Tag: cocoa

How to Score in the World's Key Commodity Markets

Posted on by The INO.com Team

By: Elliott Wave International

If you've ever tried your hand at futures trading, and if you've been watching the 2014 World Cup, you've probably thought to yourself -- Yup. This looks like how it feels to invest in commodities.

Hey, if the cleat fits!

The world of commodities trading is competitive and cutthroat. The action is nonstop. Passes happen in the blink of an eye. There are no commercial breaks, or half times. And those on the field never stop paying attention to price charts, scanning and waiting for opportunity to strike.

And then comes the moment to act. You're the last guy in a penalty shootout. All that stands between you and the goal is the ticking of the clock, fatigue, and doubt.

But if you make it, the reward is like nothing else. Continue reading "How to Score in the World's Key Commodity Markets" →

Chart to Watch - Cocoa

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Cocoa. (NYBOT_CC.U13.E).

I hope you are having a GREAT week !!!

This week let's take a look at the Cocoa futures chart.

With futures we use the weekly to tell the trend and the daily for timing the trade.

Right now Cocoa is on a monthly, weekly, and daily MarketClub green Trade Triangle. Having the monthly on a MarketClub green Trade Triangle is not necessary to take the trade, and it is bullish having the monthly Trade Triangle pointing up. Continue reading "Chart to Watch - Cocoa" →

Weekly Futures Recap W/ Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Grain Futures-- The grain futures this week saw extreme volatile trading action with November soybeans up nearly $.16 this Friday to settle around 12.20 a bushel trading right at its 20 day moving average but still below its 100 day moving average after settling last Friday at 12.10 a bushel gaining slightly as floods have entered the Midwest. Soybeans on the daily chart could have a possible double bottom in the November soybeans as prices traded as high as 12.40 in Wednesday’s trading session before retracing only the spring right back as weather conditions in many states are still receiving record snow. December corn futures are lower by 5 cents this Friday afternoon trading above its 20 day moving average but below its 100 day moving average which stands at 5.69 after settling last Friday at 5.24 up around $.35 for the week as massive floods are delaying planting. The Midwest has had the 2nd coldest spring in the history of the United States and has delayed planting significantly which is concerning after last year’s terrible crop. Wheat futures for the July contract have broken out above the 7.20 level which is now at a 4 week high trading above its 20 day moving average but below its 100 day moving average which stands at 7.48 and I do believe that there will be further buy stops which could propel prices even higher. Continue reading "Weekly Futures Recap W/ Mike Seery" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures-- The precious metals today were lower across the board after rallying sharply higher in early trade only to reverse and sell off towards the closing bell finishing lower for the 1st time in 4 trading sessions finishing down $8 an ounce in the June contract at 1,454. There has been extreme volatility lately finishing higher by $60 dollars for the week bucking its bearish trend and as I've been stating in previous blogs I remain bearish the precious metals, however I do believe gold will remain choppy and try to consolidate the huge collapse that we saw last week. Continue reading "Weekly Futures Recap W/Mike Seery" →

Weekly Futures Recap W/Mike Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Cocoa Futures-- Cocoa futures in New York rallied  for the 2nd consecutive trading session settling in the July contract at 2257 trading above its 20 day moving average and now also above its 100 day moving average with excellent chart structure and in my opinion if you look at cocoa on the daily chart it has a nice grinding stair step pattern to the upside with a possible double bottom created at 2046 which was hit on 3 – 7 – 13 with the next major resistance at 2300 and if that is broken and I do believe there is a good possibility of prices hitting 2450 in the next 1-2 weeks while a bull market might be underway in cocoa prices. Continue reading "Weekly Futures Recap W/Mike Seery" →