Gregor Horvat - Elliott Wave Financial Service - Tue Aug 30, 2:18AM CDT
German DAX has been trading south for the last year or so but it might have been only a temporary decline if we consider that structure is pointing up because of overlapping decline from 12424 to 8690 low, labeled as an A-B-C correction. (full story)
Crude oil prices retreated to range support amid doubts about the likelihood of an accord to freeze output emerging out of next month’s informal OPEC meeting.
Crude oil prices retreat to range support as OPEC deal hopes cool
Gold prices correct higher as... (full story)
Bob Hunt - The Pattern Trapper - Mon Aug 29, 6:00PM CDT
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.