http://www.pitguru.com/Article-Rss.aspx?channel=allPast performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors.Mon, 08 Feb 2010 06:56:55 GMTsupport@futurespress.com (Support)admin@futurespress.com (Support Technical)Your RSS Generator name and version http://www.pitguru.com/Article.aspx?cmd=detail&id=243It was announced this morning that consumers are paying off credit cards and purchasing new vehicles. This is now the 11th straight month showing that consumers would rather pay credit cards off. Consumers are still displaying...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=243http://www.pitguru.com/Article.aspx?cmd=detail&id=244A very rollercoaster-type week in the energy market as Crude rallied in the beginning of the week to $78 before falling all the way back down to $71.50 on a stronger USD and weaker demand. Debt problems in Greece forced the selling of the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=244http://www.pitguru.com/Article.aspx?cmd=detail&id=245Blame it on the dollar, but I cannot trust today's bounces. Prices fell sharply in the soft complex last week. I suspect we may see another volatile week ahead, but not with all the action applied on the downside as much hinges on...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=245http://www.pitguru.com/Article.aspx?cmd=detail&id=246Precious metals were hit the hardest last week with Gold liquidating more than $65 from $1,120 to $1,060, Silver losing $1.50 from $16.50 to $15.00, and Platinum from $1,575 to $1,500 as Greece's debt problems put a significant dent in the...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=246http://www.pitguru.com/Article.aspx?cmd=detail&id=247The previous week saw a continued beat-down of commodities due to a strengthening USD coupled with bearish fundamentals. There is little upside light in the trade heading into tomorrow's WASDE report. I am expecting to see a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=247http://www.pitguru.com/Article.aspx?cmd=detail&id=238In the news, Toyota is trying to calm fears of massive recalls. Thousands of accidents have occurred from faulty gas pedals, floor mats, etc. Apparently over the past few months they have denied issues with their product. Now...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=238http://www.pitguru.com/Article.aspx?cmd=detail&id=239Crude oil has continued its decline as flatprice has now moved below the 200 day moving average with March crude trading at $73.00. It looks like the fundamentals of this market are starting to kick in now with...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=239http://www.pitguru.com/Article.aspx?cmd=detail&id=240Portfolio re-balancing and a continued strengthening of the US dollar had a decidedly negative impact on the soft markets this past week. The dollar closed at its high for the week and the best...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=240http://www.pitguru.com/Article.aspx?cmd=detail&id=241Precious metals liquidated further last week as the USD gained again against a basket full of currencies. The Euro/USD is now trading below $1.39 which is very significant after...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=241http://www.pitguru.com/Article.aspx?cmd=detail&id=242The previous week saw a slow downside grind to start then month end came and weak longs ran for cover. The obvious exit out of longs is not a major issue for a market in a downside channel. Markets are reaching a point where they are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=242http://www.pitguru.com/Article.aspx?cmd=detail&id=233Last night it was announced that Wal-Mart cut 11,200 jobs in all of its Sam Clubs. This is just about 10% of its workforce, which can be looked at one of two ways. One, the company is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=233http://www.pitguru.com/Article.aspx?cmd=detail&id=234Crude oil has declined from the $83 mark quite rapidly and now trades at the dangerous 200 day moving average on the same concerns seen in the previous weeks: adequate supply in the market and a rallying USD. Crude oil traded...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=234http://www.pitguru.com/Article.aspx?cmd=detail&id=235America is the china shop; Obama is the bull. The Obama administration is threatening to take action toward banks that leaves investors with tremendous uncertainty. Markets are...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=235http://www.pitguru.com/Article.aspx?cmd=detail&id=236Gold, Silver, Platinum and Palladium all liquidated significantly last week as the USD led the way against other major currencies. Gold sold off from $1,140 to $1,085 and I see this as a very...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=236http://www.pitguru.com/Article.aspx?cmd=detail&id=237Friday saw all markets sag, lacking drama and holding weekly lows with no fresh information to help direct the next move. A slightly drier pattern in Argentina is offering bulls a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=237http://www.pitguru.com/Article.aspx?cmd=detail&id=229The market seems to be in positive territory today because China's export numbers rose almost 18% December. In earlier months it was mentioned that China might be the country to lead the global economy out of the recession. What if China is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=229http://www.pitguru.com/Article.aspx?cmd=detail&id=230Oil prices continue to balloon on weather and geopolitical concerns but the bottom line is two weeks of cold weather doesn’t make a supply shortage. Now if you ask China you will probably get a different take as they are concerned with...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=230http://www.pitguru.com/Article.aspx?cmd=detail&id=231Balancing of index fund portfolios and weather (much of Florida's orange trees are at risk from a "hard" freeze) have the soft markets hopping. Sugar and coffee are on the radar of bulls and both likely...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=231http://www.pitguru.com/Article.aspx?cmd=detail&id=232The previous week saw the start of the Goldman buying spree on Friday helping all markets maintain upside biases headed into this week with the buying expected to continue through Thursday. Outside of the growing macro interest I...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=232http://www.pitguru.com/Article.aspx?cmd=detail&id=224Happy New Year everyone! As 2010 starts, there is optimism as well as trepidation. The stock market has been positive yet job losses and the housing market have many worried. As most of you know...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=224http://www.pitguru.com/Article.aspx?cmd=detail&id=225Crude Oil keeps up its momentum from last week as it charges toward $80. Crude has risen for seven straight days now as 2009 closes out and 2010 opens up. The economic recovery is...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=225http://www.pitguru.com/Article.aspx?cmd=detail&id=226I am especially optimistic about the potential that exists for higher prices among a few key members of the soft complex, especially given the fact that two of them (Cotton and Sugar) are positioned near their highs for...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=226http://www.pitguru.com/Article.aspx?cmd=detail&id=227The precious metals were under pressure at the end of ‘09 as the USD reversed its trend trading from $1.52 vs the Euro to $1.42 sending Gold lower to $1,070/oz and Silver below $17.00. I believe that Gold...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=227http://www.pitguru.com/Article.aspx?cmd=detail&id=228Domestic bean carryout is a concern if the USDA changes anything on the Jan report due out on Jan 12th. This will offer the trade either a reason to continue a first half buying spree or reverse and sell out of weak length. Overall I feel...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=228http://www.pitguru.com/Article.aspx?cmd=detail&id=220As many continue to shop for holiday gifts this week they will search for sales. New England was hammered by a snowstorm this weekend which may have hindered some of those sales. By Thursday the market may...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=220http://www.pitguru.com/Article.aspx?cmd=detail&id=221Oil futures jumped 5 percent last week, the first weekly gain in a month, after crude stockpiles drew and Iranian forces occupied an oil well in neighboring Iraq raising concern tensions between...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=221http://www.pitguru.com/Article.aspx?cmd=detail&id=222As the trading year of 2009 winds to a close - and with the next two weeks shortened by the holidays - it’s a good idea to watch for further short covering of positions in the dollar. Such movement will...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=222http://www.pitguru.com/Article.aspx?cmd=detail&id=223Precious metals were relatively stable last week with Gold dipping down slightly to $1,114/oz, Silver falling to $17.30, and Platinum to $1,431 as gains in the value of the dollar curb demand for the metals as an alternative investment. Gold traded below $1,100 briefly but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=223http://www.pitguru.com/Article.aspx?cmd=detail&id=215Dubai gets a loan from Abu Dhabi which gives Dubai World more time to get on track. Last week I mentioned the issues they were having were no problem because...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=215http://www.pitguru.com/Article.aspx?cmd=detail&id=216Last week the crude market saw a continuation of the liquidation that has been in this market since it hit $82. Futures fell 1 percent to $69.87 a barrel on Dec. 11, the lowest...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=216http://www.pitguru.com/Article.aspx?cmd=detail&id=217It seems regular participants have decided to wind down their trading activity, possibly pre-preparing for the coming year. Heading into the last full trading week of 2009, one can expect...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=217http://www.pitguru.com/Article.aspx?cmd=detail&id=218All precious metals were down last week as the USD strengthened against other major currencies sending commodity prices lower in a reduction of risk appetite. Gold dropped...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=218http://www.pitguru.com/Article.aspx?cmd=detail&id=219The previous week saw a complete divorce between corn and the rest of the floor. This is due to spread reversals with long term money moving to the sidelines as books are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=219http://www.pitguru.com/Article.aspx?cmd=detail&id=210Once again speculation stirs about the Fed raising rates. A .025 of a point could show responsible action and is something that might be necessary. The market and economy bouncing back quickly could...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=210http://www.pitguru.com/Article.aspx?cmd=detail&id=211The energy sector did have a pop to start last week but quickly sold off after Wednesday as inventory reports came out showing Crude Oil and Gasoline with much bigger builds than expected. Crude Oil...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=211http://www.pitguru.com/Article.aspx?cmd=detail&id=212I believe that had it not been for Friday's surprising surge in the value of the dollar, the soft markets would have likely managed a plus side week. However, reaction to the employment number (and in turn the move in the US dollar) resulted in...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=212http://www.pitguru.com/Article.aspx?cmd=detail&id=213Well all of the precious metals were having a terrific week until Friday when the Job report came out and actually showed a great number but led to a rally in the USD which...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=213http://www.pitguru.com/Article.aspx?cmd=detail&id=214Friday saw a divergence between the complex and grains with the latter getting pummeled as the USD pops against the Euro and other foreign currencies. There is little different today with...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=214http://www.pitguru.com/Article.aspx?cmd=detail&id=205Today is Cyber Monday, the day in which analysts suggest consumers come back online after the holiday weekend to look for the best bargains on the internet. Hopefully...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=205http://www.pitguru.com/Article.aspx?cmd=detail&id=206The energy market continued its downward spiral as investors woke up to news over the holiday weekend that Dubai announced that they cannot pay off their debt and needed immediate help. What basically happened was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=206http://www.pitguru.com/Article.aspx?cmd=detail&id=207Now that the Thanksgiving Holiday is over (and I hope that yours was as wonderful as mine) there are only a few weeks before Christmas and then year-end. While I do not...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=207http://www.pitguru.com/Article.aspx?cmd=detail&id=208Precious metal prices were under fire Friday with the Dubai news but prices quickly recovered as Gold was only down $12 on Friday to $1,174. This was not too bad considering...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=208http://www.pitguru.com/Article.aspx?cmd=detail&id=209The previous week saw limited volume have a major impact as macro markets went for a wild ride following debt circles that continually get wider and more involved. Now the Middle East is running out of money. I guess that...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=209http://www.pitguru.com/Article.aspx?cmd=detail&id=200There are two pieces of news that could be seen as bullish today. People have decided to pay their credit cards in a timely fashion in the last few months. In the third quarter...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=200http://www.pitguru.com/Article.aspx?cmd=detail&id=201The energy sector had a very modest week as prices stayed in the range of $76-$81 in the January Crude Oil contract. January Crude Oil closed +.3% this week to $77.42 as the week seemed very...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=201http://www.pitguru.com/Article.aspx?cmd=detail&id=202Cotton prices closed at their best levels in over a year. Seems we are seeing follow-through spec buying from technicals along with concern that the U.S. crop may...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=202http://www.pitguru.com/Article.aspx?cmd=detail&id=203Metals were a focal point again last week as Gold made another high above $1,150/oz and Silver cruised through $18.00 as investors again started buying up the precious metals. Platinum...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=203http://www.pitguru.com/Article.aspx?cmd=detail&id=204The previous week saw a divorce within the agricultural markets with beans holding ground against a sizable pullback in macro markets with consistent demand and questionable...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=204http://www.pitguru.com/Article.aspx?cmd=detail&id=193GM reported around a $1.2 billion loss from when they filed for bankruptcy protection and will start paying back government loans by 2011. This is going to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=193http://www.pitguru.com/Article.aspx?cmd=detail&id=194Crude oil fell last week as inventory levels built higher than expected and traders took profits in front of the $80/barrel number. Crude oil was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=194http://www.pitguru.com/Article.aspx?cmd=detail&id=195Now that the popular principle month December options in coffee and cotton have expired, one can look for a renewed sense of reality in those markets (you don't think that...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=195http://www.pitguru.com/Article.aspx?cmd=detail&id=196Precious metals rallied once again last week but this has been its worst performing week in the last 3. I guess you can't always have $50 moves in the gold market. Nevertheless...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=196http://www.pitguru.com/Article.aspx?cmd=detail&id=197Friday saw choppy action with SX leaving lacking any real fanfare. Corn dipped early but held the 200-day MA again offering continued upside momentum. Wheat continues to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=197http://www.pitguru.com/Article.aspx?cmd=detail&id=188In case you missed it this weekend, the health care bill was approved to go to the Senate. The House’s plan will cost about 1.2 trillion US dollars over 10 years while...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=188http://www.pitguru.com/Article.aspx?cmd=detail&id=189Last week was a relatively quiet week in terms of price action for the energy markets as Crude Oil was range bound from $76.50 to $80.50, up only .4% on the week as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=189http://www.pitguru.com/Article.aspx?cmd=detail&id=190Other than FCOJ, the components of the soft market complex ended last week under pressure with most of those markets going out on their lows for the week - Cocoa prices...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=190http://www.pitguru.com/Article.aspx?cmd=detail&id=191What a huge jump in the precious metals last week as word got out late Monday that India made a huge purchase from the International Monetary Fund for over 6.7 billion USD worth of...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=191http://www.pitguru.com/Article.aspx?cmd=detail&id=192The previous week saw a good downside move based strictly off of the crude markets and fundamental concerns. Crude fell apart as the week progressed due to multiple factors...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=192http://www.pitguru.com/Article.aspx?cmd=detail&id=183How many times can CIT go to bankruptcy court without actually going bankrupt? I am tired of seeing them in the news; maybe another lender should come to the market. Oh, how about...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=183http://www.pitguru.com/Article.aspx?cmd=detail&id=184The energy markets had a bit of a down week as they closed at their lowest point in two weeks. There was some profit taking in the short USD and the equity markets were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=184http://www.pitguru.com/Article.aspx?cmd=detail&id=185In trying to make sense of the price action among the Soft markets this past week (as well as predict the week ahead), first look at the price action in the dollar. The US Dollar index (DXZ) rallied four of the five trading days last week (its been...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=185http://www.pitguru.com/Article.aspx?cmd=detail&id=186Precious metals had a wild week with the gold, silver, and platinum price all bouncing around but then settling a bit weaker than what was seen in the previous week. Gold dropped from...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=186http://www.pitguru.com/Article.aspx?cmd=detail&id=187The previous week saw just how finicky our markets can be. I saw a downside bias helped by slight strengthening of the USD and a pullback in crude but a lack of...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=187http://www.pitguru.com/Article.aspx?cmd=detail&id=178ING seems to be simplifying itself by splitting its bank and insurance units and will be selling its asset management arm. Obviously, they were a...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=178http://www.pitguru.com/Article.aspx?cmd=detail&id=179Energies, for the fifth week in a row, rallied as a falling USD and decreased inventories in the products led the charge. Crude Oil was up 2.3% to close above $80 for the first weekly close this year. Gasoline...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=179http://www.pitguru.com/Article.aspx?cmd=detail&id=180For the Soft complex this past week it was the direction of the dollar that was the overwhelming driver. Prices improved when the dollar weakened, and when the dollar showed any strength, prices stalled (or gave back gains). It should be no surprise that...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=180http://www.pitguru.com/Article.aspx?cmd=detail&id=181Precious metals once again had a so-so week with Gold unchanged to $1,057, Silver higher by 1.7% to $17.72 and Platinum 1.4% to $1,362. The USD continued its weakness with the Euro/USD trading above $1.50 for the first time in 2009. The USD is...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=181http://www.pitguru.com/Article.aspx?cmd=detail&id=182The previous week saw a continued upside effort with weather, a weak USD, and strong crude all working together. Harvest progress stalled out due to heavy rains all across the growing region of the US with more rain expected early this week offering...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=182http://www.pitguru.com/Article.aspx?cmd=detail&id=173Where is the market top and is there resistance? In my opinion the market is overbought and could slide 3-4% after...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=173http://www.pitguru.com/Article.aspx?cmd=detail&id=174The energy market continued its stellar run along with the equity market and the falling dollar as Crude Oil was up 9% last week, breaking the big...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=174http://www.pitguru.com/Article.aspx?cmd=detail&id=175Outside markets acted supportive in assisting the soft complex higher this past week. Will that continue? There is a lot of talk circulating that re-allocation of assets among ETFs will be...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=175http://www.pitguru.com/Article.aspx?cmd=detail&id=176Precious metals had a very dubious week as they had all of the makings to achieve new highs with the USD getting hammered and crude moving higher, but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=176http://www.pitguru.com/Article.aspx?cmd=detail&id=177Corn has the least realistic reason to rally. Ending stocks estimated on either side of 1.6 billion does not inspire bullish attitudes. It does have delayed harvest with some analysts looking for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=177http://www.pitguru.com/Article.aspx?cmd=detail&id=169A new high was reached in the market and the S&P is trading in the 1070's with no visible resistance. Last week the S&P rose 4.5%, beating the...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=169http://www.pitguru.com/Article.aspx?cmd=detail&id=170Great week for the energy sector as the USD fell, equities rose, and inventories fell in crude all leading to higher prices on the New York Mercantile Exchange. Crude oil...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=170http://www.pitguru.com/Article.aspx?cmd=detail&id=171For the most part weakness in the dollar and improving stock markets benefited commodity prices during much of the past week. At week's end dollar strength applied "corrective" pressure, yet...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=171http://www.pitguru.com/Article.aspx?cmd=detail&id=172Precious and base metals had a great week as the USD continued its slide as investors poured into Gold, Silver and Platinum. Gold was up 3% to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=172http://www.pitguru.com/Article.aspx?cmd=detail&id=165This week will have a focus on earnings and most investors are focused on the direction the market may turn. Last week saw a decent sell off following the employment numbers and weak GDP forecasts. Forecasts are now...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=165http://www.pitguru.com/Article.aspx?cmd=detail&id=166Very interesting week in the energy markets. A positive week even though every single economic number came in other than expected. Crude Oil rose 5.7% to close just shy of the $70 level as inventories rose 2+ million barrels. The products led...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=166http://www.pitguru.com/Article.aspx?cmd=detail&id=167Metals had a mixed bag last week with the USD stronger sending Platinum lower by 4.4% but Gold and Silver were each up 1% as those markets showed...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=167http://www.pitguru.com/Article.aspx?cmd=detail&id=168The previous week saw choppy sessions all week with beans containing 920 in the range all days except Friday when the market could not achieve it. Wheat and corn did little allowing for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=168http://www.pitguru.com/Article.aspx?cmd=detail&id=160For the most part I have seen what I feel is a strong market, but still have to be careful about buying into a market that has question marks. The past few weeks have seen both the Dow and the S&P reach highs. The Dow is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=160http://www.pitguru.com/Article.aspx?cmd=detail&id=161Energies had a dismal week after a big build in all 3 main energy inventories sending the price of Crude lower from $72-$65. Crude Oil had a build of +3mil barrels to liquidate prices -8% to close at $66.02. Heating Oil was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=161http://www.pitguru.com/Article.aspx?cmd=detail&id=162Coffee held a triple trend line resistance and could see some selling pressure short term from an anticipated strengthening of the U.S. dollar against the Brazilian Real and Vietnamese Dong. The bottom line for coffee long term is...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=162http://www.pitguru.com/Article.aspx?cmd=detail&id=163Precious metals had their worst week in a very long time. The USD strengthened as traders took profit from an oversold USD market and...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=163http://www.pitguru.com/Article.aspx?cmd=detail&id=164The previous week saw beans chop wildly, corn grind its way higher, and wheat collapse on Friday making new range lows. The reason for the lack of movement in beans is twofold. On the bearish side...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=164http://www.pitguru.com/Article.aspx?cmd=detail&id=155This week could determine which direction the market may turn. This week has the Federal Reserve meeting which may use language describing the country’s current condition and...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=155http://www.pitguru.com/Article.aspx?cmd=detail&id=156The energy market rebounded last week as the USD lost more ground and inventories decreased for a second straight week. The Crude Oil market was up 4.1% to close out at $72.04 in the October contract as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=156http://www.pitguru.com/Article.aspx?cmd=detail&id=157Could be in for an exciting week in the Soft complex as three of its components, coffee, cocoa, and cotton, are all poised to register significant moves. All three appear on the verge of...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=157http://www.pitguru.com/Article.aspx?cmd=detail&id=158Precious metals all had a good week benefiting from the weakening USD as this climbed to a high of $1.4775 in the Euro/USD market. Gold was up .04% to $1,009, Silver was up 1.6% to 17.04 and Platinum...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=158http://www.pitguru.com/Article.aspx?cmd=detail&id=159The previous week saw a more dramatic version of the same story. The market has no clue where it wants to go. Early in the week saw a limit move in corn with wheat and beans gaining significantly. This was due to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=159http://www.pitguru.com/Article.aspx?cmd=detail&id=150It is scary to think that the stock market has probably moved up to these highs on (what I believe is) a wing and a prayer. Moving forward, it is testing levels that could be...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=150http://www.pitguru.com/Article.aspx?cmd=detail&id=151It was looking great for those energy bulls last week until Friday. The USD lagged big time after the Euro/USD broke the triple top of $1.4450 and ran straight to $1.4600. This led to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=151http://www.pitguru.com/Article.aspx?cmd=detail&id=152The soft markets are not impressive. Friday's USDA crop report showed the cotton crop forecast at 13.44 million bales, up 2 percent due to higher yields. The export forecast...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=152http://www.pitguru.com/Article.aspx?cmd=detail&id=153Gold and silver appeared to consolidate last week after rallying over the $1,000 and $16.50 levels respectively. Gold has hit a double top now at the $1,010 level and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=153http://www.pitguru.com/Article.aspx?cmd=detail&id=154The previous week saw a continued downside pull in the soy complex with wheat and corn recovering slightly on Friday due to spread unwinding rather than any shift in sentiment. Friday's WASDE showed...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=154http://www.pitguru.com/Article.aspx?cmd=detail&id=145Choppy trading may be traders testing the market with small orders. This means Treasuries and the US dollar could be strong places to head for this week. A 100 point correction may be inevitable in...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=145http://www.pitguru.com/Article.aspx?cmd=detail&id=146The Energies are in (what I like to call) a neutral zone right now with Crude Oil bouncing from $70-$75 to close almost exactly in the middle at $72.74 for a negative 1.3% weekly change. Heating Oil fared...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=146http://www.pitguru.com/Article.aspx?cmd=detail&id=147As suggested in my comments last week, I predicted that the direction taken will likely set the tone for where the soft markets are headed, not as a group, but rather individually. So in reviewing...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=147http://www.pitguru.com/Article.aspx?cmd=detail&id=148Like most recent weeks, the precious metals were range bound and haven't made any significant move either to the upside or down side. Gold was range bound from $930-$960 and closed out at $957 for a +.4% week. Silver did...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=148http://www.pitguru.com/Article.aspx?cmd=detail&id=149The previous week saw a mixed bag of inputs with beans continuing to fight the good fight while corn and wheat continue to falter. Wheat is a massive dog losing to corn early before a late week revival...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=149http://www.pitguru.com/Article.aspx?cmd=detail&id=141It looks though many strategists are buying into this market - or what I call a “sucker’s rally”. This is what I like to also call the “flock theory” and the government appears to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=141http://www.pitguru.com/Article.aspx?cmd=detail&id=142Oil is brushing up against topside resistance near $75 and is showing heavy inter-market correlation to stock market and U.S. dollar movement. As the stock market sets fresh highs it pressures the dollar, which...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=142http://www.pitguru.com/Article.aspx?cmd=detail&id=143Among the soft complex, Cocoa seemed the only market that produced gains last week; yet there seemed to be a growing bullish sentiment at work as the week ended. I cannot yet get with this...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=143http://www.pitguru.com/Article.aspx?cmd=detail&id=144Gold and silver have been very choppy as of late, trying to get ahead of a back and forth U.S. dollar market. This apparent currency dependency is nothing new; in fact...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=144http://www.pitguru.com/Article.aspx?cmd=detail&id=136Stocks may be tumbling because investors believe that consumers may be too nervous to help the economy recover. Really? I thought the smartest people in the world ran the government. I think...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=136http://www.pitguru.com/Article.aspx?cmd=detail&id=137Last week saw energy markets fall off as the stock market finally came off of its euphoria and the USD strengthened to send Crude Oil lower, down 4.3% for the week to close at $67.51. Heating oil fell 3.5% to $1.8410 and weak...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=137http://www.pitguru.com/Article.aspx?cmd=detail&id=138While the call has been for an economic recovery and a weaker dollar and positions had been taken in loyalty towards increasing demand expecting to fuel higher commodity values this was not the practical case this past week. The soft markets began...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=138http://www.pitguru.com/Article.aspx?cmd=detail&id=139Precious metals fell off last week (after seeing some highs of the year) with all commodities as the equity market traded lower and the USD gained some significant strength. Gold for December fell to $945, down .3% and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=139http://www.pitguru.com/Article.aspx?cmd=detail&id=140The previous week saw messy chop sessions with beans holding relative gains until Friday when perfect weather and a collapse in crude brought all markets to their knees. There is little hope for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=140http://www.pitguru.com/Article.aspx?cmd=detail&id=131The market had a wonderful rally, and sometimes a small break is in order. Saw a relatively slow week and very little trading range. This week may see some profit taking because resistance at the...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=131http://www.pitguru.com/Article.aspx?cmd=detail&id=132Energies were up last week even after crude stockpiles rose for a second straight week as the market was +2.3% to close out at $70.93. Heating oil followed crude and rose even more ny 4.3% as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=132http://www.pitguru.com/Article.aspx?cmd=detail&id=133Wow, what a week! As a group, prices among the soft complex improved with a few components surging ahead. Sugar took off, finishing the week with...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=133http://www.pitguru.com/Article.aspx?cmd=detail&id=134Precious metals were all up last week, but off their highs as gold was up .4% to $957. Silver rallied nicely up 5.2% to $14.66. Platinum gained 4% to $1,268/oz after almost...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=134http://www.pitguru.com/Article.aspx?cmd=detail&id=135The previous week saw messy trade as everyone gets ready for Wednesday's special report attached to the normal WASDE. This special acreage report is quite important for beans in that their yield expectation is not expected to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=135http://www.pitguru.com/Article.aspx?cmd=detail&id=126There was an announcement today that foreclosures in Arizona, California, and Florida are stabilizing. These states are currently having issues with not only housing but unemployment and bankruptcies. When the AP's Economic Stress Index...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=126http://www.pitguru.com/Article.aspx?cmd=detail&id=127Energies had a huge whiplash affect last week as we saw Crude Oil sell off all the way down to $62.75 on a huge build in inventories on Wednesday only to rally back up to $69.45 (+2% on the week) on the Friday session. This occurred when...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=127http://www.pitguru.com/Article.aspx?cmd=detail&id=128The coming week should be very telling. It could provide reason for bullish approaches across the board in the soft complex as the CCI (formerly CRB) is poised to break above key resistance. If that occurs...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=128http://www.pitguru.com/Article.aspx?cmd=detail&id=129We still haven't gotten anywhere with the precious metals as both Gold and Silver still seem range bound at $945 and $13.75 respectively. Gold traded lower on the consumer confidence numbers but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=129http://www.pitguru.com/Article.aspx?cmd=detail&id=130The previous week saw a key reversal in sentiment with AG markets reversing negative sentiment due to technically oversold ideas and relative values versus other commodity groups. The fundamental side continues to see...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=130http://www.pitguru.com/Article.aspx?cmd=detail&id=121It looks like the S&P has broken out of its resistance and could be headed straight for 1000. I don't know exactly what these supposed experts are drinking, but there is resistance at 1005. If we dissect the chart and look back...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=121http://www.pitguru.com/Article.aspx?cmd=detail&id=122Energies continued their strong run last week as equities carried things higher for the second week in a row despite rising inventories. Crude Oil was up 7.3% to close out at $68.05 while products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=122http://www.pitguru.com/Article.aspx?cmd=detail&id=123During the past week, with the equity markets gaining and the Dow moving over 9000, saw several substantial price moves among the softs. In cocoa, prices reached new highs for the past six months; and...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=123http://www.pitguru.com/Article.aspx?cmd=detail&id=124Metals are again following the equity trend with rising prices and a weakening USD. Gold was up $15 to $952, good for a 1.6% gain. Silver had a very nice week with prices up 3.5%, rising to as high as $14.00 before coming back to settle at $13.87. Platinum looking...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=124http://www.pitguru.com/Article.aspx?cmd=detail&id=125The previous week saw continued pressure due to perfect weather, congressional conversations and worldwide economic woes. The market did get a mid week pick-me-up following...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=125http://www.pitguru.com/Article.aspx?cmd=detail&id=116CIT group got the extension they needed to stay afloat for the short term. New bonds will be swapped with outstanding bonds - which are supposedly going to yield over 10%. Although that is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=116http://www.pitguru.com/Article.aspx?cmd=detail&id=117Energies had a great week (after falling off of a cliff) to post nice gains as oil prices rose 6.1% to $63.56, helped by rising equity markets, a weaker USD, and a rebound in U.S. housing starts. Products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=117http://www.pitguru.com/Article.aspx?cmd=detail&id=118During the summertime trading markets are generally thinner - meaning volumes are typically lower - therefore markets are often more susceptible to being pushed (or at times forced) when order flow becomes too one-sided. It also isn't unusual to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=118http://www.pitguru.com/Article.aspx?cmd=detail&id=119Precious metals had a stellar week (as did most commodities) as gold was up $25 for the week, good for +2.7% and silver rallied +70 cents to $13.39 with an even better percentage gain of 6%. Platinum was...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=119http://www.pitguru.com/Article.aspx?cmd=detail&id=120The previous week saw a continued exit out of commodity longs with money again enticed by the thought of oversold equities. The general theory is with conditions looking so...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=120http://www.pitguru.com/Article.aspx?cmd=detail&id=112This week will probably see the country's top politicians argue over whether a stimulus package will help the country or land it in deeper water. Tuesday, Goldman Sachs, Johnson & Johnson, and Intel will share their earnings with the world. Supposedly...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=112http://www.pitguru.com/Article.aspx?cmd=detail&id=113Déjà vu - energies are lower, mirroring last week. Crude is breaking all the major support areas as this market was down 8.7% to $59.89/barrel on the New York Mercantile Exchange. Heating Oil was also down 8% as rising inventories contributed to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=113http://www.pitguru.com/Article.aspx?cmd=detail&id=114This past week saw Orange Juice, Cotton and Cocoa prices all advance, Sugar prices hold (perhaps building a base) above their old highs, while Coffee prices declined... again. The gains in OJ and cotton prices seemed...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=114http://www.pitguru.com/Article.aspx?cmd=detail&id=115Precious metals continuing with the commodity slide as Gold down 2% to $912 breaking through its most recent support of $915. Silver (as we have seen before) much weaker than Gold, down 5.6%, breaking $13.00 to $12.63/oz. Platinum had an awful week as...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=115http://www.pitguru.com/Article.aspx?cmd=detail&id=107Welcome back to a full week of trading and earnings reports. The market has taken a turn for the worse and may continue to slide as earnings numbers continue to pour in. So far the losers are...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=107http://www.pitguru.com/Article.aspx?cmd=detail&id=108Well, here is the liquidation that everyone has been hearing about (and waiting for) as energies sold off in dramatic fashion at the end of last week. Crude was down 5% to $65.63/barrel, but it was the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=108http://www.pitguru.com/Article.aspx?cmd=detail&id=109Individual markets often take their leads from other markets as no market trades in a vacuum. It’s important to remember this heading into the summer season - typically a time of...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=109http://www.pitguru.com/Article.aspx?cmd=detail&id=110Precious metals again had nothing real amusing to talk about this week with gold trading up to $945 and getting hit back down to $930 by week’s end. This had a direct result of the USD getting stronger as gold was down...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=110http://www.pitguru.com/Article.aspx?cmd=detail&id=111The previous week saw two sides to the same depressing agricultural story. The week started quietly ahead of the USDA acreage report on Tuesday, which dropped a bearish bomb on the market. Between beans and corn we...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=111http://www.pitguru.com/Article.aspx?cmd=detail&id=102Economic data from Europe's indexes showed that their economy may be stabilizing. Yes, this is good news - but obviously they are lagging US data. The unfortunate problem is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=102http://www.pitguru.com/Article.aspx?cmd=detail&id=103Last week saw energies falter coming off the $70 level as crude traded down to $66, but finished at $69.16/barrel - good for a 1.2% decline even when inventories drew more than expected. Gasoline...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=103http://www.pitguru.com/Article.aspx?cmd=detail&id=104Among the Soft markets, Sugar had an exciting week with a pronounced rally. The remaining markets proved dull in comparison. Cocoa prices recovered sharply thanks to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=104http://www.pitguru.com/Article.aspx?cmd=detail&id=105Precious metals had a mixed bag last week even though the USD was weaker as gold traded higher by $5 to $940 (+.6%), silver lost 8 cents down .4%, and platinum was down .5% to $1,203/oz. Copper had an...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=105http://www.pitguru.com/Article.aspx?cmd=detail&id=106Not the normal weekend report this time. The acreage report will change everything on Tuesday, so no use in prognosticating ahead of the numbers. The two crucial numbers are planted acreage for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=106http://www.pitguru.com/Article.aspx?cmd=detail&id=97The World Bank announced that the market was worse than they thought - and to expect more bad news. Many were predicting that the economy was going to shrink by 1.7%, and now they feel...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=97http://www.pitguru.com/Article.aspx?cmd=detail&id=98I think we may have seen the tip of the iceberg on Friday as energies sold off considerably at the end of the day thanks to Gasoline and its big increase in inventories on Wednesday's supply data. All energies came off hard even though...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=98http://www.pitguru.com/Article.aspx?cmd=detail&id=99Trends are clearly down as the soft commodity markets moved lower this past week. Speculators liquidated longs and initiated shorts sensing a growing vulnerability to the downside. While this is in contrast to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=99http://www.pitguru.com/Article.aspx?cmd=detail&id=100With the USD called higher this morning - trading up 7 tenths of a penny to $1.3865 - likely see Gold test the recent low around $927 and try and push through that number this week. Silver has been...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=100http://www.pitguru.com/Article.aspx?cmd=detail&id=101The previous week saw a continued downside correction with perfect weather and a ho-hum demand scene to boot. Macro markets are all over the map with the US dollar swinging wildly. The world's eye remains on...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=101http://www.pitguru.com/Article.aspx?cmd=detail&id=92The economy is still sliding downward, yet the United States and members of the IMF believe that the worst is over. Somehow this does not impress me...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=92http://www.pitguru.com/Article.aspx?cmd=detail&id=93Energies had their winning streak continue at 4 weeks as Crude traded above $71 for the first time since mid-October ‘08. Oil settled at $72.04/barrel on the New York Mercantile Exchange...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=93http://www.pitguru.com/Article.aspx?cmd=detail&id=94Price action this past week hinged on the influence of the day by day direction of the dollar and the rolling of positions out of July. As a result of the rolling...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=94http://www.pitguru.com/Article.aspx?cmd=detail&id=95Precious metals lost some ground last week - especially on the Friday session - as the USD rallied against other major currencies. Gold was down 2.1$ this week to $940 but was actually pretty...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=95http://www.pitguru.com/Article.aspx?cmd=detail&id=96The previous week saw the first stage of the market correction with bears gaining a firm hand hold following WASDE with nothing on the report to feed the bull. Outside markets, especially crude, are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=96http://www.pitguru.com/Article.aspx?cmd=detail&id=87Energies had a modest week which saw another gain in equities until falling off at the end of Friday's trading session on a rebounding USD. Crude Oil gained 3.2% to $68.44 and traded above $70 even after...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=87http://www.pitguru.com/Article.aspx?cmd=detail&id=88Unemployment numbers reached 9.4% - should the nation be freaking out? Yes and no. Remember, in order to move forward take a look at the past. During the Great Depression, 30% unemployment was devastating. Obama thwarted higher numbers by...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=88http://www.pitguru.com/Article.aspx?cmd=detail&id=89The previous week saw an early explosion then a choppy downside action as the market leaked in grains. Concern over S. American production and stocks levels supported old crop beans allowing the N/X spread to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=89http://www.pitguru.com/Article.aspx?cmd=detail&id=90The Soft markets do not seem to be focused upon their own individual fundamentals; rather, they are taking their lead from the direction of the dollar and outside markets. The US dollar, which had...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=90http://www.pitguru.com/Article.aspx?cmd=detail&id=91Precious metals saw a drop in prices as the USD gained hard against other major currencies at the end of Friday's session. Gold traded down to $950 (down -1.7% for the week) and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=91http://www.pitguru.com/Article.aspx?cmd=detail&id=82A new, improved GM may pop-up in the near future and current bond holders will gamble to see if it happens. Bond holders will swap their bonds for a 10% stake in a restructured company. GM would like to swap $27 billion into unsecured debt and start over. Am I the only one...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=82http://www.pitguru.com/Article.aspx?cmd=detail&id=83Some key data points helping energies rally last week as consumer confidence shot up to its highest levels since September ’08, bringing crude up from below $60 to close out at $62.50 on May 26th. On Thursday, May 28th, data showed inventories fall for a fourth straight week as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=83http://www.pitguru.com/Article.aspx?cmd=detail&id=84The moving of positions from the front month into the next active month (principally by long only index funds, but also by spec funds and specs), will dominate the action in several members of the soft markets this coming week. "The Roll", as it is often called, occurs because...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=84http://www.pitguru.com/Article.aspx?cmd=detail&id=85Gold and silver continue to march higher and higher as the USD weakened significantly against other major currencies last week. The Euro/USD has now just crossed the $1.42 mark and looks to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=85http://www.pitguru.com/Article.aspx?cmd=detail&id=86The previous week we saw a large amount of cash move into commodities as the entire sector, agriculture and softs saw huge gains in open interest. This is helped by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=86http://www.pitguru.com/Article.aspx?cmd=detail&id=77A mixed bag in the energy department last week as Crude Oil prices rose to their highest levels in 6 months to above $60 only to get sold by the smart money as the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=77http://www.pitguru.com/Article.aspx?cmd=detail&id=78I expect more of the choppy trading this week due to a mix of indecision by the government and traders. Being that this week has few earnings and economic data, the market (as you have seen) will be looking for...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=78http://www.pitguru.com/Article.aspx?cmd=detail&id=79The previous week saw two sides of major stories affecting the marketplace. Early we had a good upside move in crude, firm cash basis, wet weather, lowered S. American production estimates, drastically low new crop ending stock estimates for beans (230 million) and a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=79http://www.pitguru.com/Article.aspx?cmd=detail&id=80This past week, four of the five components in the Soft complex reached their highest levels in the last 6-7 months. Coffee, Cotton, Sugar and OJ have all had good bull runs with much of their up moves attributed to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=80http://www.pitguru.com/Article.aspx?cmd=detail&id=81Gold and Silver kept on chugging higher to end out the week, even though the Dollar gained significantly against other major currencies. Gold has now closed above the elusive $930 mark where there was significant resistance. The only trouble I see is...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=81http://www.pitguru.com/Article.aspx?cmd=detail&id=72I can't believe people are just realizing that it has been in a bear market rally. The S&P breaking 920 means that Wall Street will scratch its head and deciding between bull or a bear. I have been saying...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=72http://www.pitguru.com/Article.aspx?cmd=detail&id=73As the stock market continued to soar (gaining ground to 8,500 in the DJIA, well off the 2009 lows of 6,500), so too did the price of energy as it had its best week since March 16th following the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=73http://www.pitguru.com/Article.aspx?cmd=detail&id=74A big up week in the softs...can this be the beginnings of all the inflationary hype, or are things getting ahead of themselves? Are they trading on fundamentals, or are we experiencing the impact of excess fund and speculative money? One cannot help but wonder...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=74http://www.pitguru.com/Article.aspx?cmd=detail&id=75The precious metals in Gold and Silver had modestly good gains, even though the stock market continued to gain momentum trading above 8500 in the DJIA. What helped overshadow the market rally was...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=75http://www.pitguru.com/Article.aspx?cmd=detail&id=76The previous week saw a good upside move across the floor with wheat scaring out net shorts; corn concerned about cold, wet weather; and beans seeing smaller and smaller S. American production estimates. All markets were helped by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=76http://www.pitguru.com/Article.aspx?cmd=detail&id=67Energy prices had one of their best weeks in quite some time as the equity markets gained strength and the dollar took a back seat against other major currencies. Crude rose 3.2% to $53.20/barrel and gained most of its strength...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=67http://www.pitguru.com/Article.aspx?cmd=detail&id=68What should one expect this week? It is going to get a little crazy from Jump Street for a few reasons. Bank of America is reporting that they can raise their own capital of over $10 billion. Also...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=68http://www.pitguru.com/Article.aspx?cmd=detail&id=69The previous week saw a good upside move across the board with old crop beans and gains actually moving in sequence. We did see old new bean spreads widen out as well as bean corn spreads. The upside move was created by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=69http://www.pitguru.com/Article.aspx?cmd=detail&id=70As mentioned last week, it appears as though there is more money coming into commodities. It was such speculative fund buying that fueled the rally in key components of the soft complex, with cotton and sugar...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=70http://www.pitguru.com/Article.aspx?cmd=detail&id=71Precious metals fell last week with gold down below $900/oz closing at $888.2, -2.1% as the equity markets continued to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=71http://www.pitguru.com/Article.aspx?cmd=detail&id=64All across the board energies were down by more than full percentage points, but a little bit misleading with the liquidation I saw to start off the week and the recovery towards week’s end. This strength toward the end was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=64http://www.pitguru.com/Article.aspx?cmd=detail&id=65This past week the Soft markets yielded positive results for bulls with Coffee, Cocoa, Sugar, and Cotton prices all advancing - only OJ prices lost ground. As the week wore on, the dollar began...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=65http://www.pitguru.com/Article.aspx?cmd=detail&id=66Gold and silver had their best in 3 weeks as prices ballooned +5% in both precious metals on a short term meltdown of the USD. The dollar lost more than 3 cents against the Euro to send...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=66http://www.pitguru.com/Article.aspx?cmd=detail&id=5This week - just like last - pay attention to earnings. Bank of America, to some, will be a disappointment for the simple fact that troubled debt will continue to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=5http://www.pitguru.com/Article.aspx?cmd=detail&id=6Last week saw the energy sector put up some modest gains even though there was a build in crude inventories for the third straight week. The market was +.5% in the May contract to close at $50.33/barrel on the New York Mercantile Exchange. Heating Oil was the only market...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=6http://www.pitguru.com/Article.aspx?cmd=detail&id=7The previous week saw a mixed bag. Beans and wheat tried to rally while corn floundered under the weight of massive old crop stocks. Heavy export sales in corn and beans adds a bit of fire to the bean market with old crop moving to the upside before...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=7http://www.pitguru.com/Article.aspx?cmd=detail&id=8Sure, there has been some positive news regarding earnings and some optimistic reading of economic indicators that may have helped the Dow move above 8000 and have a decent week. Yet...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=8http://www.pitguru.com/Article.aspx?cmd=detail&id=17For the third straight week Gold and Silver trend lower while Copper and Platinum exceed everyone’s expectations as the dollar rose to its highest point in a month and...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=17http://www.pitguru.com/Article.aspx?cmd=detail&id=18For the second straight week it is the same old song, Gold and Silver prices lower while Copper and Platinum prices are reaching new weekly highs. Gold spot prices...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=18http://www.pitguru.com/Article.aspx?cmd=detail&id=9Are investors out of the bear market? This week will show us where things may be headed - let's call it a snap shot of the health of the economy. Over 8000 on the DJIA and over 850 on the S&P and things are looking...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=9http://www.pitguru.com/Article.aspx?cmd=detail&id=10Energies had their winning streak snapped at 7 weeks as it saw inventories in two major markets rise for the second straight week to send prices lower. Crude Oil was down .5%, settling at $52.24 a barrel on the NYMEX. Both products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=10http://www.pitguru.com/Article.aspx?cmd=detail&id=11The past week in the soft markets saw some "S" curves in price movement. Cocoa took a sizable drop, cotton advanced briskly (until the last half hour of trading), and coffee and sugar saw...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=11http://www.pitguru.com/Article.aspx?cmd=detail&id=12The previous week saw a mixed move early then a downside pull in grains as macro markets and the long weekend brought profit taking into the trade. There was little real fresh fundamental information before Thursday's WASDE report, with this offering a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=12http://www.pitguru.com/Article.aspx?cmd=detail&id=13I can only sum up last week with one word: unbelievable! The DJIA had the best four week run since 1933. Can it hold up? Is fear in the air? Many are waiting for definitive answers or...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=13http://www.pitguru.com/Article.aspx?cmd=detail&id=14What a bumpy ride in the energy sector last week. A huge sell-off in the first three days, only to pare those losses into a relatively unchanged week with a surprising leader of the pack. Crude Oil dipped down to $47 on Wednesday after...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=14http://www.pitguru.com/Article.aspx?cmd=detail&id=15While the economy continues to struggle, investors seem more openly optimistic and willing to position themselves for the anticipated inflationary effects of the massive rescue efforts. Idle money is becoming more available, and more actively willing to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=15http://www.pitguru.com/Article.aspx?cmd=detail&id=19t was a down week for the two main precious metals as we saw the 4th straight week of gains in the DJIA putting heavy selling pressure on Gold and Silver. Spot Gold...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=19http://www.pitguru.com/Article.aspx?cmd=detail&id=20It was the sixth time in a row that saw crude rise, but by its least percentage up only .6% to $52.38 a barrel on the NYMEX. Heating Oil once again continues to outperform as a...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=20http://www.pitguru.com/Article.aspx?cmd=detail&id=21Last week, we saw a decent gain in equities - but once again, a sell off at week's end. Taking profits off the table at the end of the week may show that...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=21http://www.pitguru.com/Article.aspx?cmd=detail&id=22The previous week saw outside markets reverse midmonth momentum dragging all agricultural markets lower as weakening fundamentals and over bought short term technicals again demoralize bulls. The market is...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=22http://www.pitguru.com/Article.aspx?cmd=detail&id=23The Soft markets moved sideways to lower during the course of last week's trading. Volume was dull and the price response again keyed off of movement in the dollar. The outlook for this coming week is...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=23http://www.pitguru.com/Article.aspx?cmd=detail&id=24Precious metals gold and silver had an off week as we saw the dollar trade higher while the US equity market rallied. This sent gold down 3.5% to $923 and silver down 3.9% to $13.32. Both platinum and copper, however...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=24http://www.pitguru.com/Article.aspx?cmd=detail&id=25Last week we saw a nice rise in the market on news of housing starts - but do you know what kind of housing it was? It wasn't single family homes! It was...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=25http://www.pitguru.com/Article.aspx?cmd=detail&id=26Great week all-around as most every commodity was up, with some even trading at new-year highs. Crude Oil gained 10% from $46.25 to $51.00 a barrel even though...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=26http://www.pitguru.com/Article.aspx?cmd=detail&id=27The soft markets began last week in lackluster trading, and then received a boost from a sharply weaker dollar courtesy of the Fed's announcement to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=27http://www.pitguru.com/Article.aspx?cmd=detail&id=28Nice week for Metal longs as we saw more than a 4% gain in each commodity here. This was helped by the US Government announcing to buy back $1.15 trillion in US treasuries and bonds as this had an...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=28http://www.pitguru.com/Article.aspx?cmd=detail&id=29All in all, the previous week saw a choppy upside march with wheat acting as the relative weakness, yet still higher as heavy stock levels hamper upside momentum with beans and corn in the middle of a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=29http://www.pitguru.com/Article.aspx?cmd=detail&id=30Last week saw a nice gain in the market with little-to-no news. Citigroup having a profitable month does not mean their problems are fixed, or that...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=30http://www.pitguru.com/Article.aspx?cmd=detail&id=31Crude oil rose again, mirroring a gain of last week's 1.6% to a close of $46.25 a barrel on the NYMEX as traders closed out positions waiting on OPEC's meeting on Sunday, March 15th. Heating Oil continued to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=31http://www.pitguru.com/Article.aspx?cmd=detail&id=32Cocoa was among the markets that appeared to be garnering fresh attention amid renewed risk appetites from investors last week. This possible renewed interest from speculators and funds could...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=32http://www.pitguru.com/Article.aspx?cmd=detail&id=34The previous week saw serious volatility as early week upside momentum was faded - then reversed again - with corn closing the week on fresh highs. The upside momentum came from...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=34http://www.pitguru.com/Article.aspx?cmd=detail&id=35Precious metals were mainly down across the board as investors exited long positions amid a 700 point rally in the Dow Jones Industrial Average. Gold and Silver were...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=35http://www.pitguru.com/Article.aspx?cmd=detail&id=36The market has turned slightly green early heading into a new week. The dismal news continues to come out regarding the largest insurance company out there: AIG. Most recently...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=36http://www.pitguru.com/Article.aspx?cmd=detail&id=37Cocoa just couldn’t hold on to early week gains and tumbled lower to end last week’s trade. As bean arrivals at port in Ivory Coast pick up, it is likely this week will deliver...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=37http://www.pitguru.com/Article.aspx?cmd=detail&id=38Bleak economic reports continue to send people looking for a haven and gold got a boost last week because of that. Gold prices pushed towards $950 again and this week will probably...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=38http://www.pitguru.com/Article.aspx?cmd=detail&id=39The story of the day is clearly AIG. It has been decided by the powers that be this company is too important to hold accountable for their actions and let fail. AIG should receive as much as $30 billion in new government capital bailout money after posting the worst loss in the history of US corporations. The final quarter...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=39http://www.pitguru.com/Article.aspx?cmd=detail&id=41Gold and silver dropped steadily last week as traders took profits and the move towards precious metals cooled from the previous week’s trade. This week should see...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=41http://www.pitguru.com/Article.aspx?cmd=detail&id=42The previous week saw negative worldwide momentum eliminate any chance of a sustained rally with weakening fundamental factors leading to open interest liquidation. There was talk of...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=42http://www.pitguru.com/Article.aspx?cmd=detail&id=43Cocoa made fresh attempts at moving higher but has been stopped in its tracks by recent reports that grindings will be lower. Added to that, a German cocoa trade group’s spokesperson said...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=43http://www.pitguru.com/Article.aspx?cmd=detail&id=44Each day the news coming out gets more interesting. Coming off of the heels of President Barack Obama’s $787 billion economic stimulus package, China decided they...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=44http://www.pitguru.com/Article.aspx?cmd=detail&id=45Cocoa has given back nearly all of its recent gains as traders begin to look to the possibility of falling demand in the midst of recession. This trend will likely continue...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=45http://www.pitguru.com/Article.aspx?cmd=detail&id=46Interest in precious metals continued last week and gold managed to pop above the $1000 level – although it couldn’t hold on to that price for too long. This week should see...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=46http://www.pitguru.com/Article.aspx?cmd=detail&id=47The previous week saw early pressure, then a chop trade in grains while pressure in beans continued due to collapsing Chinese crush margins. Macro markets saw a strong move from...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=47http://www.pitguru.com/Article.aspx?cmd=detail&id=48Typically, when you’re not sure, you don’t act – a practice that Treasury Secretary Timothy Geithner follows. Today, he delayed the announcement of the financial recovery plan proposed by President Obama. The proposal...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=48http://www.pitguru.com/Article.aspx?cmd=detail&id=49Cocoa is still riding high on concerns that production will fall short of global bean needs, and that the 2008/2009 season will suffer from a supply deficit. A return of fund action in the speculative long side of this market has also...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=49http://www.pitguru.com/Article.aspx?cmd=detail&id=50Gold and silver continued to move higher last week with silver making some fresh highs for the year. Today’s trade has turned lower in both markets as traders take profits from the rally off the table. Weaker longs might...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=50http://www.pitguru.com/Article.aspx?cmd=detail&id=51The previous week saw an early price decline followed by a nice recovery with drier weather and positive equity sentiment allowing money to flow into our markets. Beans were the most...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=51http://www.pitguru.com/Article.aspx?cmd=detail&id=52The final $350 billion of the TARP Funds are still burning a hole in the government’s pocket. Unfortunately, Obama’s administration has delayed the unveiling of how...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=52http://www.pitguru.com/Article.aspx?cmd=detail&id=53Cocoa delivered high prices before turning lower last week as rumors of larger bean deliveries to port in Ivory Coast began to pick up. Mid-week concerns that the crops might be threatened by pests helped...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=53http://www.pitguru.com/Article.aspx?cmd=detail&id=54The flight to quality picked up some steam last week and some fund interest returned to precious metals. There has been strong physical demand from ETFs, and gloomy economic reports brought...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=54http://www.pitguru.com/Article.aspx?cmd=detail&id=55The previous week saw a choppy trade as fresh fundamental information was scarce, allowing for mostly negative macro information and weak equities to weigh on a market looking for but lacking direction. The major story continues to be...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=55http://www.pitguru.com/Article.aspx?cmd=detail&id=56Earnings season is just about to be in full swing. The expectation is not positive overall. Picture this: last week unemployment increased again from 6.7% to 7.2% in December. Each time it comes out...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=56http://www.pitguru.com/Article.aspx?cmd=detail&id=57Cocoa will be struggling to hold its recent price range this week as the late start might have pared deliveries but won't end on a complete down-note. There is still plenty of time to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=57http://www.pitguru.com/Article.aspx?cmd=detail&id=58Gold couldn’t hang on to higher prices as the US dollar strengthened. Sagging oil prices and continued gains in the US dollar this week will keep the selling pressure on. Investors are still wary of...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=58http://www.pitguru.com/Article.aspx?cmd=detail&id=59The previous week saw a good upside bias with soybeans leading the upside charge as S. American weather and persistent Chinese demand kept basis and world ending stocks the talks of the town. Grains did move higher with wheat out pacing corn as...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=59http://www.pitguru.com/Article.aspx?cmd=detail&id=60The markets were strong last week; the Dow and the S&P were both up over 6%. However, this is the first full trading week of the New Year and we are starting off down early. Bonds have become...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=60http://www.pitguru.com/Article.aspx?cmd=detail&id=61The holiday trading period has passed, and with the New Year traders are likely to approach the markets with gusto. Renewed interest in crude oil with the unrest in the Middle East will likely...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=61http://www.pitguru.com/Article.aspx?cmd=detail&id=62The holidays are over and gold is moving lower as the US dollar strengthens against the euro. The chance that a stimulus package will support the US economy may send risk-adverse traders packing as...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=62http://www.pitguru.com/Article.aspx?cmd=detail&id=63The previous week saw limited volume as the holiday season came to a close. The markets peaked early in the week then faded on profit taking with macro markets remaining the key indicators for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=63