Commodity Price Charts articles from March 2004

Commodity Price Charts archives from March 2004

Cattle.(Agricultural Markets)
March 5, 2004... May Feeder Cattle have violated resistance at their Jan high of .8730 making the Oct/Dec DTL (.9074-.9066) their next upside target. Support lies at the Dec/Feb UTL (.8507-.8556). CC below targets the Feb low at .8355. April Live Cattle have...

Lean hogs.(Agricultural Markets)
March 5, 2004... April are heading south after attempting to post CC above their former contract high of .6240. CC above Mar's gap at .6255 targets weekly resistance at the 4/ 00-7/01 DTL, crossing near .6700 next week. Support lies at the Dec/Feb UTL...

Corn.(Agricultural Markets)
March 5, 2004... May is taking a breather after Mar failed to post CC above monthly resistance at 2.96. If accomplished, monthly resistance at 3.20 becomes the market' s next upside target. Support for May lies at the Jan/Feb UTL (2.84 3/4-2.86 3/4) drawn off...

Oats.(Agricultural Markets)
March 5, 2004... May will need CC above its former contract high of 1.63 3/4 to greatly increase the chance for a move up to the breakout projection of its Jan/Feb downward channel right near 1.75. Support lies at the Dec/Feb UTL (1.52 3/4-1.53 1/2). CC below...

Soybean complex.(Agricultural Markets)
March 5, 2004... May Soybeans are correcting after monthly resistance at 9.68 1/2 was probed (basis Mar). Resistance above there is monthly at 10.20 (basis Mar/May). CC below the Feb gap, at 8.92 targets support at the Dec/Feb UTL (8.50 1/4-8.59 3/4). ADX...

Wheat (Chgo).(Agricultural Markets)
March 5, 2004... May reversed after making a feeble attempt at its contract high of 4.13 and is nearing support at its Jul/Oct UTL (3.59 1/2-3.60 1/2). CC below targets the Oct low at 3.34. Momentum indicators are bearish, which suggests the said UTL is within...

Cotton.(Agricultural Markets)
March 5, 2004... May has reversed after probing resistance at its Oct/Jan DTL (.7312-.7257). CC above will target horizontal resistance between. 7730 and. 7740. Initial support at the steep Feb UTL has been violated which suggests a move down to support between...

Sugar.(Agricultural Markets)
March 5, 2004... May is attempting to post CC above its Jan high at 616. If accomplished, the Dec high at 667 is the next upside target. CC above there targets the Aug high at 710. CC below support at the Feb UTL (612-626) targets the contract low at 550. The...

Coffee.(Agricultural Markets)
March 5, 2004... May is being held in check by resistance at its Jan/Feb DTL (.7572-.7507). CC above targets the Jan high at .8060 followed by the contract high at .8290. Support lies at the Dec UTL (.7162-.7214). CC below could see a move all the way down to...

Cocoa.(Agricultural Markets)
March 5, 2004... May has violated support at its Feb gap of 1515 suggesting a move down to closing support at the Nov gap of 1437. CC below there targets fine contract low at 1345. CC above the Mar gap at 1518 targets resistance at the Dec/Jan DTL (1578-1567)....

May.04 MPLS wheat (MGE).
March 5, 2004... SYMBOL=MWK MAY. 04 MPLS WHEAT (MGE) Each Horizontal Line = 5 Cents 1 cent = $50 Minimum Move: 1/4 Cent FND: 4-30-04 LTD: 5-19-04 OPTIONS EXPIRE: 4-23-04 High Low 02/26/04 12/31/03 4346 ...

May.04 KC wheat (KCBT).
March 5, 2004... SYMBOL=KWK MAY.04 KC WHEAT (KCBT) Each Horizontal Line = 5 Cents 1 cent = $50 Minimum Move: 1/4 Cent FND: 4-30-04 LTD: 5-19-04 OPTIONS EXPIRE: 4-23-04 High Low 01/13/04 05/01/03 4120 ...

May.04 canola (WCE).
March 5, 2004... SYMBOL=RSK MAY.04 CANOLA (WCE) Each Horizontal Line = 2 1/2 C$ C$1 = C$20 Minimum Move: C10 cents FND: 4-30-04 LTD: 5-14-04 OPTIONS EXPIRE: 4-16-04 High Low 02/26/04 04/14/03 42040 ...

May.04 frozen orange juice (NYCE).
March 5, 2004... SYMBOL=OJK MAY.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 Pts. FND: 5-3-04 LTD: 5-10-04 OPTIONS EXPIRE: 4-16-04 High Low 11/19/02 03/01/04 ...

May.04 rough rice (CBOT).
March 5, 2004... SYMBOL=NRK MAY.04 ROUGH RICE (CBOT) Each Horizontal Line = 10 Points .005 = $10.00 Minimum Move: .005 FND: 4-30-04 LTD: 5-19-04 OPTIONS EXPIRE: 4-23-04 High Low 03/04/04 04/03/03 99800 ...

Cattle.(Agricultural Markets)
March 12, 2004... May Feeder Cattle have recently violated their Jan high at .8730 making resistance at Dec gap (rev.) at .9100 their next upside target. CC above there targets resistance between the Dec high at .9282 and the contract high at .9390. Closing...

Lean hogs.(Agricultural Markets)
March 12, 2004... April have violated resistance at their Mar gap of .6255 leaving the door open for a test of weekly resistance at the 4/00-7/01 DTL, crossing near .6690 next week. CC below the possible Mar gap at .6335 targets support at the Dec/Feb UTL...

Corn.(Agricultural Markets)
March 12, 2004... May is consolidating below its contract high as monthly resistance at 2.96 continues to hold the Mar contract in check. Support for May lies at the Jan/Feb UTL (2.87 1/4-2.89 1/4), drawn off the 1/12 low. CC below targets the Jan minor low at...

Oats.(Agricultural Markets)
March 12, 2004... May will need CC above its former contract high of 1.63 3/4 to greatly increase the chance for a move up to the breakout projection of its Jan/Feb downward channel right near 1.75. Support lies at the Dec/Feb UTL (1.53 3/4-1.54 1/2). CC below...

Soybean complex.(Agricultural Markets)
March 12, 2004... May Soybeans are consolidating in volatile action after monthly resistance at 9.68 1/2 was probed. Daily CC above targets monthly resistance at 10.20. CC below the 9.24 level targets Feb gap support at 8.92. CC below there targets support at...

Wheat (Chgo).(Agricultural Markets)
March 12, 2004... May is challenging support at its long-term Jul/Oct UTL (3.60 3/4-3.61 3/4). CC below targets horizontal support at the Oct low of 3.34. CC above the filled Mar gap at 3.72 1/4 targets the Aug high at 3.84. Momentum indicators have some...

Cotton.(Agricultural Markets)
March 12, 2004... May is turning up after coming near support at its Sep gap of .6325. CC below there targets the Aug low at .5910. CC above the Mar gap at .6660 targets resistance at the Oct/Feb DTL (.7307-.7253). CC above there targets the Feb high at .7448....

Sugar.(Agricultural Markets)
March 12, 2004... May is challenging its Dec high at 667. CC above targets the Aug high at 710, followed by the contract high of 732. Support is now the Feb/Mar UTL (623-636) with CC below targeting closing support at the Mar low of 601. Momentum indicators are...

Coffee.(Agricultural Markets)
March 12, 2004... May is attempting to post CC above its probed Jan/Feb DTL (.7488-.7426). If accomplished, the next upside target lies at the Jan high of .8060, followed by the contract high at .8290. Support lies at the Dec UTL (.7227-.7282). CC below will...

Cocoa.(Agricultural Markets)
March 12, 2004... May has violated closing support at its Nov gap of 1437 making support between the contract low at 1345 and monthly support at 1341, which is the 618 retracement level of the '00/'03 rally, its next downside target. Daily CC below the 1341...

Pork bellies.(Agricultural Markets)
March 12, 2004... SYMBOL=PBK MAY.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 5-10-04 LTD: 5-25-04 OPTIONS EXPIRE: 5-7-04 High Low 03/02/04 08/12/03 10025 7940 Date...

Orange juice.(Agricultural Markets)
March 12, 2004... SYMBOL=OJK MAY.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts FND: 5-3-04 LTD: 5-10-04 OPTIONS EXPIRE: 4-16-04 High Low 11/19/02 03/11/04 11105 6075 Date...

Cattle.(Agricultural Markets)
March 19, 2004... May Feeder Cattle have turned down after equaling their Dec gap at .8875. CC above will target the Dec gap at .9100. CC below the Mar gap at .8540 targets the Feb low at .8355. April Live Cattle are trading down after failing to post CC above...

Lean hogs.(Agricultural Markets)
March 19, 2004... April are heading up to weekly resistance at the 4/00-7/01 DTL crossing near .6685 next week. Daily CC above targets weekly and monthly resistance between .6902 and .6915 respectively. CC below the possible Mar gap at .6335 will lead to a test...

Corn.(Agricultural Markets)
March 19, 2004... May is near monthly resistance at 3.20 (4/97), which happens to coincide with the .382 retracement level of the '96/'00 decline at 3.19 1/2. Daily CC above makes the .50 retracement level at 3.64 1/4 the next upside target. Initial support is...

Oats.(Agricultural Markets)
March 19, 2004... May is challenging the breakout projection of its Jan/Feb downward channel right near 1.75. CC targets weekly resistance at 1.90 1/2 (4/03). Initial support is now the Mar gap at 1.67. CC below targets the Dec/Feb UTL (1.54 1/2-1.55 1/4). The...

Soybean complex.(Agricultural Markets)
March 19, 2004... May Soybeans are challenging monthly, resistance at 10.20 (7/88). Daily CC above targets the 7/88 weekly high at 10.59 1/2. Daily CC above there targets monthly resistance at 10.99 1/2 (6/88). Initial support is now the Mar gap at 9.99. CC...

Wheat (Chgo).(Agricultural Markets)
March 19, 2004... May, turned up strongly after testing support at its Jul/Oct UTL (3.61 3/4-3.62 1/2) and has violates its Aug high at 3.84. The next upside target lies at the contract high of 4.13. CC above opens the door for a run up to monthly resistance at...

Cotton.(Agricultural Markets)
March 19, 2004... May has turned up after probing support at its Sep gap of .6325. Initial resistance at the Mar gap of .6660 is being challenged. CC above bodies well for a test of resistance at the Oct/Feb DTL (.7236-.7180). Resistance above there lies at the...

Sugar.(Agricultural Markets)
March 19, 2004... May has violated closing resistance at its Dec high of 667 making the Aug high at 710 its next upside target. CC above there targets the contract high at 732. Resistance above, there is weekly at 790. Support lies at the Feb/Mar UTL (638-651)...

Coffee.(Agricultural Markets)
March 19, 2004... May's next upside target lies at its Jan high of .8060. CC above targets the contract high at .8290. Resistance above there is monthly at .9100 (10/00). Support remains the Dec UTL (.7315-.7372). CC below targets the Feb low at .7050. CC below...

Cocoa.(Agricultural Markets)
March 19, 2004... May has resistance at its Mar gap of 1518. CC above targets the Dec/Jan DTL (1547-1535) followed by horizontal closing resistance at the 1600 level. CC below the Mar gap at 1414 targets support between the contract low at 1345 and monthly...

Pork Bellies.(Agricultural Markets)
March 19, 2004... SYMBOL=PBK MAY.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 5-10-04 LTD: 5-25-04 OPTIONS EXPIRE: 5-7-04 High Low 03/19/04 08/12/03 10407 ...

Orange juice.(Agricultural Markets)
March 19, 2004... SYMBOL=OJK MAY.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 5-3-04 LTD: 5-10-04 OPTIONS EXPIRE: 4-16-04 High Low 11/19/02 03/19/04 ...

Currencies.(Financial Markets)
March 19, 2004... The June British Pound is attempting to post CC above its steep Feb/Mar DTL (1.8106-1.7960). If accomplished, horizontal closing resistance at the Jan high of 1.8373 is the next upside target. Downside support lies at the Jan low of 1.7638. The...

Eurodollar.(Financial Markets)
March 19, 2004... September continues to press horizontal resistance at the interest rate significant 9875 level. CC above targets the 9887 1/2 level. Initial support lies at the Dec/ Feb UTL (9860-9864 1/2). CC below targets the Jan low at 9825. Although...

T-Bond & T-Note (10-yr.).(Financial Markets)
March 19, 2004... June T-Bonds have equaled closing resistance at their Jun reaction high of 116-12. CC above targets the contract high at 118-26. Closing support lies at violated resistance of 114-30. CC back below sets up a test of the Jan/Mar UTL...

Copper.(Financial Markets)
March 19, 2004... May is attempting to post CC above its Mar gala of 1.3655. If accomplished, the contract high at 1.3990, which is also horizontal monthly resistance (basis Mar, 12/ 95), is the next upside target. CC back below the bottom of the said gap at...

Gold.(Financial Markets)
March 19, 2004... June easily broke through resistance at its Jan/Feb DTL (407.20-405:20) making the Jan gap at 420.00 its next upside target. CC above there targets me contract high at 431.00. Initial support is now the steep Mar UTL (401.90-406.20). Momentum...

Silver.(Financial Markets)
March 19, 2004... May set a contract high as monthly resistance at 7.4000 is challenged (basis Mar). If Mar can post daily CC above, which seems likely, the market's next upside target is monthly resistance at 8.1600 (basis Mar, 7/88). May has closing support at...

Energy Complex.(Financial Markets)
March 19, 2004... May Crude Oil is right near monthly resistance at 37.95. Daily CC above bodes well for a move up to monthly resistance at 39.99. Initial support lies at the Feb/Mar UTL (35.75-36.36). CC below targets the Nov/Feb UTL (32.22-32.40). May Heating...

S&P 500 index.(Financial Markets)
March 19, 2004... Index June has support at its Aug/Sep UTL (1104.20-1107.40). CC below targets weekly support at the 8/03-9/03 UTL, crossing near 1068 next week. Resistance is horizontal at 1133.90. CC above targets the contract high at 1162.30. Resistance...

Dow Jones Complex.(Financial Markets)
March 19, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 27.312 Down Avg 44.684 Date Open High Low Close 03/15/04 10238 ...

Platinum.(Financial Markets)
March 19, 2004... SYMBOL=PLN JUL.04 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 7-1-04 LTD: 7-27-04 OPTIONS EXPIRE: 6-16-04 High Low 03/10/04 12/29/04 91310...

Traders' commitments as of March 16, 2004.
March 19, 2004... Traders' Commitments as of March 16, 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.
March 19, 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...

Currencies.(Financial Markets)
March 26, 2004... Currencies The June British Pound has violated resistance at its steep Feb/Mar DTL but has turned down after probing horizontal closing resistance at the Jan high of 1.8373. CC above there will target closing resistance at the filled Feb gap of...

Eurodollar.(Financial Markets)
March 26, 2004... September continues to trade below horizontal resistance at the interest rate significant 9875 level. CC above targets the 9887 1/2 level. Initial support lies at the Dec/Feb UTL (98665 1/2-9870). CC below targets the Mar low at 9846. ...

T-Bond & T-Note (10-yr.).(Financial Markets)
March 26, 2004... June T-Bonds equaled closing resistance at their Jun reaction high of 116-12. CC above targets the contract high at 118-26. Closing support lies at violated resistance of 114-30. CC below sets up a test of the Jan/Mar UTL (113-03/113-18). The...

Copper.(Financial Markets)
March 26, 2004... May is attempting to post CC below its filled Mar gap of 1.3505. If accomplished, the Nov/Jan UTL (1.3120-1.3300) is the next downside target. CC below mere targets closing support at the 40-day M.A., currently near 1.2852. Support below there...

Gold.(Financial Markets)
March 26, 2004... June is probing resistance at its filled Jan gap of 420.00. CC above targets the contract high at 431.00. CC above there will lead to a test of monthly resistance at 449.90, which is the .764 retracement level of the '87/'99 decline. CC below...

Silver.(Financial Markets)
March 26, 2004... May's next upside target lies at monthly resistance of 8.1600 (7/88). Initial support is violated monthly, resistance at 7.4000. CC below targets closing support at the 3/12 close of 7.0630 followed by the Feb UTL (6.7420-6.8260). Although...

Energy Complex.(Financial Markets)
March 26, 2004... May Crude Oil has gapped below initial support at its Feb/Mar UTL after tfi6 market probed monthly resistance at 37.95. The next downside target is weekly support at the 9/03-2/04 UTL, crossing near 34.00 next week. Daily CC below there targets...

S&P 500 Index.(Financial Markets)
March 26, 2004... June has recently violated support at its Aug/Sep UTL (1108.40-1111.80), which is now closing resistance. CC back above targets Horizontal closing resistance at 1133.90. CC above the targets the contract high at 1162.30. The market's next...

Dow Jones 30 industrials (cash).
March 26, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points [GRAPHIC OMITTED] 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 30.171 Down Avg .38.747 Date Open High Low ...

Jul.04 platinum (Nymex).
March 26, 2004... SYMBOL=PLN JUL.04 PLATINUM (NYMEX) Each Horizontal Line = 5 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 7-1-04 LTD: 7-27-04 OPTIONS EXPIRE: 6-16-04 High Low 03/24/04 12/29/03 ...

Traders' Commitments as of March 23, 2004.
March 26, 2004... Traders' Commitments as of March 23, 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.
March 26, 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...