GBPCAD advances bullish sequence from equal leg
Elliott Wave Forecast26 minutes ago
Hello traders. In this blog post, we will look at how (GBPCAD) advances bullish sequence from late 2023 after it bounced from an equal leg area. As you know, we analyze and trade 78 instruments with members at ElliottWave-Forecast.
USDX Elliott Wave: Forecasting the Decline from Equal Legs Area
Elliott Wave Forecast33 minutes ago
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index, published in members area of the website. As our members know, USDX has ended the cycle from the December’s 2023 low.
Cattle Rally Alongside Boxed Beef Pop
Barchart38 minutes ago
Live cattle closed the Tuesday session with $1.60 to $2.72 gains, as boxed beef rallied for a second consecutive day. Cash action was mostly compiling showlists early this week. Last week was mixed, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders posted gains of...
Soybeans Drop on Tuesday
Barchart38 minutes ago
Soybean closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80 to $6.10/ton. Soy Oil collapsed 131 to 184 points on the session. On Tuesday morning the White House issued an announcement of increased tariffs on...
Wheat Bull Hit Speed Bump on Tuesday
Barchart38 minutes ago
The wheat complex fell into Turnaround Tuesday across the three exchanges. Chicago contracts were down 1 ½ to 14 ½ cents led by the front months. Kansas City futures closed out with losses of 7 ¼ to 16 ¾ cents as may expired. MPLS spring wheat futures were fractionally to...
Soybeans Drop on Tuesday
Barchart38 minutes ago
Soybean closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80 to $6.10/ton. Soy Oil collapsed 131 to 184 points on the session. On Tuesday morning the White House issued an announcement of increased tariffs on...
Hogs Close Tuesday with Strength
Barchart38 minutes ago
Lean hogs saw some gains to round up the Tuesday session, up 7 to 87 cents across the board. USDA’s National Average Base Hog negotiated price was up $1.05 in the Tuesday afternoon print at $90.83. The CME Lean Hog Index was down a dime on May 10 at $91.22....
Cotton Close With Limit July Losses
Barchart38 minutes ago
The cotton market saw July settled down the 3 cent limit, as other contracts were down 11 to 148 points on the day. Limits are expanded to 4 cents for the Wednesday session Crude oil was down $0.72 and adding to the pressure. Crop Progress data from Monday afternoon indicated...
Corn Pulls Back on Tuesday
Barchart38 minutes ago
Corn futures ended the Tuesday session with contracts fractionally to 5 cents lower out to July ’25. Deferred contracts were steady to ¾ cent higher. USDA reported a large private export sale of 405,000 MT of corn to Mexico via the daily system, with 135,000 MT for old crop and...
Corn Pulls Back on Tuesday
Barchart38 minutes ago
Corn futures ended the Tuesday session with contracts fractionally to 5 cents lower out to July ’25. Deferred contracts were steady to ¾ cent higher. USDA reported a large private export sale of 405,000 MT of corn to Mexico via the daily system, with 135,000 MT for old crop and...
XPO Should Continue Bullish Rally
Elliott Wave Forecast39 minutes ago
XPO INC., (XPO) provides freight transportation services in United States, rest of North America, Europe, UK & internationally. It operates in two segments, North American LTL & European Transportation & offers services to different industries.