(CT) Cotton Resumes Slide; Technicals Weak Below Minimum $0.9345
February 22, 2012; 10:30am
Fri's failure below our short-term risk parameter at 92.62 negated our buy recommendation and exposed the mid-Feb recovery attempt as a 3-wave and thus corrective affair as labeled in the 240-min chart below. This corrective pop was confirmed in no uncertain terms with today's demolishing of all the
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(C) CBOT Grains Pre-Opening Comments
February 22, 2012; 8:44am
- 2012 Canadian acreage ideas
- USDA reports soybean sales to China
- Japan makes large U.S. corn purchase
- FSU crop and export ideas for 2012/13
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(ES) Trail S&P Stops to 1,334
February 22, 2012; 8:00am
In this morning's Technical Webcast we discussed the importance of 16-Feb's 1334 corrective low as the a key risk parameter this market is now required to fail below to confirm a bearish divergence in momentum that would threaten a bullish policy enough to warrant defensive measures. Per such, traders are advised to
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(C) Navigating Intra-Range Corn Chop a Matter of Scale; Beware 50% Bean Retrace
February 22, 2012; 7:50am
Yesterday's corn relapse was disappointing and, minimally, throws the market back into the correction of Jan-Feb's 5.92 - 6.52 rally. At most, further short-term weakness below the 6.25-to-6.22-range could expose this market to the type of collapse experienced in mid-Jan and mid-Nov. Please review today's Technical Webcast for details that include the corn market's new short-term risk parameter and waning upside momentum in Mar soybeans at the 50% retrace of Aug-Dec'11's 14.76 - 11.04 decline.
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(ES) Beware Waning Upside Momentum in S&P, Russell Indexes
February 22, 2012; 7:24am
The potential for bearish divergences in momentum has developed nicely in the E-Mini S&P and Mini-Russell 2000 markets as a result of early-Feb's slowed rate of ascent, but failures below recent corrective lows and risk parameters are required to confirm this indication of weakness and vulnerability to the point of taking defensive steps. Please review today's Technical Webcast for details that include these key risk parameters.
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(CL) Another Round of Crude Oil, Gas, Heating Oil Highs Produce New S-T Risk Parameters
February 22, 2012; 7:03am
As a direct result of new highs across the entire energy complex board yesterday, the crude oil, RBOB and heating oil market have defined new short-term corrective lows and parameters around which the risks of continued bullish policies still advised in each can now be effectively managed. Please review today's Technical Webcast for details.
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(CL) Option Analytics and Technical Data
February 21, 2012; 7:21pm
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(ES) Financial News Schedule – Wednesday 2/22/12
February 21, 2012; 6:15pm
Financial News Schedule – Wednesday 2/22/12
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(CL) Commodity Calendar - Wednesday 2/22/2012
February 21, 2012; 6:13pm
Commodity Calendar - Wednesday 2/22/2012
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(ES) Market Recap - Financials, Metals & Energy for Tuesday, Feb 21
February 21, 2012; 6:12pm
Stocks rose on reduced Greek default concerns after European finance ministers finally agreed to a 130 billion euro aid package for Greece. IMF and European officials indicated that Greece may remain encumbered by debt even after the bailout and that Greece’s debt may still balloon to 160% of GDP in a worst case scenario.
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(SB) Sugar Technicals Improving, Could Spell $0.2521+ Breakout
February 21, 2012; 12:20pm
Today's short-term but decisive and impulsive breakout above recent 23.90-area resistance basis the now-prompt May12 contract detailed in the 240-min chart below confirms at least the intermediate-term trend as up. And as a direct result of this strength, the market has defined
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(GC) Bids Return to Metals Complex on USD Concessions
February 21, 2012; 11:57am
While the USD Index has yet to fail below 09-Feb's pivotal 78.40 low following 14-Feb's bullish divergence in momentum that broke Jan-Feb's decline, the past few days' relapse from the exact (79.67) 38.2% retrace of Jan-Feb's 81.53 - 78.52 decline on a daily close-only basis has not only tempered the USD's upside, but has also brought sufficient bids to the gold, silver and copper markets that render their early-Feb sell-off attempts as corrective patterns that now re-expose their broader Dec-Feb rallies. Please review today's Technical Webcast for the details of these important developments that include the new short-term risk parameters to the metal markets.
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(C) USDA Weekly Export Inspections Recap
February 21, 2012; 11:40am
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(TY) Peak/Reversal Threat Continues to Build in 10-Yr T-Notes, But Beware Interim Pop
February 21, 2012; 9:30am
While the past few days' break below 09-Feb's 130.18 low contributes to a peak and reversal threat that could be major in scope, traders are advised to beware an interim corrective recovery within the broader peak/reversal process if the market cannot sustain recent short-term losses below
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(C) CBOT Grains Pre-Opening Comments
February 21, 2012; 8:49am
-Market looking forward to USDA Ag Outlook conference balance sheets on Friday
-China's total soybean purchase agreements larger than expected
-Brazil grain export port partially operating again
-USDA announces corn and soybean sales
-Russian, Indian, Pakistani grain crop updates
-Kazakhstan expected notable crop decline in 2012
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