Coffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout.
People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.
Coffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout.
People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.
Our Manual Systematic Program is opening short positions in Milk Class III with managed futures.
1st sell stop: 17.5
1st guaranteed trailing stop: 17.8 (0.3% of portfolio)
Take profit: Guaranteed trailing stop
I think the collapse in Cheese futures is being under-covered here. Prices were just cut in half and momentum registered a sub-3 reading on the daily RSI-14. Not something you see every day. No wonder Domino's Pizza is doing so well $DPZ $CSC_F
What is the “real” price of a gallon of milk?
Why are we seeing one of the largest milk companies in the world file a REAL bankruptcies… Whats going on in the foods industry?
For one gallon of milk, (most people) in the United States think of the “national weighted average” price. The price for milk and in “most cities” according to the USDA is $3.50 to...
Fridays move in Class 3 Milk Futures confirm a dowside breakout and potential new downtrend. SMS Strategy enters short at 17.14 with a stop at 17.48. Risk $680.
April Milk formed a bearish Cypher last week. Higher prices were rejected on Thursday. Target maybe the 20 day Moving Average for another rise further up. Pivot at 14.92 would be first target before MA. If it falls through the MA then S1 would be the next available target at 14.55. If we get a rise on MA then we might be moving towards an Elliot Wave upwards....
March Milk looks to be setting up a bear bat to R1 at 14.95. Milk has been in a tail spin downward for a long while and don't see any reprieve just yet. Milk may go to R2 as this would produce a double top. Rise in prices have been due to good sales in Pizzerias for Super Bowl and now for NBA all star week today. Inventories still high for cheese so would expect...
Milk found a bottom two days ago and is now in retracement heading for pivot at 15.32. Hit the 20 day MA and will need to advance past this to achieve pivot. RSI is pushing upwards and trend is up. Believe double bottom needs to be achieved before significant headway can be made. This is still a bearish market.
Dec Milk creating a H&S. Fell today laying out last shoulder. S1 15.93 target for bears. Breaching this and staying under would put Milk target at S2 15.77 and shoulder height coming around S3 15.60 to 15.51. Milk is also under the 20 day MA supporting this outlook.
