Gold Support at $1200 ?

Posted on February 11, 2015 by Mitchel LaRocca

Trying to buy April Gold futures at $1208.00 with “disaster” sell stop at $1188.00. This is after exiting long June $1350 calls with loss and buying back June $1450 calls with profit. Still have short June $1400 calls to play verses long futures. In essence, suggest buying gold at $1208.00 then sell calls for cushion. Click image to enlarge. Regards, Walt Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com Guaranteed Introducing Broker to R. J. O’Brien www.dallascommodity.com Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance […]

Read More »

December ’15 Corn

Posted on February 11, 2015 by Mitchel LaRocca

The technical pattern looks interesting. Looking at the last 10-15 days in isolation the price action looks very much like a reverse head and shoulders pattern. Support at $4.00 held and given the recent USDA plantings outlook and positive report news, the market appears poised to test the 4.40 – 4.50 area if resistance is taken out. With other indicators showing room for the market to advance it appears Dec. Corn above the 40 day moving average would invite some additional buying interest. For additional information and risk parameters please contact Mitch LaRocca @ 972-387-0080 or mitch@dallascommodity.com

Read More »

Watershed Day For The US Dollar?

Posted on December 8, 2014 by Daniel Burkholder

The Euro currency has over 60% weighting in the US Dollar Index. I feel the strength in the greenback over the last half year was more a function of a weak Euro, a consequence of poor economic conditions in the countries which constitute the Euro zone, than a robust American economy. Weak employment numbers in the US, per yesterday’s ADP report, is a good example. Draghi’s comments today confused the hell out of pundits as to what the European Central Bank was up to, thus a crazy trading day for the currencies. From a technical analysis stand point, today’s volatile trade saw the Euro trade below yesterday’s close (the lowest point in the Euro’s six month bear market), then jump like a scalded ape, surpassing yesterday’s high trade. This is what is known as an outside-reversal-day. Trading programs which key off of technical analysis only (with a lot of billions of […]

Read More »

Outside-Reversals In Weekly Gold & Silver Charts

Posted on December 8, 2014 by Daniel Burkholder

A close by silver above $16.65 tomorrow will constitute a text book outside-reversal-week. Silver already took out the low and the high of last week, which was the lowest weekly close of silver’s bear market. Weekly gold chart also describes an outside-reversal-week, but not in the classic manner as silver. Regards,  Walt  Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com

Read More »

Corn Trade

Posted on December 8, 2014 by Daniel Burkholder

You should consider buying some corn calls. This chart appears really bullish to me. I’ve been buying March $4.00 calls today for 13.5 – 14.0 ct ($675 – 700). Target is $4.50 area ($2500). Regards,  Walt  Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com

Read More »

This material has been prepared by a sales or trading employee or agent of Dallas Commodity Company and is, or is in the nature of, a solicitation. This material is not a research report prepared by Dallas Commodity Company's Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

The risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market.