Commodity Price Charts articles from May 2004

Commodity Price Charts archives from May 2004

Cattle.(Agricultural Markets)
May 7, 2004... Cattle August Feeder Cattle posted a big outside day down before monthly resistance at 1.0270, which is the .764 retracement level of the '03/'04 decline, was hit (basis May). If May can post Daily CC above there its next upside target lies at...

Lean hogs.(Agricultural Markets)
May 7, 2004... June are probing horizontal monthly resistance at .7470 (7/01). Daily CC above targets resistance at the contract high of .7647. CC above there targets horizontal monthly resistance at .7810 (4/00). CC below the filled A or gap at .7407 targets...

Corn.(Agricultural Markets)
May 7, 2004... July has turned down to challenge support at its Jan/Feb UTL (3.09 3/4-3.11 3/4) after nearing Apr gap resistance at 3.29. CC above will targets the contract high at 3.42. CC below the said UTL targets the Mar low at 2.94 3/4. CC below there...

Oats.(Agricultural Markets)
May 7, 2004... July has turned down and is attempting to post CC below its filled Apr gap at 1.74 1/4 after failing to reach its next upside target at the contract high of 1.87. If accomplished, the next downside target lies at the Apr low of 1.63 3/4. CC...

Soybean complex.(Agricultural Markets)
May 7, 2004... July Soybeans have turned down after failing to post CC above the 10.21 level. If accomplished, monthly resistance between 10.59 1/2 and 10.64 will be the next upside targets (basis May). CC below the 9.77 level targets support at the Dec/Feb...

Wheat (Chgo).(Agricultural Markets)
May 7, 2004... July has turned down after filling its Apr gap at 4.14. CC above targets the contract high at 4.30 1/2. Monthly resistance lies at 4.18 3/4(basis May). CC below the May gap at 3.98 targets support at the probed Oct/Mar UTL (3.81 1/2-3.83). CC...

Cotton.(Agricultural Markets)
May 7, 2004... July has turned up from support between the 6/03 gap at .5878 and the 6/03 low at .5805. CC below the .5805 level wall lead to a test of he contract low at .5540. Initial resistance at the Feb/Apr DTL (.6150-.6045) is being challenged. CC above...

Sugar.(Agricultural Markets)
May 7, 2004... July is probing support at its Feb/Mar UTL (676-683). CC below targets horizontal support at 615. CC below there targets support between the Feb gap at 580 and the Feb low at 565. CC above the former contract high at 725 will suggest a test of...

Coffee.(Agricultural Markets)
May 7, 2004... July has turned up to violate initial resistance at its Mar/Apr DTL (.6960-.6835) after giving a false sell signal by posting CC below the .7030 level. The next upside target lies at the possible Apr gap at .7420. CC above there targets the Mar...

Cocoa.(Agricultural Markets)
May 7, 2004... July is attempting to post CC below its Apr gap at 1362 after failing to reach its next upside target at horizontal closing resistance of 1446. If accomplished, the contract low at 1325 becomes the next downside target. Monthly support lies at...

Jul.04 pork bellies (CME).(Agricultural Markets)
May 7, 2004... SYMBOL=PBN JUL.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 7-6-04 LTD: 7-27-04 OPTIONS EXPIRE: 7-2-04 High Low 05/07/04 08/12/03 11575 ...

Jul. 04 frozen orange juice (NYCE).(Agricultural Markets)
May 7, 2004... SYMBOL=OJN JUL.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Point 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 7-1-04 LTD: 7-12-04 OPTIONS EXPIRE: 6-18-04 High Low 12/11/02 04/30/04 ...

Currencies.(Financial Markets)
May 7, 2004... The June British Pound is nearing horizontal support at its Jan low of 1.7638 (note CC below were never posted). CC below targets some weekly support at 1.7242 (12/03). Note the neckline (1.7900-1.7910) of a Jan/Apr H&S top has been violated on...

Eurodollar.(Financial Markets)
May 7, 2004... September violated support at its Sep/Dec UTL (9824 1/2-9826) and is challenging the next support level at 9800. CC below targets the Nov low at 9765. Resistance lies at the Apr/May DTL (9825-9818 1/2). CC above targets the 9830 level. Note...

T-Bond & T-Note (10-yr.).(Financial Markets)
May 7, 2004... June T-Bonds are blowing through support at their Jan low of 105-27. The next downside target is weekly horizontal support at 103-27 (8/03). Additional support the Nov low of 103-07 (closing basis). Initial resistance is now the Apr/May DTL...

Copper.(Financial Markets)
May 7, 2004... July has violated resistance at its Apr gap of 1.2270 making resistance at its 18-day M.A., currently near 1.2534, the next upside target. CC above there will lead to a test of the Apr gap at 1.3010. CC below the filled Feb gap at 1.1920...

Gold.(Financial Markets)
May 7, 2004... June has recently posted CC back above violated support at 389.50 making the Apr gap at 396.30 its next upside target. CC back below the 389.50 level targets this year's low at 380.60. Support below there lies at the Oct low of 369.50. The...

Silver.(Financial Markets)
May 7, 2004... July was slammed after failing to post CC above the 6.0800 level (1/5 low). CC above would have targeted the 4/27 high at 6.3200. The Dec gap at 5.8200 is currently being probed. CC below targets support between the Dec low at 5.4200 and the...

Energy complex.(Financial Markets)
May 7, 2004... June Crude Oil has violated monthly resistance at 37.95 and is probing monthly resistance at 39.99 (2/03). Daily CC above targets the 1.382 retracement level of the Sep/Mar rally at 41.07. The .50 and .618 retracement levels lie at 42.38 and...

S&P 500 Index.(Financial Markets)
May 7, 2004... Jun has violated its Jan reaction low of 1020.90 making weekly support at toe 8/03-9/03 UT, crossing near 1090 next week its next downside target. This is near horizontal monthly support at 1085 (4/03). CC back above the 1020.90 level targets...

Dow Jones 30 Industrials (CASH).(Financial Markets)
May 7, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 21.949 Down Avg 39.247 Date Open High Low Close 05/03/04 10227 1/4...

Jul.04 platinum (NYMEX).(Financial Markets)
May 7, 2004... SYMBOL=PLN JUL.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 7-1-04 LTD: 7-27-04 OPTIONS EXPIRE: 6-16-04 High Low 04/12/04 04/29/04 93800...

Traders commitments as of May 4, 2004.
May 7, 2004... Traders Commitments as of May 4, 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.
May 7, 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)
May 14, 2004... August Feeder Cattle set a contract high as monthly resistance at 1.0270 was violated (basis May). The market's next upside target is horizontal monthly resistance at 1.0472 (basis May, 11/03). Support for Aug lies at the steep Apr...

Lean hogs.(Agricultural Markets)
May 14, 2004... June are attempting to post CC above their former contract high at .7647. If accomplished, horizontal monthly, resistance at .7810 (4/00) is the next upside target. Initial support is now the Feb/Apr UTL (.7264-.7326). CC below targets me Apr...

Corn.(Agricultural Markets)
May 14, 2004... July has violated support at its Jan/Feb UTL (3.12-3.14) and is probing its Mar low at 2.94 3/4. CC below targets the late-Jan low at 2.75 1/2. Support below there lies at the Jan gap of 2.59. Initial resistance lies at the possible May gap of...

Oats.(Agricultural Markets)
May 14, 2004... July has violated support at its Apr low of 1.63 3/4 making the Dec gap at 1.53 its next downside, target. CC below mere will lead to a test of the Nov low at 1.47 followed by the contract low at 1.40. Initial closing resistance is now...

Soybean complex.(Agricultural Markets)
May 14, 2004... July Soybeans are probing horizontal support at 9.77 after monthly resistance between 10.59 1/2 and 10.64 was tested (basis May). CC below targets the Dec/Feb UTL (9.49-9.57 1/2). CC below there targets the Apr low at 9.21. Resistance is...

Wheat (Chgo).(Agricultural Markets)
May 14, 2004... July has violated support at its probed Oct/Mar UTL (3.83-1/4-3.85), which is now closing resistance, and is near horizontal support at its Mar low of 3.64. CC below there targets support between 3.47 (Nov low) and 3.46 (Aug high). CC back...

Cotton.(Agricultural Markets)
May 14, 2004... July has recently, violated resistance at its late-Apr high of .6420 while establishing closing support at the May gap of .6180. The next upside target lies at the Mar gap of.6660. CC above targets the Oct/Feb DTL (.6902-6857). CC above mere...

Sugar.(Agricultural Markets)
May 14, 2004... July has violated support at its Feb/Mar UTL (685-693) making horizontal support at 615 its next downside target. CC below there targets support between the Feb gap at 580 and the Feb low at 565. CC above initial resistance at the May gap. of...

Coffee.(Agricultural Markets)
May 14, 2004... July has established support at its May low of .6905 as it tries to shake out weak longs. CC below the .6905 level targets the Dec gap at .6605. The next upside target lies at the possible Apr gap of .7420. CC above will lead-to a test of the...

Cocoa.(Agricultural Markets)
May 14, 2004... July has recently violated its Apr gap at 1362 making the contract low at 1325 its next downside target. CC below there targets monthly support at 1260 (1/02) followed by monthly support at 1212 (12/01). Resistance levels lies at the top of the...

Jul.04 pork bellies (CME).
May 14, 2004... SYMBOL-PBN JUL.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 pts. FND: 7-6-04 LTD: 7-27-04 OPTIONS EXPIRE: 7-2-04 High Low 05/11/04 08/12/03 11760 7987 14-DAY...

Jul.04 frozen orange juice (NYCE).
May 14, 2004... SYMBOL=OJN JUL.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Points 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 7-1-04 LTD: 7-12-04 OPTIONS EXPIRE: 6-18-04 High Low 12/11/02 05/14/04 11130 5575 ...

Currencies.(Financial Markets)
May 14, 2004... The June British Pound is attempting to post CC below horizontal support at its Jan low of 1.7638. If accomplished, some weekly support at 1.7242 (12/03.) is the next downside target. Note the neckline of a possible Jan/Apr H&S top has been...

Eurodollar.(Financial Markets)
May 14, 2004... September is probing horizontal support at the interest rate significant 9800 level. CC below opens the door for an eventual move down to the Nov low at 9765. Initial resistance lies at the Apr/May DTL (9817 1/4-9810 3/4). CC above targets...

T-Bond & T-Note (10-yr.).(Financial Markets)
May 14, 2004... June T-Bonds are near horizontal support (closing basis), at their Nov low of 103-07. CC below will suggest additional downside and possible test of the contract low at 100-15. Initial resistance lies at the steep Apr/May DTL (106-14/105-24),...

Copper.(Financial Markets)
May 14, 2004... July posted a possible island reversal before hitting its next downside target at some horizontal support at 1.1490. Closing support lies at the May gap of 1.1700. Initial resistance lies at the steep Apt/May DTL (1.1980-1.1640). CC above...

Gold.(Financial Markets)
May 14, 2004... June has violated horizontal support at its Apr low of 380.60 making the Oct low at 369.50 its next downside target. CC Below there targets weekly support at the 12/01-4/03 UTL, crossing near 359.50 next week. CC back above the 380.60 level...

Silver.(Financial Markets)
May 14, 2004... July is heading down to support between its Dec low at 5.4200 and its Nov gap at 5.3800. CC below the 5.3800 level opens the door for a test of the Oct low at 4.7600. CC above initial resistance at the Apt/May DTL (5.9420-5.8350) drawn off the...

Energy complex.(Financial Markets)
May 14, 2004... July Crude Oil set contract highs as front-month (June) resistance at .4107, which is the 1.382 retracement level of its Sep/Mar rally, is being challenged. If June can post CC above, its next upside targets lie at the 1.50 and 1.618...

S&P 500 index.(Financial Markets)
May 14, 2004... Jun posted a nice reversal day Wednesday after attempting to post CC below its Mar low of 1095 (4/03). Too bad heavy volume didn't accompany it. The market is doing well at $40 crude, but might start collapsing at $45-$50 crude. CC above the...

Dow Jones 30 industrials (cash).
May 14, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points Date Open High Low Close 05/10/04 10116 1/4 10116 1/4 9932 3/4 9990 05/11/04 9989 1/4 10038 1/4 9974 10019 1/2...

Jul.04 platinum (NYMEX).
May 14, 2004... SYMBOL = PLN JUL.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 7-1-04 LTD: 7-27-04 OPTIONS EXPIRE: 6-16-04 High Low 04/12/04 05/10/04 93800 76200 Date...

Traders' commitments as of May 11, 2004.
May 14, 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.
May 14, 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)
May 21, 2004... August Feeder Cattle set another string of contract highs this week, cracking through horizontal monthly resistance at 1.0270 and 1.0472 (basis May, 11/03). After wiping out virtually all of the losses from the mad-cow debacle, the only upside...

Lean hogs.(Agricultural Markets)
May 21, 2004... July hogs, after dropping back from a double top at .7725 last week, had an erratic week that wound up a little above where it started. That top is the upside target followed by horizontal monthly resistance at .7810 (4/00). Initial support is...

Corn.(Agricultural Markets)
May 21, 2004... July sank to a three-month low, steadied itself but then showed signs of falling further at the end of the week. CC below 2.87 1/2, which coincides with Feb lows, targets the late-Jan low at 2.75 1/2. CC closes above this week's high at 2.98%...

Oats.(Agricultural Markets)
May 21, 2004... July continued last week's plunge, dropping through the Nov low and threatening the contract low at 1.40 The ADX is still rising, indicating the downtrend could carry on, but RSI and Stochastics are deep in oversold territory, suggesting...

Soybean complex.(Agricultural Markets)
May 21, 2004... July Soybeans took it on the chin again, leaving a huge gap below the April low at 9.21 to start the week and sinking lower after several up and down days. With 10.00 beans looking like only a memory, the gap up to 9.32 provides still...

Wheat (Chgo).(Agricultural Markets)
May 21, 2004... July edged higher after last week's crash but couldn't generate much upside momentum with the beginning of harvest coming up. After cracking horizontal support at its Mar low of 3.64, the new downside support target is 3.57. CC below there...

Cotton.(Agricultural Markets)
May 21, 2004... July traded back and forth between .6200 and .6470, holding above closing support at the May gap of .6180 and below the Mar gap of .6660, which form the boundaries for breakouts into the next move. CC above targets the Oct/Feb DTL...

Sugar.(Agricultural Markets)
May 21, 2004... July snapped back after forming a double bottom with a late Mar low at 6266 before the recovery weakened. The double bottom provides healthy horizontal support. CC below there targets support between the early Mar low at 592 and the Feb low at...

Coffee.(Agricultural Markets)
May 21, 2004... July continues to play with weak longs trying to get positioned for the long-term bull market they anticipate. CC below the .6905 May low targets the Dec gap at .6605. An April high at .7380 and the Apr gap of .7420 offer the next resistance....

Cocoa.(Agricultural Markets)
May 21, 2004... July penetrated the April low at 1325 and then rocketed, higher Thursday, testing the late April high at 1430 after V-type bottoming action on the daily chart. The ADX and momentum indicators also turned around, suggesting the move can extend...

Pork bellies.(Agricultural Markets)
May 21, 2004... SYMBOL=PBN JUL.04 PORK BELLIES (CME) Each Horizontal Line = 100 Points 1 Pt. = $4.00 Minimum Move: 2.5 Pts. FND: 7-6-04 LTD: 7-27-04 OPTIONS EXPIRE: 7-2-04 High Low 05/11/04 08/12/03 11760 ...

Orange juice.(Agricultural Markets)
May 21, 2004... SYMBOL=OJN JUL.04 FROZEN ORANGE JUICE (NYCE) Each Horizontal Line = 100 Point 1 Pt. = $1.50 Minimum Move: 5 pts. FND: 7-1-04 LTD: 7-12-04 OPTIONS EXPIRE: 6-18-04 High Low 12/11/02 05/21/04 ...

Currencies.(Financial Markets)
May 21, 2004... The June British Pound posted CC below horizontal support at its Jan low of 1.7638 but then turned up again as its erratic movement continued. The swing up essentially returned to the neckline of a Jan/Apr H&S top, which projects a target near...

Eurodollar.(Financial Markets)
May 21, 2004... Dec appears to be bottoming out after its slide off the Mar high. ADX has turned down, suggesting less downward trending pressure, and stochastics and RSI have turned up from oversold readings. CC below the May low at 9741 suggests recent...

T-Bond & T-Note (10-yr.).(Financial Markets)
May 21, 2004... Sept T-Bonds rebounded after reaching the contract low at 101-25. Indicators on the daily chart are showing bottoming action, but weekly charts indicate that a long-term UTL is being threatened and that recent action may be only a pause in a...

Copper.(Financial Markets)
May 21, 2004... July hit its lowest point in nearly four months but recovered to violate its Apr-May DTL and put itself in a position to challenge resistance at the May high of 1.2540. Stochastics also turned up, and momentum indicators are showing...

Gold.(Financial Markets)
May 21, 2004... Aug moved up from last week's lows but is still in a position to continue its stairstep movement downward toward the Oct lows in the 365-370 area. CC below there targets weekly support at the 12/01-4/03 UTL, crossing near 360. CC above the...

Silver.(Financial Markets)
May 21, 2004... July has come out of its little valley following a spectacular plunge in Apr, moving above the steep Apr-May DTL. Indicators look more positive, but it's too early to conclude that there won't be another test of the 5.4550 low or other support...

Energy complex.(Financial Markets)
May 21, 2004... July Crude Oil set another contract high this week, but indicators suggest the move may be getting a little tired. If July can post CC above the latest high at 41.75, its next upside target in uncharted territory lies at 42.38, the 1.50...

S&P 500 index.(Financial Markets)
May 21, 2004... June violated the Mar low at 1085.00 several times in the last two weeks but posted only one close below that mark as the market tracks sideways. A rally above this week's high at 1105.60 would make the April highs in the 1146.00-1150.00 area...

Dow Jones complex.(Financial Markets)
May 21, 2004... DOW JONES 30 INDUSTRIALS (CASH) Each Horizontal Line = 50 Points 14-DAY RELATIVE STRENGTH INDEX (As of Friday) Up Avg 18.428 Down Avg 32.481 Date Open High Low Close 05/17/04 10009 3/4...

Platinum.(Finacial Markets)
May 21, 2004... SYMBOL=PLN JUL.04 PLATINUM (NYMEX) Each Horizontal Line = 10 Dollars 1 Cent = $.50 Minimum Move: 10 Cents(.10) FND: 7-1-04 LTD: 7-27-04 OPTIONS EXPIRE: 6-16-04 High Low 04/12/04 05/10/04 93800...

Traders' commitments as of May 18, 2004.
May 21, 2004... Traders' Commitments as of May 18, 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.
May 21, 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...

An important, unsolicited letter.
May 21, 2004... From The Desk Of Dennis Perry, DMD Dear Friend, I'm one of Don Fishback's very satisfied students. I've turned every $400 at risk into $3,359.75 profit on average, working just 30 minutes after dinner each Wednesday night. By simply...

"10 trades so far ... with not a single loss.".
May 21, 2004... A true story from our files Roger P. starting trading options using Don Fishback's methods just one year ago. He reports, "I've made only the more conservative trades, and so far have 10 straight winners without a single loss! On Sony, I...

An interview with Don Fishback.
May 21, 2004... DP: Behind the scenes, a growing number of men and women, people just like you and me, are making a ton of money playing the stock market by a new set of rules. Don, what is happening with investing today? DF: Let's face it, the '90s are...

Traders love the ODDS methods!!
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Just a sample of the glowing testimonials from some of the first ODDS traders!
May 21, 2004... "First rate. Made a profit of $1,848 on my first trade. If I sell my position today, I would make another $1,100 plus. Thanks millions!" Randy C., Indianapolis, IN "Extremely informative--the best at protection of assets. How...

Cattle.(Agricultural Markets)
May 28, 2004... August Feeder Cattle are near weekly resistance at 1.0740 (10/03). Daily CC above opens the door for a test of monthly resistance at 1.1017 (10/03). Daily CC below violated monthly resistance at 1.0472 targets the Apr UTL (1.0108-1.0255). CC...

Lean hogs.(Agricultural Markets)
May 28, 2004... July has support at its Feb/Mar UTL (.7171-.7238). CC below targets the Apr low at .6890. CC below there could see a move down to horizontal support at the Oct high of .6385. CC above resistance at the May DTL (.7468-.7382) targets the 5/21...

Corn.(Agricultural Markets)
May 28, 2004... July is stalling after equaling its possible May gap at 3.05. Additional resistance lies at the April/May DTL (3.11-3.08). CC above targets resistance between 3.28 and 3.29. CC below the May gap at 2.96 3/4 strengthens the case for a test of...

Oats.(Agricultural Markets)
May 28, 2004... July is challenging its Nov low at 1.47. CC below targets the contract low at 1.40. CC below there targets horizontal monthly support at 1.31 1/4 (11/-03). CC above initial resistance at the Feb low of 1.54 targets horizontal closing resistance...

Soybean complex.(Agricultural Markets)
May 28, 2004... July Soybeans are heading down to Feb gap support at 8.13. CC below targets support between the Feb low at 7.86. and the Jan gap at 7.80. Note the May measuring gap projects down near 8.06. Resistance lies at the May DTL (8.83-8.66 1/2) drawn...

Wheat (Chgo).(Agricultural Markets)
May 28, 2004... July is fading after probing its Mar low at 3.64 then turning back up towards resistance at its violated Oct/Mar UTL (3.87 1/2-3.89 1/4). CC above there targets the May gap at 3.99. CC below the 3.64 level targets support between 3.47 and 3.46....

Cotton.(Agricultural Markets)
May 28, 2004... July is attempting to post CC below its May gap at .6180 after falling short of its Mar gap at .6660. If accomplished, support between .5878 and .5805 is the next downside target. CC below .5805 targets the contract low at .5540. CC above the...