David Becker Articles, Page 1

David Becker
David Becker
  • trading best strategies

    Scalping, Swing and Long-Term Trading Strategies: A Complete Guide

    There are many different trading styles, and some of them will fit your trading personality. Each trading style, whether long-term or short-term, will allow you to generate gains if you combine it with a robust risk management strategy. Prior to developing a trading strategy, you should determine if you want

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  • Grains Bounce Slightly Following Last Weeks Drop

    Grain prices are mixed on Monday bouncing near support levels after declining for most of last week. Solid soybean export sales failed to lift soybean prices. Weather reports forecast the onset of spring-like conditions in the central US, that should allow farmers to make up for recent delays in planting

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  • Natural gas daily chart, April 20, 2018

    Natural Gas Rebound Above Resistance

    Natural gas prices rebounded on Friday after dropping on Thursday. Prices recaptured resistance near a downward sloping trend line near the 10-day moving average at 2.71. Momentum is neutral as the MACD (moving average convergence divergence) histogram prints near the zero-index level with a flat trajectory which reflects consolidation.Supply falls

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  • Comex Gold

    Gold Drops as Dollar Gains Traction

    Gold prices moved lower sliding through support near the 10-day moving average which is now seen as resistance near 1,343.  Support is seen near an upward sloping trend line near 1,331. Prices remain rangebound and prices are trading sideways. Momentum has turned negative as the MACD (moving average convergence divergence)

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  • Crude Oil Rebounds Despite Trump Tweet

    Crude fell nearly $1 following Trump tweet saying “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” The tweet comes as Saudi has

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  • U.S. Dollar Index

    The Dollar Gains Traction but Finishes Of Its Highs

    The dollar gained traction as 10-year treasury yields moved above 2.92%, driving up the value of the dollar and weighing on the currency pair.  German wholesale inflation accelerated higher but the dip in the Zew sparked concerns of a decline in German growth.TechnicalsThe EUR/USD moved lower but bounced near support

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  • Grains Move Lower as Dollar Gains Traction

    Grain prices are moving sideways, waiting for an impetus to drive them higher. The dollar has moved higher this week weighing on commodity prices, and despite a robust up move in oil prices, the strength of the greenback has capped grains advance.Corn PricesWeekly corn export sales for the 2017/18 marketing

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  • Natural Gas

    Natural Gas Prices Drop Despite Robust Inventory Draw

    Natural gas prices reversed course on Thursday despite a larger than expected draw from inventories that could have been a function of declines from the base case given its injection season.  Prices dropped below support which is now seen as resistance near the 10-day moving average at 2.704. Target support

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  • Comex Gold

    Gold Trades Sideways as Dollar Weigh on the Yellow Metal

    Gold prices continued to trade sideways, as U.S. yields gained traction on Thursday buoyed the greenback and paving the way for lower gold prices. Prices have been trading in a tight range for nearly all of 2018, with support seen near the 10-day moving average at 1,345, and resistance seen

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  • Crude Oil Reverses Rally After Hitting 40-month High

    Crude posted a new 40-month high of 69.56 before reversing course and settling on the lower of the session. Price gains where initially ignited by ongoing drop in U.S. crude inventories to five-year average levels, and news, from sources that Saudi Arabia is looking for oil prices to rise above

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  • GBP/USD daily chart, April 19, 2018

    The EUR/USD Consolidates as the Range Tightens

    The EUR/USD slipped lower sliding down to support near the 10-day moving average at 1.2345.  The currency pair continue to chop around directionless.  U.S. yields backed up today, despite a weaker than expected jobless claims report and soft Philly Fed Manufacturing.TechnicalsThe EUR/USD is range bound and has been trading sideways

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  • Grain Prices Consolidate but Wheat Begins to Rebound

    Grain prices were mixed on Thursday in early North American trade. Weather had been the main catalyst early in the week for Wheat and then the National Oilseed Processing report for beans on Wednesday. NOPA’s latest crush easily surpassed analyst estimates and became the largest monthly crush on record.  171.858

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  • Natural Gas

    Natural Gas Reverses Generating a Fake Out not a Break Out

    Natural gas prices whipsawed attempting to pressure higher but failing and reversing and closing near the session lows. Prices had attempted to break out above trend line resistance which held firm at 2.79. Support is seen near the 10-day moving average at 2.705. Short-term momentum has turned negative as the

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  • Comex Gold

    Gold Climbs But Cannot Following Silver’s Breakout

    Gold prices moved higher but remain range bound as the dollar was strong capping upside movements in the yellow metal. Silver prices broke out but gold could not following the path of its less expensive precious metal.TechnicalsGold prices moved higher on Wednesday bouncing at support near the 10-day moving average

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  • Crude Oil

    Crude Oil Breaks Out on Bullish EIA Inventory Report

    Crude oil prices broke on Wednesday following a report from the Department of Energy that showed a larger than expected draw in total petroleum inventories. Stocks declined in both crude oil and products, as imports move lower. U.S. domestic crude production continues to rise by the increase barely offset the

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  • EUR/USD daily chart, April 18, 2018

    The EUR/USD Edges Higher but Soft Inflation Caps the Currency Pair

    The EUR/USD moved higher but remains range bound as lower than expected inflation failed to buoy the greenback.  German unfilled orders continue to rise which shows that growth in the EU’s largest economy is strong despite subdued inflation.UK inflation was unexpectedly softer than expected.TechnicalsThe EUR/USD moved higher bouncing off support

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  • Grains Bounce Slightly Following Tuesday Selloff

    Grain prices rebounded slightly on Wednesday in early North American trade. NOPA’s latest crush easily surpassed analyst estimates and became the largest monthly crush on record.  171.858 million bushels were crushed vs analyst estimates of 167.50 million.  Crushing activity was up 11.80% from February and 12.38% more than March of

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  • Natural gas daily chart, April 17, 2018

    Natural Gas Consolidates After Breakout Monday

    Natural gas prices edged lower on Tuesday after breaking out above short-term trend line resistance on Monday. The cold weather that is expected to cover most of the east coast for the next 6-10 days is expected to melt away bringing warm weather.TechnicalsNatural gas prices tests support below the breakout

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  • Comex Gold

    Gold Prices Rebound as Options Traders Bet on Rising Prices

    Gold prices rebounded from session lows following a report that showed large options interest in out of the money calls which helped buoy prices during the North American Trading session. Forty six thousand contracts of the GLD gold ETF were purchased as investors bet the prices would rise by May

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  • Crude Oil daily chart, April 17, 2018

    Crude Oil Rebounds from Support Ahead of EIA Data

    Crude is trading at 66.50 following the close, after topping at 66.75 during the London session. Earlier, modest dollar gains weighed on the contract, though the easing of Mid-east tensions following the allied Syria raid over the weekend has been the main driver. Focus will remain on geopolitics however, with

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