Commodity Update For Wednesday, September 19, 2007- Still Watching Gold For An Entry.

I'm still watching December Gold as a possible trade. I was interested in buying December Gold if prices could close over the major resistance of $730. Even though gold shot up briefly yesterday after the Federal Open Market Committee meeting which lowered interest rates, December Gold still has not closed over the $730 level. In fact, December Gold is showing some weakness as it closed near its lows for the day. So, for now, I will keep watching for that close over $730.

I'm also still watching December Soybean Oil. December Bean Oil has been pulling back a bit over the past couple of days from its high of 40.4o on September 18. I'm looking for an entry if December Bean Oil consolidates around the 39.20 level.

To take a look at all of my recent trades, please go to http://www.mylearn2trade.com/.

Commodity Update For September 13, 2007 - Exited The December Corn Trade

On Wednesday, September 12, 2007, I liquidated my December Corn 320 Put Option, December Corn prices closed sharply up on September 12, closing at 356.4, up 15.2 cents for the day. Since prices went throught the strong resistance at the 355 level, and, because this market seems to be having so much trouble breaking out of its trading range between 372 and 324, and, because this market is staying so choppy, up sharply one day and down sharply the next, I decided to pull the plug on this trade. Also, I wanted to minimize any additional loss on this trade because of time decay on the option. So, I'll just stay on the sidelines until a better trade sets up and this market gets more firmly established in a trend. I liquidated my option at 60 cents or $300, which gives me a loss of $75 on this trade before commissions.

I'm still closely watching December 2007 Gold Call options. December
Gold was down 3.10 today to close at 717.60. So, that made the December calls a little cheaper. Now, I'm considering putting in an open order for the December Gold 800 call option which settled today at $540.

To take a look at all my trades, please go to www.mylearn2trade.com

Commodity Update For September 6, 2007 - December Corn Still Moving Lower

It was yet another good day for me with my trade with my December 320 put option. December Corn was down 6.4 cents today to close at 339.2. My option ended the day priced at 10 cents or a value of $500. At this point I have a profit of $125.00 before commissions. Now the next test will be whether Corn can break through the next support level at 333.

To take a look at all my trades, please go to www.mylearn2trade.com.

September 4 Commodity Update: Corn Trade Giving Wild Ride!

Yesterday, September 4, on the first day of trading after the Labor Day holiday, Corn made a sharp move up, closing at 353.2, up 13.2 points. December Corn had been up as high as 357, but had at least come off of its highs for the day by the close. So, with December Corn closing within proximity of my mental stop at 351, I decided to hang on to this contract one more day and sell the next day if prices were again up. At the close of trade on September 4, my 320 put option had a value of 6.125 cents or $306.25. That gave me a loss of $68.75 on the trade before commissions.

Fortunately, today, September 5, December Corn closed down 7.4 cents at 345.6. Prices also closed near the low of the day of 345 so that suggests we may see further downside action in corn over the next few trading days. However, with the volatility of the grain markets these days, who knows? Anyway, at the close of trading today, my option had a value of $400 which gives me a profit of $25 before commissions.

Commodity Update For August 31. 2007 - A Signal To Go Short In November OJ.

December Corn was changed very little today. December Corn closed at 340 which was up just .2 cents from yesterday's close. Like yesterday, December Corn had been as high as 346 during the trading day, but could not hold its gains and ended up giving up virtually all its gains by the close of trade. Again, this indicates a lot of weakness in the market. My December 320 put option closed unchanged from yesterdays close. The option is worth 9.6 which equals a value of 487.50 which gives me an unrealized profit at this point of $112.20, before commission. I'm hoping that next week, when the traders get back from their long holiday weekend, that prices will firm more to the downside.

November Orange Juice actually provided a trigger for a trade to the downside yesterday. November OJ closed below its previous low of 120.25 made on June 26. Also, the Trend Seeker rating is a strong Down. So, now there is an entry signal based on the Hi-Lo Breakout strategy.I haven't entered this market yet as I'm hoping that the market will go back up some and therefore make the November options a little cheaper. I'd like to purchase the November 110 put. The premium on that option is now 320 points or $480. (One point = $1.50). I'd like to see these options come down 70 points to 250 points which would be a premium of $375.

Have a great Labor Day weekend.

Commodity Update For August 30, 2007

Prices for December Corn closed down .4 cents today. That doesn't sound like much of a move; however, December Corn had been all the way up 8 cents at 348 at one point during trading today. So, for December Corn to actually give up all of its gains today and even close a bit lower suggests that there is a lot of weakness in this market and this price action also suggests lower prices to come. My December 320 put today settled at 9.6 cents or a value of $487.50. So, now I have a profit on this trade of exactly $112.50 before commissions. Now, I'm moving my mental stop on this trade down to the 350 which will help me protect my capital in case the market turns against me.

To take a look at all of my trades, please go to www.mylearn2trade.com.

Commodity Update For Wednesday, August 29, 2007-Corn Still Trending Down

Prices for December Corn continued to move down today, down 4.4 cents to close at 340.2. My December 320 put today settled at 9.5 cents or a value of $475.00 So, now I have a profit on this trade of exactly $100.00 before commission. Now that prices have moved lower, I'm still have a mental stop to exit this trade at 356, if the market turns and moves against me.

For a look at all of my trades, please go to www.mylearn2trade.com.

Commodity Update For Tuesday, August 28, 2007

Prices for December Corn continued to move down today, down 8.2 cents to close at 344.6. My December 320 put today settled at 8.25 cents or a value of $412.50. So, now I have a profit on this trade of $37.50 before commission. Now that prices have moved lower, I'm moving my mental stop on this trade down to the 356, which is just above the 50% level of 355. That should help minimize the risk on this trade.

To take a look at all of my completed trades, please go to http://www.mylearn2trade.com/.

Commodity Update For August 24, 2007

As of the close of trading on Friday, August 24, I am still in my December Corn trade, holding my December 320 put option. Corn prices continued to drift lower today. The December contract closed at 358.6, down 3.2 cents from yesterday's close. As happened yesterday, December Corn closed at the lower end of its price range today which suggests some weakness in the market. Also, with the December contract falling and closing below 360, which was a prior resistance level, that also suggests weakness in the market. Both these factors seem to indicate at least somewhat lower prices to come. So, my prospects for this trade look a little better now. The premium on my put option edged up to 5 cents or $250.00 today. So, as of the close of trading today, I have a paper loss of $125 on this option.

Commodity Update For August 23, 2007-Still Short in December Corn

I am still in my December Corn trade with the December 320 put option even though my option premium is down 3 cents or $150. I had said that I would get out of this position is prices closed above 360, which they did yesterday. However, Corn prices today were showing a great deal of weakness. December Corn closed today at 362 which was down 2.2 cents from yesterday's close, but was actually 10 cents lower than the high of the day which was 372. Corn's closing a the bottom of its trading range today and closing so far below its high of today suggests more weakness could be in this market to lower prices further. So, for now, I'm going to see if I can stay in this trade a little while longer and see if Corn indeed does go down further. I'll look at a move above today's high of 372 as a signal to exit this trade.

For a look at all of my completed trades, please go to www.mylearn2trade.com

Commodity Trading Update-August 21, 2007

In the aftermath of the commodity markets being so volatile last week, I really don't have very much in the way of prospective trades for this week. However, one trade did get triggered and that was the trade I had been watching to buy a put option in December Corn.

December Corn on August 16, closed below the bottom of the pennant that prices had been in for a long while. However, the December 320 put option on Friday, August 17, was 11 points, or $550, which was more than I wanted to invest. So, that day I put in an open order to buy one December 320 put for 7.5 cents or less. That would put the price of my option at $375 since 1 cent equals $50. My open order was filled on Monday, August 20, for 7.5 cents.

Unfortunately, December Corn prices have advanced back into the pennant formation. Today, Corn prices were up fairly sharply at 6 cents. However, seemed to be unable to get past resistance at the top of the pennant at 357. So, I'm hoping that this resistance level holds and that prices will continue to move back down. But, if the market continues to move against my position, I'm placing a mental stop to get out of this trade if prices close above 360.

To take a look at all of my completed trades, please go to www.mylearn2trade.com.

Commodity Update For August 8, 2007-December Coffee May Be Ready

Commodity Update For July 31, 2007-Still Watching December Corn!

I wrote on July 18, that I thought there was a distinct possibility that December Corn could go down to 300. I still think that, and, in fact, December Corn may even test its support level at 280.

Since July 17, December Corn has formed a small channel. The top of the channel is 347 cents. The bottom of the channel is 324.4 cents. Now, also, just below the bottom of this channel there are three support levels. There is some support around the 317 level.There is also support at 300 and support at 280. Now, these three different levels of support offer a good possibility of a profitable trade using multiple options. As of this writing, July 31, the December 300 puts are only 4 cents or $200.00. The trading plan is if December Corn closes below the bottom of the channel at 324.4 cents, then I plan to buy 2 December Corn 300 puts. I plan on selling one of the options when the first target, 317, is hit. Then, I'll plan on holding the other option to see if the market can go all the way down to the 280 support level. This trade has a profit potential of approximately $1000.00. The options expire on November 20 so there is plenty of time for this scenario to play out.

To take a look at all of my completed trades, please go to www.mylearn2trade.com.

Commodity Update For July 30, 2007- Got Out of Sugar Trade!

Well, my October Sugar trade unfortunately, did not last very long, only one week to be exact.
On Friday, July 27, prices broke below support at 10.00 cents and so I decided to go ahead and liquidate my position since this major support level was broken. I liquidated at a price of 17 points. I had gotten in at 30 points so I had a loss of 13 points which equaled to $145.60. One point in sugar equals $11.20. I was figuring that if October Sugar went below the support at 10.00 cents, then, there was a good possibility that prices would decline further. Plus, this option expires on September 14 so the option could also start to decline in value due to time decay.

I still haven't give up on sugar though. I'm now looking at the March 2008 contract. I'll have more details to follow on what I'm looking for on this contract.

For a look at all of my completed trades, please go to http://www.mylearn2trade.com/.

Commodity Update-July 26, 2007 Still Hanging On With The Sugar Trade

Well, so far, it hasn't been a very exciting ride, but at least I'm still in the October Sugar trade. October Sugar has continued to correct some since I bought the option on October 20. But, so far, October Sugar has held support at 10.03, but it hasn't been able to move up and close above previous resistance levels at 10.34 and 10.52. October Sugar will need to close above both these levels before it can move on up to the 11.00 area which is my target. Today, October Sugar closed at 10.22, which was 7 points up from yesterday's close.

For a look at all of my trades, please go to www.mylearn2trade.com.

Commodity Update For July 23, 2007- Open Order In Sugar Filled.

Today, I was finally able to get into the sugar market. As of yesterday, price had moved up as high as 10.52. Today, prices pulled back as low as 10.23, which is near a support level. So, I put in an open order to buy one October 10.50 call at 30 points or less. My open order got filled at 30 points. My expectations are for this market to go to 11.00 and look to liquidate my option at that point.

For a look at all of my trades, please go to www.mylearn2trade.com.

Commodity Update For July 18, 2007-Watching December Corn

I've been watching the December Corn contract for a good while now. I'm still expecting to short this market as I think there is a good possibility that Corn will move down to at least $300.
Since breaking out of its channel and moving all the way up to 431 on June 18, the market has dropped significantly. From June 19 through July 3, this market dropped all the way to 336, which is a move of $4,750. From July 5 through July 13, the market then corrected and moved back up as high as 371. Since then, however, the market has resumed its downtrend, although today, July 18, prices were back up 5.4 cents at the close. It also still looks as if the 336 area is acting as support. So, I'm watching to see if prices can close below 336. If prices do close below 336, then I want to short this market as I believe that the market will then move down to its next support level of 300, which would be a move of $1800 on a contract. Because of the volatility of this market, however, I'm looking at buying a put option instead of a contract. I'm looking at putting in an open order to buy 1 December Corn 310 put for 8 cents or less. This option expires on November 20th which would give a good amount of time for the trade to happen.

To take a look at all of my completed and prospective trades, please go to www.mylearn2trade.com.

Commodity Update For July 17, 2007-Soybean Oil Trade Is A Wild Ride!

All of the markets in the soybean complex seemed to be charging upwards while the rest of the grains seem to be meandering. This seems to be in line with the fundamental news of the shortage of soybean planting this season as so much acreage has been converted to corn planting. Anyway, on the technical front, there was a trade shaping up in September Soybean Oil using the High Lo Breakout strategy. On July 10, Bean Oil closed at 38.09 which was above it's previous high of 38.08 Trend Seeker said the trend was Up and so now I had signals to enter this market. On July 12, I put in an open order to buy 1 contract at 38.10 or lower and I set my initial stop at 37.77. I was filled that day at 38.08. Prices closed on Friday, July 13 at 38.30 which gave me a profit at that point of $132.00

However, my joy at finally having some profit did not last long. Prices gapped way down at the start of trading on Monday, July 16 and so I was stopped out at 37.65 which gave me a loss of $258.00. I was glad though I got out at 37.65 because prices continued to fall the rest of the day, down as low as 37.36 at one point. Today, July 17, prices have continued to fall, at one time as low as 36.91 before closing at 37.23. What a nerve-wracking ride!!!

For a look at all of my completed and prospective trades, please go to www.mylearn2trade.com.

Commodity Update For July 12, 2007-Open Order Filled On September Soybean Oil

I finally had a bit better luck with my trading today as I put in an open order for September Soybean Oil this morning. This was for the Soybean Oil trade that I talked about in yesterday's blog. I put in an open order to go long one contract at a price of 38.10 or lower. My open order got filled at 38.08. I set my initial stop at 37.77. Fortunately, the market closed at 38.21 today which was a gain of 13 points or $78 from my entry point. One point in this market equals six dollars. Again, I'm looking for this market to go to near the 40 cent level.

For a look at all of my trades, please go to http://www.mylearn2trade.com/

Commodity Trading Update July 11, 2007-Stopped Out on Eurodollar Trade

It tuns out that my December 07 Eurodollar trade was a very brief trade. My stop loss got hit this morning. I got stopped out at exactly 69.72. So my loss on this trade before commissions was 5 points or $125.oo. I probably should have had a higher stop loss, but I really didn't want to risk much on this trade.

Looking ahead, it looks as if October 2007 Sugar may be finally getting close to breaking out and closing above the top of the channel that prices have been in for so long. October 2007 Sugar was up 9 cents today and ended up closing today at 9.75. I'm looking for a close above 9.83 as the signal to get long on October Sugar.

The other trade that I am considering is September Soybean Oil. Prices closed yesterday above the previous contract high of 38.08 so that is a signal to go long in this market. Trend Seeker says the trend is up. Looking at the weekly chart, it looks like prices could go as high at 40 so I'm looking at a potential profit of $1140.

To take a look at all of my completed trades, please go to www.mylearn2trade.com.

Commodity Trading Update July 10, 2007- Open Order in December 2007 Eurodollars Filled.

Finally I was able to find a tradeable formation today. So, I put in an open orderto go short one December Eurodollar contract at 94.67. Surprisingly, my open order actually got filled today.
A couple of reasons that I wanted to trade this market. One was that margin is fairly reasonable at $743. Another reason is that the point value in this market is only $25 and usually the dollar amounts of the daily price swings are fairly small, especially compared, say, to the grains.

Eurodollars had formed a channel and moved down to 94.58 on June 12. Prices then moved back to resistance at 94.73 making the fishhook formation. Prices moved down sharply on July 5 closing at 94.65. I wanted to wait for prices to pull back closer to resistance before going short in this market. The Trend Seeker rating is Down. Prices pulled back today, July 10, and I put in an open order to go short one contract at 94.67. I got filled at 94.67. I set my stop loss at 94.71. My initial target for this market is the contract low of 94.40. December Eurodollars closed today at 94.695 giving me a loss at this point of $62.50.

For a look at my completed trades, please go to www.mylearn2trade.com.

Commodity Update For July 9, 2007 - US Dollar Index Nearing Record Lows

The US Dollar Index looks as if it may present a trading opportunity in the near future. The September contract closed today at 81.21. The life of contract low for the September contract is 80.87. If prices can move lower and close below 80.87, then there will be a trigger to enter this trade to the downside. Trend Seeker is already showing a downtrend.

How low will prices go? On the weekly chart, there is a five year low of 80.48. On the monthly chart we can see that the 80 level is a major level of support. So, we could expect prices to drop to 80.

Because of the high margin in this market, I will buy a put option if I decide to trade this market. I'm looking at the September 81 put which closed today at 525 points or $525. This option has 60 days remaining. I would expect that this option would gain in value by approximately $1000 if prices do move down to the 80 level.

To take a look at all of my completed and prospective trades, please to www.mylearn2trade.com.

Commodity Update For July 3, 2007- Soybeans Still A Viable Trade

There wasn't a whole lot of action in the markets today ahead of the July 4 holiday. Most significant of all the prospective trades that I'm watching was the November Soybeans closed down 15.4 cents today which pulled prices below the support level at 893. So, I'll want to go long if prices can break back above support at 893. However, I'm keeping in mind that with today's sizable move down, prices could continue to move lower over the next few trading days and may even close that huge gap that was made on June 29.

To take a look at all of the prospective trades I'm watching, please go to www.mylearn2trade.com.

Have a great July 4th holiday.

Commodity Trading Update For July 2, 2007- Trade Trigger For November Soybeans.

Even with all of the volatility of the last week in the grains, November Soybeans is giving the signals to get long in this market using the Hi-Lo Breakout strategy which occured today, July 2.
Soybeans exploded sharply upward on June 29. Today, prices kept climbing and closed today at 897.6 cents, which is above the previous contract high of 893 which occurred on June 18. So, with the Trend Seeker showing an Up trend, and, now having a close above the previous high, I'll look to go long in this market. I'd like to enter this market as close to the old resistance level of 893 as possible. I have to admit though, that the fact that there's a huge gap under current prices does make me a little nervous.

To take a look at all of my completed trades, please to www.mylearn2trade.com.

Commodity Update- June 29, 2007-A Wild Ride For The Grains

It was really a wild ride in the grain markets today. December wheat was down sharply today, down 22.4 cents which is equal to a move of $1330. On the other hand, November Soybeans were up very sharply, 39.4 cents, which is equal to a move of $1970. September Corn, which I have been watching for a possible trade, was down 10 cents today and finally broke through and closed below that strong 350 level of support. September Corn closed at 340 cents today. I still think this market could very well make a move down to the 300 level, but I would like to see a pull back from today's close of 340 to back near the old support level of 350 before I enter a trade to the downside. So, I'll keep watching this market.

October Sugar closed today still well within the sideways channel that it's been in for the last two months. October Sugar was down 9 points today and closed at 9.52 cents. So, I'll just have to keep waiting for the breakout in October Sugar.

That's it for trading this week. For a look at my actual completed trades, please go to www.mylearn2trade.com. Have a great weekend.

Commodity Trading Update-June 28, 2007

The September Canadian Dollar, which was one of the prospective trades on my radar screen, gapped up and closed well outside the pennant formation that prices have been in the past several weeks. It was a huge move with prices closing up 95 points today which equals a $950 move. However, because of the huge gap up, I'm not going to chase this market and I'll wait and see if this market can come back down and fill the gap.

Another trade which I have put on my radar screen is November 2007 Soybeans. After making a contract high in early June, prices have pulled back under the support level at 845 cents. Trend Seeker says the trend is Neutral, but if Trend Seeker switches to an Up trend and if there is a close in the range of 845 to 850, then I will go long on one contract. There is the potential for a good move here as the upside target is the contract high of 893 made on June 18.

October Sugar closed today at 9.61 cents. I still need a close above the top of the channel at 9.83 cents before going long on a contract.

For a look at all of my prospective trades, please go to www.mylearn2trade.com.

Update For June 27, 2007-Opportunity To Short September Corn

The grains have certainly been volatile markets of late and corn is no exception. But, corn prices have established a downtrend now. Trend Seeker, in fact, confirms a downtrend on the September contract. What's more, September corn looks as if prices are about to break through a major support level at 350. Today, prices on the September contract were down 13.2 cents to settle at 353.6. If prices can close below support at 350, then there would be a trigger to short a contract.

The good news is that if corn prices break this support, then a trader can look to the 300 cent level as the first profit target as this is the next support level. Of course, the bad news is that corn prices are extremely volatile right now and prices can turn around on a dime. Still, I do believe that this trade deserves serious consideration.

For a look at all of my prospective trades, please go to www.mylearn2trade.com.

Commodity Update For June 26, 2007-Oats May Present Another Opportunity

After falling sharply last week, December Oats looks like it's on the rebound this week. Oats dropped until it found support at the 270 cent level. If Oats moves above the next support at 277, then another trade to the upside may be triggered if Trend Seekers rating changes to Up. Right now Trend Seekers' rating is Neutral. Trend Seeker may change over to an Up rating this evening so the trade could be triggered tomorrow.

For a look at all my prospective trades, please go to www.mylearn2trade.com.

Update For June 25, 2007- Still watching For A Possible Trade

With the grains in such disarray, there's not a whole lot of immediate prospective trades on my radar right now. I wrote in Friday's blog about possibly going long on the September Canadian Dollar if prices close outside the pennant. Prices closed well within the pennant today so for now there is no trigger for that market.

I've also been looking a October Sugar for a possible trade for quite a while now. Sugar has been in a sideways channel since April of this year. At times prices for October Sugar have looked like they were going to break out to the downside of the channel. More recently, prices looked like they were going to break out of the top of the channel. Certainly the bottom of the channel is providing very strong support and the top of the channel is providing very strong resistance. On Friday, prices were close to breaking out of the top of the channel only to pull back sharply inside the channel today. My own opinion is that this market is in for a big move if it ever breaks out to the upside of the channel, but for now all I can do is keep watching.

To take a look at my prospective trades and completed trades, please go to www.mylearn2trade.com.

Commodity Update-June 22, 2007-Sharp Decline For The Grains!

Now I'm sure glad that I got out of my corn trade yesterday even if I was stopped out with a $200 loss. (Please see yesterday's blog for details of that trade.) Today, all of the grains, including corn, were down sharply. September Corn was down 18 cents today, September Soybeans were down 21.4 cents, and December Oats were down 5 cents.

So, with the grains dropping so sharply, the grains are now off my radar for immediate prospective trades. I will keep watching them of course.

Right now I have no other trades immediately ready to enter into. The September Canadian Dollar is one of the few possibilities for a trade setting up. If the September Canadian Dollar can close above its pennant formation, then I'll have a trigger to go long. Trend Seeker says the that September Canadian Dollar is in an uptrend.

October Sugar is another trade possibly setting up. October Sugar has been in a long sideways channel since early April. Trend Seeker says the trend for October Sugar is up and a close above the top of the channel will trigger a trade to go long.

So, that's really it for prospective trades. For now, I'm just going to have to keep watching the markets and waiting for opportunities.

Be sure to check on all my trades at www.mylearn2trade.com.

June 21, 2007 Update-Corn Trade Is A Wild Ride!

I finally got into a trade today, at least for a little while until I was stopped out. I had been looking to go long on September Corn if prices could pull back to support at the top of the channel at 394. I had been looking to enter a trade if prices fell back into a range of 399 to 394. Prices fell into that range soon after the open today. I put in an open order to get filled at 399.5 or lower. I ended up getting filled at 398.5. Unfortunately, I got stopped out at 394.5. So, that's a loss on the trade of 4cents or $200. I'll continue to watch this market and get back in if prices remanin in the 399 to 394 range.

To take a look at other markets I'm watching, please go to www. mylearn2trade.com.

Commodity Update - June 20, 2007

It looks like a number of commodities are trying to find direction. It especially looks that way in the grains after such a tremendous day to the downside yesterday. Corn had a mixed day today with the July contract down 1.6 cents whicle the September contract was up .2 cents. September Oats was up 3.6 cents today but really had a wild intraday swing between its high and low of the day. The high of the day was 283.6 cents and the low was 272 cents which is a $580 intraday swing. Since the grains are so volitile right now, I'm just going to watch them for the time being until I can determine a good place to get into either September Corn, December Oats, or September Soybeans. The only grain that really has a tradeable formation right now is September Soybean Oil. September Soybean Oil has formed a pennant formation and a close outside of the pennant will trigger a trade to go long.

For a look at all the prospective trades I'm watching, please go to www.mylearn2trade.com.

Commodity Update-June 19, 2007-Grains Have Large Correction!

All the grains had major corrections today with September Corn being down 20 cents which is a $1,000 move. September Soybeans was down 26.6 cents, December Oats was down 16.2 cents. Of course, I have been waiting for a correction or a pullback in the either December Oats, September Corn, or September Soybeans to find a place where I could enter any of these markets. I may be able to do that assuming that these markets find support tommorrow. For example, if December Oats can hold its decline at support at 278, then I could go long at 282. My immediate profit target would be the December contract high at 295, which would yield a profit of about $650. One thing to keep in mind about Oats is that there is major resistance on both the weekly and monthly charts at 300, so this will be a formidable barrier for prices to rise above.

For a look at all my prospective trades, please go to www.mylearn2trade.com.

Commodity Update:June 18, 2007 - Is Sugar Ready For A Turnaround?

Sugar had a really strong up move today. Sugar was up 58 points to close at 9.56 cents on the October contract which brings sugar back to the top of the channel that it's been in for the last two months. So, if sugar can close above the top top of the channel and the Trend Seeker rating changes to Up, then that would be a signal to enter a long position in sugar. There's a number of resistance levels above the top of the channel. For example, the October chart shows a lot of resistance around the 11 cent level. Sugar will have to break through this level of resistance to have much chance of making significant gains. But, right now, we'll just have to wait and see what sugar is going to do in the near time.

To take a look at all of the prospective trades I'm considering right now, please go to
http://www.mylearn2trade.com.

Commodity Trading Update - June 15, 2007

It's been frustrating lately waiting for the right opportunities to enter the trades I'm watching. The grains I've been watching, such as September Corn and September Soybeans continue to move up. Corn either need to make a new high so I can enter using the Hi-Lo breakout strategy or move back down to support which is the top of the previous channel that corn was in since the first of April.

September Soybeans closed today at 862.6 cents which is above its previous high made yesterday of 852. Now, I would look to get long if prices on Monday pull back close to the 852 area.

Although yesterday in October 2007 Sugar there was a close below the bottom of the channel that sugar has been in, I did not enter a trade today as prices rose back well into the channel. So, I'll continue to watch this market.

To take a look at all of the prospective trades I have on my radar right now, please go to
www.mylearn2trade.com.

June 14, 2007 Commodity Update

September Corn is still continuing its uptrend, up five points today. So, I'm still waiting for a pullback before I enter this market. September Soybeans were up 1.6 cents at 843.6 cents. I'm either wanting a pullback close to the 830 level or a close above the previous high of 850 before entering this market.

October Sugar did give a signal for entry as prices finally closed below the bottom of the channel at 8.81. Trend Seeker is still showing a strong downtrend.

For a look at all of the prospective trades I am looking at, please to www.mylearn2trade.com.

Update For June 13, 2007-Watching Sugar

The October 2007 Sugar contract has been in a long downtrend since July of 2006. I'm looking to short the October contract based on the breakout of the channel that prices have been in since the last of April. I'm needing prices to close below 8.82 which is the bottom of the channel. Prices have moved below 8.82 in the past three trading days, but still have not closed below 8.82. Hence, I don't have a signal to enter the trade. I'm looking for an initial downside target of 8.00, which would yield a profit of 906.00.

For information on other prospective commodity trades that I'm looking at, please go to
www.mylearn2trade.com.

Close To An Entry In September Corn.

September Corn finally closed above the top of the channel that corn prices have been in since the first of April 2007. However, prices closed at 405 and I wanted to buy on a pullback nearer to the top of the channel, which is 395. Today prices did pull back and ended up closing at 402.4. I'm looking to get an entry somewhere between 395 and 399. Maybe I'll have that chance tomorrow.
Trend Seeker is now showing corn in an uptrend with an extreme rating.

For more information on commodities trading and other prospective trades I am looking at, please to www.mylearn2trade.com.

Watching For A Chance To Get Into The Grains.

I'm still patiently watching for a chance to enter at least one of the grain markets. My top prospects right now are corn, soybeans, and soybean oil. Corn has just finally closed above the top to the channel that it has been in since the first of April of 2007. I'm looking at September corn and September corn closed today at 405. If September corn can pull back a little to just above the top of the channel at 395, then I want to go long this market. My first upside target is the contract high of 442 which was set on February 22, 2007. I'm hoping this pullback will occur tomorrow, June 12.