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Archive for April 26th, 2012

Corn Market Analysis

Posted Apr 26 2012

July corn was trading 3 3/4 cents higher late in the overnight session. China futures were up 0.4% overnight. Outside market forces look mixed. Open interest is coming down rapidly since the April 18th lows with talk of some short-covering helping to fuel the recovery bounce but the break yesterday appeared to be long liquidation selling. Continue Reading…

Copper Market Analysis

Posted Apr 26 2012

The copper market has joined gold and platinum in an upward pulse on the charts this morning. Apparently comments from the Fed were just enough to leave traders and economists with a positive economic vibe, as equity markets showed some positive reaction and apparently most markets were not in need of something more proactive from the US Fed. Continue Reading…

Coffee Market Analysis

Posted Apr 26 2012

July coffee remains on the defensive this morning, although prices have avoided a retest of last week’s lows for the move so far. There was no near-term catalyst for Wednesday’s selloff but there were reports of producer selling near this week’s highs, which more than likely eroded positive market sentiment fairly quickly. Continue Reading…

Bund Technical Analysis

Posted Apr 26 2012

(140,42) The BUND confirmed another weak closing last night, below the low of the previous session suggesting we have a top in place at 141,37. We expect further weakness in the coming sessions. Continue Reading…

DAX Analysis

Posted Apr 26 2012

(6709) The DAX confirmed a further session of consolidation interior the inside day with 6730 – 6495 still the levels to follow. Only a daily closing above 6730 will support higher levels!! Continue Reading…

Natural Gas Analysis

Posted Apr 26 2012

Nymex June natural gas prices advanced for a second straight session, amid speculation that the lowest prices in a decade will prompt production cuts and spur higher demand from power plants. Continue Reading…