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Where to From Here?
E-mini S&P futures hit rare major four-star support, Crude Oil stopped on a dime upon expiration. All ahead of today’s Fed decision. E-mini S&P (December) / E-mini NQ (December) S&P, yesterday’s close: Settled at 4490, down 11.50 NQ, yesterday’s close: Settled at 15,375.25, down 39.25 Rare major four-star support in E-mini S&P futures at 4463-4474 […]
Is this rally in Coffee for real?
Coffee futures have been trapped in a sideways range for the past two months leaving traders cautious about any hopes for a sustained recovery in prices however outside markets such as Sugar and Cocoa have dominated to the upside. Is it Coffees time to shine? Cocoa Technicals (December) Cocoa futures corrected sharply after making new […]
Are the Grain Markets About to Rally?
Grain markets traded sharply lower yesterday morning but managed to find their footing to finish steady to firm on the day. That recovery has spilled into some overnight and early morning strength. Is the low in? Corn News Technicals (December) December corn futures broke lower yesterday morning but were able to stage a *impressive* reversal […]
Grain and Livestock Market Recap
Grains December corn futures made new lows early this morning, trading to its lowest level since September of 2021 as funds continue to grow their net short position to the largest since August of 2020, about 135k contracts. Despite the weakness early on, futures were able to snap a 3-day losing streak with the December […]
Bond Breakdown (week of 9/19)
10-Year Treasury-Notes Technicals (December) Treasury Futures are beginning to trend sideways potentially indicating an end to the interest rate hike cycle while yields hovered near 4.32%. Prices have recently been cycling from the mid-109s to the mid-111s. (Play the range). Prices have been in a Bearish Trend since July 6th at 111-070. It would take […]
An Actionable Game Plan Ahead of the Fed
The Federal Reserve’s policy decision is tomorrow, we give you a detailed gameplan for the E-mini S&P, E-mini NQ, Crude Oil, Gold, and Silver (futures). E-mini S&P (December) / E-mini NQ (December) S&P, yesterday’s close: Settled at 4501.50, up 3.50 NQ, yesterday’s close: Settled at 15,414.50, up 22.25 On the heels of Quadruple Witching and […]
Is There Any Hope For Grain Bulls?
Grain futures continue to slide lower as harvest looks to hit stride this week in some states. What are the support levels that the Bulls need to defend? Corn News Technicals (December) Corn futures broke below support at 472 which has taken prices to their lowest levels since September of 2021. This 472-476 pocket will […]
Managers Are Repositioning
The VIX is higher early Monday, what is it telling us? How are we trading E-mini S&P futures from Friday’s sell-off into Monday? Also includes levels for the E-mini NQ, Crude Oil, Gold, and Silver (futures). VIX is on the move this morning. This signals some fear out there, but the VIX is a gauge […]
Grain Markets Under Pressure
A weaker tone to start a new week. Corn is near unchanged while soybean and wheat futures are under pressure. Corn News Technicals (December) Corn futures continue to linger near the low end of their recent trading range. A break and close below 472-476 could trigger additional selling pressure with the next downside target for […]
FX Rundown (week of 9/18)
Major Central Bank decisions this week will impact all Currencies. Australian Dollar Technicals (December) Australian Dollar futures have drifted higher over the past seven sessions. Futures have been in a Bearish trend since August 1 at 0.66400 and would need to rally to 0.65370 to Neutralize the current Bearish Trend. Bias: Bearish/Neutral Previous Session Bias: […]
Grain & Livestock Market Recap
This week’s price action was indicative of the mostly-bearish USDA report that came out on Tuesday. In the report, national average soybean yields were pegged at 50.1 BPA, which disappointed grain bulls as many in the trade estimated a sub-50 BPA reading. Moreover, corn production was reported at 15.1 billion bushels, which was an increase […]
Inside a 4 Day, 7 State Crop Tour
AT A GLANCE The 2023 Pro Farmer Crop Tour has officially come to an end. Over the course of four days, crop scouts (including myself) pulled a Pro Farmer record 1,800 samples of corn and 1,800 samples of soybeans across seven states which make up for nearly 70% of corn and soybean acres. Each year, […]
Gold/Silver: The Bottom is Near
Rarely do I pick bottoms, and if one of our clients calls in and asks, I generally tell them that I am a commodities broker, not a proctologist. The problem with picking bottoms and tops in the markets is that often you will be wrong 9 out of 10 times. Sure, the one time you […]
Trading the Data Deluge
There has been an deluge of economic data over the last three days. This is your roadmap to the E-mini S&_, E-mini NQ, Crude Oil, Gold, and Silver (futures). We want to reserve the report for our clients and free trial participants. Check out Thursday’s full report here: https://bluelinefutures.com/2023/09/14/incoming-ecb-ppi-retail-sales/ To get your hands on this […]
Grain Markets Linger Near IMPORTANT Technical Levels 📈
Another quiet morning in the grain markets as corn, soybeans, and wheat futures linger near some important technical levels. Is the market building up energy for a bigger directional move? Corn News Technicals (December) More of the same in the early morning trade, which is consolidation. So far, the Bulls have been able to defend […]
Grain Markets Trade Sideways
Grain markets are relatively quiet this morning following this morning’s weekly export sales report. Corn News Technicals (December) Not a whole lot of new news to report with regards to the corn technicals. So far, the Bulls have been able to defend our 4-star support pocket from 472-476. A break and close below there could […]
Incoming: ECB, PPI, Retail Sales!
This is your path to managing risk amid today’s data dump, covering the E-mini S&P, E-mini NQ, Crude Oil, Gold, and Silver. E-mini S&P (December) / E-mini NQ (December) S&P, yesterday’s close: Settled at 4517.50, up 3.75 NQ, yesterday’s close: Settled at 15,552.25, up 52.25 The sideways consolidation is within the eye of the beholder. […]
Lean Hogs Fly 🐷
Cattle futures traded on both sides of unchanged yesterday while lean hogs scored a HUGE technical victory. Live Cattle Technicals (October- V) October live cattle futures traded on both sides of unchanged yesterday, only to finish the day near where they started. All in all, it does little to change the technical landscape. The Bulls […]
Wheat Futures Climb Out of a Hole
Yesterday’s USDA report pressured corn and soybeans, but wheat futures were able to stage an impressive reversal higher which has led to additional strength in the early morning trade. USDA Report Estimates Scheduled to be released today at 11am CT. Corn News Technicals (December) Corn futures broke lower following the release of yesterday’s USDA report, […]
Breakfast Report (week of 9/13)
Milk futures have flipped to a Neutral Trend while Cocoa power on to new contract highs! Cocoa Technicals (December) Cocoa futures drift to new contract highs! Cocoa has traded with a Bullish trend since August 17 at 3512. Only a breakdown below 3541 will shift traders to the sidelines. Bias: Bullish/Neutral Previous Session Bias: Bullish/Neutral Resistance: 3700*** […]
Tackle CPI with our tradable levels across the E-mini S&P, E-mini NQ, Crude Oil, Gold, and Silver. We want to reserve the report for our clients and free trial participants. Check out Tuesday’s full report: https://bluelinefutures.com/2023/09/12/morning-express-9-12/
Morning Express, 9/12
Ryan Gorman helps you kick off the week. Do not miss our Midday Market Minute, from yesterday. E-mini S&P (December) / E-mini NQ (December) S&P, yesterday’s close: Settled at 4539.50, up 28.25 NQ, yesterday’s close: Settled at 15,674.25, up 180.50 Bias: Neutral Resistance: 4539.50- 4543.50***, 4552-4553.75****, 4568.25-4575.50***, 4597.50*** Pivot: 4519.50-4527 Support: 4507.50-4511.25***, 4495-4498**, 4483.75***, 4472.25**, […]
It’s USDA Day!
It’s officially USDA Day. Here are the estimates and some of the levels to keep an eye on through today’s trade. USDA Report Estimates Scheduled to be released today at 11am CT. Corn News Technicals (December) December corn futures remain rangebound, keeping technical levels and our bias/thesis intact from basically all of last week. That […]
Bond Breakdown (week of 9/12)
Bonds and Notes consolidate as inflation data pours in this week 10-Year Treasury-Notes Technicals (December) Treasury Futures corrected overnight as Yields hovered at 4.28%. Prices have recently been cycling from the mid-109s to the mid-111s. (Play the range). Prices have been in a Bearish Trend since July 6th at 111-070. It would take a push […]