.).(Financial Markets)
January 23, 2004... March T-Bonds continue to probe resistance at the filled Jul gap of 113-10. CC above targets the Jun gap at 116-06. CC below horizontal support at the Nov high of 110-08 will lead to a test of support at the Aug/Jan uptrend line...

Copper.(Financial Markets)
January 23, 2004... March has violated monthly resistance at 1.1125, making monthly resistance at 1.1340 (rev.), which is the .618 retracement level of the '95/'01 decline, its next upside target. Daily CC above there targets a possible upside target near 1.1620,...

Gold.(Financial Markets)
January 23, 2004... April has violated initial support at its Oct/Nov uptrend line (414.20-416.70), which is now closing resistance. Additional resistance lies at the Jan gap of 419.00. The next downside target lies at the Jul/Oct uptrend line (396.90-398.60). CC...

Silver.(Financial Markets)
January 23, 2004... Silver March bounced after approaching support at its Nov uptrend line (6.1720-6.2640) and is challenging resistance at its filled-Jan gap of 6.3700. CC above targets monthly resistance at 6.6010, which is the .764 retracement level of the...

Energy complex.(Financial Markets)
January 23, 2004... March Crude Oil is heading up horizontal weekly resistance at 35.84 after probing closing support at 32.60. Daily CC above weekly resistance will lead to a test of monthly resistance at 37.95 (3/03). Support now lies at the Nov/Jan uptrend line...

S&P 500 index.(Financial Markets)
January 23, 2004... March continues to trend up, to 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. Initial support lies at the Nov/Dec uptrend line (1107.30-1114.40). CC...

Dow Jones 30 industrials (CASH).
January 23, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 33.255 Down Avg 20.778 Date Open High Low Close 01/19/04 01/20/04...

Apr.04 platinum (NYMEX).
January 23, 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 01/13/04 09/17/03 86700 ...

Traders' commitments as of January 20, 2004.
January 23, 2004... Traders' Commitments as of January 20, 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.
January 23, 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...