We invite you to call and ask about any of these market situations we have discussed or to ask about our considerations for the best trade opportunities for the day or for the week. We also welcome any comment on our weekly commentary as well. We believe, through our years of experience, that what we offer is of value. We are confident enough, in fact, to say to you to tell your friends, relatives and neighbors about us too. Please feel free to contact us at 1 800 321-5810 or email to cbands@cbandsbrokerage.com
Both the Trade Focus commentary and the market analysis section were written during the course of business on Wednesday, November 25th.
We would like to take this opportunity to wish everyone a very Happy Thanksgiving. We have come to consider this our favorite holiday. Great food and great family company. Our memories of this holiday are good ones and hope yours are too. We believe there is much to be grateful for and we wish all the best for everyone.
 Natural Gas (Jan) - It appears to us that there is potential for prices to begin a move to a higher level. We believe long entries can be initiated at a price level of 4900 or better. If elected we suggest stop protection with intraday penetration of 4535. Retracement resistance levels are approx.: 5210; 5410; 5610.
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 SUGAR (Mar) -
Our suggestions stay the same this week which are: Long entries can be initiated with a close at or above 2416. Stop protection for this suggested long entry if elected we believe should be intraday penetration of 2289. The suggested short entry approach remains a close at or below 2114 with suggested stop protection of intraday penetration of 2333 or a close at or above 2303.
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Silver (DEC/Mar) -
There was a long entry in the December contract from the intraday penetration of 178600 that would have seen its stop protection elected at 180600 this past week. Unfortunately the low was 180350 before turning back upward. We will switch our coverage to the March contract and will await further price and pattern development from these levels before new suggestions. There are no active suggestions or positions at this time.
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 Gold (Dec/Feb) -
There has been an active suggested long entry in the December contract from intraday penetration of 107550 on November 3. It is time to roll this position to the February contract which we will, for our purposes here, use the current prices of 117950 for the December and 118140 for the February contract. Stop protection for the suggested long entry in the February contract we believe should be intraday penetration of 114030 or a close at or below 114710. Retracement levels will be updated as soon as the pattern allows.
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Euro Currency (Dec) -
There was an active short entry from the price zone between 14875 and 14915 that would have seen stop protection elected just this morning with intraday penetration of 15082. The high so far has been 15095. There are no suggestions at this time and we will be switching our coverage to the March contract.
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British Pound (Dec/Mar) -
The suggested long entry from the intraday penetration of 16754 on Nov. 9 would have seen stop protection elected with the intraday penetration of 16469 on Nov. 20. We will withdraw the short entry suggestion at this time and will switch our coverage to the March contract going forward.
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| Canadian dollar (Dec/Mar) -
There are no active suggested entries at this time in the December contract and we will switch our coverage to the March contract beginning with out next edition. No new suggestions at this time. |
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 S&P 500 (Dec eMini) -
We can stay with the December contract for another week and will also stay with the basic short entry approaches previously suggested last week with slight modification. The first short entry approach will be with the intraday penetration of 107950 or a closeat or below 108075. If this short entry is elected we believe stop protection should be intraday penetration of 110275. The second short entry approach for new or additional short entries is with a close at or below 102425. The stop protection for this short entry approach if elected we believe should be intraday penetration of 106675. Retracement levels of support are approx.: 107930; 106912; 105895. The next series below is approx.: 105850; 104175; 102525. |
Feeder Cattle (Nov/Jan) - We begin this section with an embarrassing apology. The active suggested short entry that originated in the October contract from a price level of 10250 and subsequently rolled to the November contract should have been rolled once again to the January contract as November was due to expire. It did expire last week and settled in cash, fortunately. It appears that there may be a recovery in Feeder Cattle prices from this level and we will watch and wait further development.
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 Soybeans (Jan) -
There are now two active suggested long entries. The first was from the price zone between 96500 to 9500. The second became elected with intraday penetration of 102550. We believe stop protection for both positions can be raised to intraday penetration of 101150 or a close at or below 101475. Retracement levels of support are approx.: 102250; 100900; 99525. The next series below is approx.: 99775; 97625; 95475.
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 Wheat (Dec/Mar) -
There has been an active suggested long entry from the price level of 49550 or better. Last week we suggested that some may choose to lighten their position at or above the 56000 level which could have been done. At this time our coverage rolls to the March contract as well as for this active suggested long entry. For our purposes we will use 54700 and 56800 as our basis prices for the December and March contracts respectively. We believe stop protection for this suggested long entry in the March contract can be intraday penetration of 52950. New or additional long entries can be initiated with intraday penetration of 60675. Stop protection for this new or additional long entry we believe can be intraday penetration of 56475. Retracement levels of resistance are approx.: 59925; 63225. Retracement levels of support are approx.: 54925; 53200; 51475.
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T-Bonds (Dec/Mar) -
There was a suggested short entry approach that would have been elected this past week from a price level of 120-28 or better. It is time to roll our coverage to the March contract and for our purposes we will use 121-11 and 120-23 for the December and March contracts respectively. Stop protection for the suggested short entry in the March contract we believe can be intraday penetration of 121-07. We will update retracement levels as soon as this pattern allows
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| Ten Year Notes (Dec) -
No new suggestions at this time. |
