Commodity Price Charts articles from July 2003

Commodity Price Charts archives from July 2003

Cattle.(Agricultural Markets)(feeder cattle)(Illustration)
July 25, 2003... August Feeder Cattle are near monthly resistance at .9145. Daily CC above will open the door for a run to monthly resistance at .9515 (4/79). CC below former resistance at .8849 will target the Mar/May uptrend line (.8481-.8506). The rising ADX...

Lean hogs.(Agricultural Markets)(Illustration)
July 25, 2003... August crashed through horizontal support at the former contract high of.6120 and are poised to Test horizontal support at the Feb low of.5630. CC below there targets the contract low at .5472. Resistance is horizontal at .6120 with CC above...

Corn.(Agricultural Markets)(Illustration)
July 25, 2003... December set contract lows as weekly support between the 5/02 weekly gap at 2.03 1/4 and the 8/00-5/02 weekly uptrend line, right near 2.02 next week, is approached (basis Sep) Daily CC below the 2.02 level (Sep) targets horizontal weekly...

Oats.(Agricultural Markets)(Illustration)
July 25, 2003... September probed horizontal weekly support at 1.24 1/2 but CC below will greatly increase the chance for a move down to the next weekly support level at 1.15. CC above the filled Jul gap at 1.33 1/2 targets resistance at the Feb/May downtrend...

Soybean complex.(Agricultural Markets)(Illustration)
July 25, 2003... November Soybeans are near horizontal support at their Mar low of 5.07 1/4. Support below there lies at the Oct low of 4.97. Resistance is the Jun downtrend line (5.36-5.29 1/2). CC above will target the Jul gap at 5.46 1/2. The rising ADX...

Wheat.(Agricultural Markets)(Illustration)
July 25, 2003... September is probing horizontal closing resistance at 3.47. CC above will lead to a test of the Sep gap at 3.70 followed by the contract high at 3.82. Initial support lies at the steep Jul uptrend line (3.25 3/4-3.32). CC below targets...

Cotton.(Agricultural Markets)(Brief Article)(Illustration)
July 25, 2003... December is attempting to post CC below its Jun gap at .5930. If accomplished, the Jun gap at .5650 is the next downside target. CC above resistance at the former contract high of .6275 targets the breakout projection of the Jun bullish flag...

Sugar.(Agricultural Markets)(Illustration)
July 25, 2003... October is challenging resistance at its Feb/Apr downtrend line (.0704-.0700). CC above targets the Apr high at .0757 followed by the contract high at .0795. Support lies at the Jul gaps of .0656 and .0629. The rising ADX suggests higher prices...

Coffee.(Agricultural Markets)(Illustration)
July 25, 2003... September attempted, but has thus far been unable to post CC above the .6365 level. If accomplised, the Dec/May downtrend line (.6877-.6855) is an upside target (note possible resistance at May's gap of .6725). Downside support lies at the...

Cocoa.(Agricultural Markets)(Illustration)
July 25, 2003... September has downside support at the 6/02 minor low of 1400. CC below opens the door for a moved down towards the 2/02 gap at 1207. Resistance now lies at the Feb/Jul downtrend line (1592-1572). CC above targets horizontal weekly resistance...

Currencies.(Financial Markets)(Illustration)
July 25, 2003... The September British Pound filled its Apr gap at 1.5798 but CC below will call for lower prices and target weekly support at 1.5390. CC back above violated support at 1.6138 targets the Jun/Jul downtrend line (1.6477-1.6432). Momentum...

Eurodollar.(Financial Markets)(Illustration)
July 25, 2003... December has resistance at its May high of 9893. CC above targets the contract high at 9909. Support at the long-term Jul/Dec uptrend line was violated in Jun opening the door for a move down to the interest rate significant 9850 level. The...

T-Bond & T-Note (10-yr.).(Financial Markets)(Illustration)
July 25, 2003... September T-Bonds are nearing horizontal support at the Mar low of 108-05 after crashing through numerous support levels. CC below will target horizontal weekly support at 107-02. Initial resistance lies at the steep Jun downtrend line...

Copper.(Financial Markets)(Illustration)
July 25, 2003... September has resistance at its Mar gap of .7990 followed by its contract high of .8100. CC below this week's gap at .7820 bodes well for a test of the Apr Jul uptrend line (.7603-.7630). CC below there will target the Apr low at .7150....

Gold.(Financial Markets)(Illustration)
July 25, 2003... December has violated resistance at its May/Jun downtrend line (350.10-347.90) suggesting a move up to the May high at 376.00 (cc above the filled Jun gap at 363.00 will bolster this scenario). CC above there targets the contract high at 387.50...

Silver.(Financial Markets)(Illustration)
July 25, 2003... September is challenging resistance at its contract high of 5.2220. CC above bodes well for a run up to weekly resistance at 5.6000. Support is now the Feb high at 4.9900. CC below calls for a test of the Jun uptrend line (4.6170-4.6370). Be...

Energy complex.(Financial Markets)(oil, gas)(Illustration)
July 25, 2003... September Crude Oil is probing support at its May/Jun uptrend line (29.78-30.13). CC below targets closing support at the filled May gap of 27.80. CC below there will lead to a test of the Apr low at 24.80. Resistance lies at the contract high...

S&P 500 index.(Financial Markets)(Illustration)
July 25, 2003... September has resistance at its Jun high 1015.60. CC above opens the door for a run to monthly resistance at 1075.60, which is the .382 retracement level of the '00/'02 decline. Support is horizontal at the Jul low of 960.50. CC below targets...

Traders' commitments as of July 22, 2003.(Illustration)
July 25, 2003... Traders' Commitments as of July 22, 2003 NON-COMMERCIAL (LARGE SPECULATORS) COMMODITY Long Change Short Change Cattle (Feeder) 10,638 1,800 3,457 ...

Weekly/monthly data: listed below is the data to update your weekly and monthly charts.(Illustration)
July 25, 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...