Ample supplies and a mild winter have caused natural gas
futures to drip down into multi-decade low support levels. The market has
reached the sub-$2 level a handful of times in the last 20 years, which proved
to be a value zone many times. The market still looks negative, but it is time
to think about a long term bottom. However,...
Each brokerage firm sets their minimum starting size for
accounts. Normally, it starts at $5,000,
but I have seen them as low as $1,000.
It is common for first-time traders to start trading with a $5,000 to
$10,000 account. However, there is a
learning curve with trading futures and the account size should fit the
experience level, financial situation of the trader, markets...
Agriculture commodity prices have dropped substantially this
year. The agriculture commodities consist mainly of the grains, livestock and
softs (food). Some commodities like
corn, lean hogs and cocoa had their moments in the sun this year. Now, most of the agriculture commodities are
firmly entrenched in downtrends.
The good news is that I suspect many of these...
Live cattle futures had limit-down moves on Monday and
Tuesday, losing about 7 percent of its value in that rapid decline. The news
that rocked the market was a severely damaging fire at a Tyson Fresh Meats
plant in Kansas. The plant represents about 5-6 percent of the cattle
processing capacity in this country. Needless to say, cattle traders headed for
the...
Live cattle futures have recovered all the losses from the Tyson
plant fire in August. The market now stands at solid resistance from a prior
chart consolidation and a 62 percent retracement from highs back in April.
I still see the market as being bullish. The fundamental side looks good as packers still have solid...
