Global Capital Reserves: Futures Daily for Feb 22, 2013

Friday, February 22, 2013

Futures Daily for Feb 22, 2013

Quiet Commodities! There are few movers today! Only cocoa and soybeans are showing good volatility!

Soft Soybeans: Is this the manifestation of a top? The USDA says it expects a record crop this year along with good global supply. The pattern on the daily chart (left) looks somewhat like a gravestone doji, so I'll be watching to see if prices continue to fall during Sunday evening action.

Cocoa Confirmed: Yesterday's buy signal was confirmed, and I'm watching for stronger follow-through. Today's 1% move higher is a good sign that cocoa has bottomed and will now move higher.

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

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Friday, February 22, 2013

Futures Daily for Feb 22, 2013

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