IFG TRENDS AND REVERSALS FOR WEEK OF 2012-02-19

 

INTERNATIONAL FUTURES GROUP

 

IFG

 

TRENDS AND REVERSALS

 

2012-02-19

For the past 17 years we have relied on our in-house long-term model to help us in identifying the long-term underlying trends, and projecting the weekly closing prices needed to reverse those trends.  By being able to project the weekly closes needed to reverse the underlying trends, we feel we are then able to gauge the strength of the current trend.  Like all models, ours is not perfect or always correct but we find that it provides us with valuable information and helps in formulating our trading strategy.  The following is a discussion of what our model indicated for a few selected commodities.  If you are interested in other commodities feel free to contact us at lee@ifgfutures.com but be advised a working phone number is required.

Our trends change on Friday weekly closes, unless the weekly close is on Thursday. 

WORD TO THE WISE

Past performance is not indicative of future results.  The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time.  This information was compiled from sources believed to be reliable but accuracy cannot be and is not guaranteed.  There is no warranty, expressed or implied, in regards to this information for any particular purpose.  There is SIGNIFICANT RISK involved in trading futures and or options on futures and may not be suitable for all investors.  Investors should consider these RISKS   and evaluate their suitability based on their financial conditions.  No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL.  This information is provided freely and is NOT in the capacity of a trading advisor.  NO LIABILITY on the part of the author exists for any trading loss you may incur in the

use of this information.  Information provided is not to be construed as an offer to sell or solicitation to buy any commodity or security named herein.

 

*LATEST TREND CHANGES OCCURING ON FEBRUARY 17, 2010

Commodity

Long Term Trend

Reversal Date

Trend Reverses

*April Hogs turned up on 2/17

UP

Feb 24

Below $85.52

 

 

 

 
*March Japanese Yen turned down 2/17

DOWN

Feb 24

Above 1.3247
 

 

 

 

 

CONTINUING

TRENDS

 

 

 

 

GRAINS

 

July   Soybeans

up

Feb 24

Below   $11.92
November   Soybeans

up

Feb 24

Below   $11.50 ½
July   Corn

up

Feb 24

Below   $5.98 ½
December   Corn

up

Feb 24

Below   $5.48
May   Wheat

up

Feb 24

Below   $6.03 ½
March   Soybean Meal

up

Feb 24

Below   $283.50
March   Soybean Oil

down

Feb 24

Above   .5234
 

 
 

 
 

CATTLE   & HOGS

 
March   Feeder Cattle

up

Feb 24

Below   $145.70
**April Cattle (early warning)

Down

Feb 24

Above $126.25
 

 
 

METALS

 
March   Copper

up

Feb 24

Below   $3.342
March   Silver

up

Feb 24

Below   $32.306
April   Gold

up

Feb 24

Below   $1599.90
 

 
 

SOFTS

 
March   Coffee

down

Feb 24

Above   $250.95
March   Cocoa

down

Feb 24

Above   2450
March   Sugar

up

Feb 24

Below   2234

 

ENERGIES

 
**May Crude Oil (early warning)

down

Feb 24

Above $101.33
May   Nat Gas

down

Feb 24

Above   $3.308
May   Reform Gas

up

Feb 24

Below   $2.6385
May   Heating Oil

up

Feb 24

Below   $2.7807

 

 

E-MINI   S&P

 
March   E-Mini S&P

up

Feb 24

Below   1211
 

 
                                        

CURRENCIES

 

 
March   Aussie Dollar

up

Feb 24

Below   9858
March   British Pound

up

Feb 24

Below   1.5184
March   Canadian Dollar

up

Feb 24

Below   .9612
**March Euro Currency (early warning)

down

Feb 24

Above 1.3083
March   Swiss Franc

up

Feb 24

Below   1.0691
March   U.S. Dollar

down

Feb 24

Above   80.999
 

 

 

SPREADS

 

 
Long   July Corn/short Dec Corn

Feb 24

Below   50 ½ CN
Long   Nov S’beans/Short Dec 12 Corn

Feb 24

Below   $6.02 ½ SX
Long   May Corn/Short May Wheat

Feb 24

Above   54 ½ WK
 

 
Long   Nov S’beans/Short Dec Cotton

Feb 24

Above   $90.01
**Long Nov S’beans/Short July S’beans (early   warning)

 

Feb   24

Above 11SN   
 

 
Long   July Hogs/Short April Hogs

Feb 24

Above   -587
Long   Oct Hogs/Short June Hogs

Feb 24

below   -1170
Long   April Cattle/Short April  Hogs

Feb 24

Below   3632