Mar 14 was a 212 point winner over the holiday-shortened trading week, as trading was constrained within a very tight 237 point range that was completely north of last week’s 77.23 settlement. In fact, the narrowest of gaps – a single point – now resides below the market at 77.24. Volume for Mar 14 over the past week quickened, when considering the short week, at approximately 58K lots traded; OI for the front month decreased approximately 600 contracts from Thu of the previous week.
Archive for November, 2013
November 30, 2013
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Saturday, November 30, 2013 – Weekly Edition
By admin in Daily Reports, Weekly Reports
November 29, 2013
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Friday, November 29, 2013
By admin in Daily ReportsMar 14 gained 91 points today to settle at 79.35, although it traded 80 points lower during the post-settlement period under pressure from large offers that persistently followed the market southward. Another strong US export report, strength from outside agricultural markets and a weaker US Dollar Index are among the largest factors that are credited with pushing the market higher today. The settlement was within the upper one quarter of today’s 162 point trading range (78.00 – 79.62). The narrow gap below the market at 77.23 – 77.25 remains unfilled.
For Mon, our directional call for Mar 14 is for a …
November 29, 2013
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US Export Report – Week Ending Nov 21, 2013
By admin in UncategorizedUS Export Report – Week Ending Nov 21, 2013
November 27, 2013
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Wednesday, November 27, 2013
By admin in Daily ReportsMar 14 gave up 70 points today to settle at 79.44. The settlement was within the upper one half of today’s 189 point trading range (77.44 – 79.33). The narrow gap below the market at 77.23 – 77.25 remains unfilled. We suspect that short-covering heavily contributed to the retracement from today’s intraday low.
For Fri, our directional call …
November 26, 2013
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Tuesday, November 26, 2013
By admin in Daily ReportsMar 14 picked up 68 points today, as US weather concerns seemed to trump the CNCRC’s reserve release announcement, to settle at 79.14. The settlement was within the upper one half of today’s 144 point trading range (78.21 – 79.65). Today’s trading action leaves the narrow gap below the market at 77.23 – 77.25 unfilled.
For tomorrow, our directional call is for …
