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
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Commodity |
Long Term Trend |
Reversal Date |
Trend Reverses |
| *April Hogs turned up on 2/17 |
UP |
Feb 24 |
Below $85.52 |
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| *March Japanese Yen turned down 2/17 |
DOWN |
Feb 24 |
Above 1.3247 |
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CONTINUING |
TRENDS |
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GRAINS |
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| 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 |
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CATTLE & HOGS |
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| March Feeder Cattle |
up |
Feb 24 |
Below $145.70 |
| **April Cattle (early warning) |
Down |
Feb 24 |
Above $126.25 |
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METALS |
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| March Copper |
up |
Feb 24 |
Below $3.342 |
| March Silver |
up |
Feb 24 |
Below $32.306 |
| April Gold |
up |
Feb 24 |
Below $1599.90 |
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SOFTS |
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| March Coffee |
down |
Feb 24 |
Above $250.95 |
| March Cocoa |
down |
Feb 24 |
Above 2450 |
| March Sugar |
up |
Feb 24 |
Below 2234 |
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ENERGIES |
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| **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 |
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E-MINI S&P |
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| March E-Mini S&P |
up |
Feb 24 |
Below 1211 |
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CURRENCIES |
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| 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 |
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SPREADS |
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| Long July Corn/short Dec Corn |
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Feb 24 |
Below 50 ½ CN |
| Long Nov S’beans/Short Dec 12 Corn |
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Feb 24 |
Below $6.02 ½ SX |
| Long May Corn/Short May Wheat |
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Feb 24 |
Above 54 ½ WK |
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| Long Nov S’beans/Short Dec Cotton |
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Feb 24 |
Above $90.01 |
| **Long Nov S’beans/Short July S’beans (early warning) |
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Feb 24 |
Above 11SN |
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| Long July Hogs/Short April Hogs |
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Feb 24 |
Above -587 |
| Long Oct Hogs/Short June Hogs |
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Feb 24 |
below -1170 |
| Long April Cattle/Short April Hogs |
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Feb 24 |
Below 3632 |
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