March cotton futures (CTH26) present a selling opportunity on more price strength. See on the daily bar chart for March cotton futures that prices are trending lower and are not that far above the recent contract low. Bears have the solid overall near-term technical advantage. More News from Barchart Fundamentally, weak U.S. cotton export sales numbers – including to major cotton importer China – amid changing consumer apparel trends that are favoring synthetic fibers more and more over cotton, are sign ...

Group 1 - The March Australian dollar futures are showing upward price trends and have reached a contract high, indicating a potential buying opportunity [1] - The MACD indicator is in a bullish position, with the MACD line above the red trigger line and both trending higher, suggesting strong near-term technical advantages for bulls [1] - Easier U.S. monetary policy from the Federal Reserve is seen as bullish for the Australian dollar and bearish for the U.S. dollar, benefiting Australia's economy which relies heavily on raw commodity exports [2] Group 2 - A breakout above the contract high resistance level of 0.6729 in the March Aussie dollar would signal a buying opportunity, with an upside price target of 0.6950 or higher [3] - Technical support is identified at 0.6625, where a protective sell stop could be placed [3]

March oats (ZOH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March oats futures that prices are starting to trend up and have hit a three-week high. A bullish V-bottom reversal pattern has developed in the daily bar chart. See, too, at the bottom of the chart that the moving average convergence divergence indicator is in a bullish posture as the MACD line is above the red trigger line and both lines are trending higher. More News from Barchart Fundament ...

March HRW wheat (KEH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March hard red winter wheat futures that prices Tuesday hit a three-week high. See, too, at the bottom of the chart that the moving average convergence divergence indicator has just produced a buy signal as the blue MACD line has crossed above the red trigger line. More News from Barchart Fundamentally, wheat futures are headed for a fifth straight up day today, the longest rally since Ap ...

Group 1 - February live cattle futures are showing a buying opportunity due to recent price strength, with prices reaching a nearly two-month high and trending upward [1] - The USDA cattle-on-feed report indicates that cattle in U.S. feedlots are at historic low levels, while consumer demand for beef remains solid, contributing to a bullish market [2] - A breakout above the chart resistance at $232.325 for February live cattle futures would strengthen bullish sentiment, with an upside price objective of $250.00 or higher, and technical support at $224.00 [3]

March sugar (SBH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March sugar futures that prices have been trading sideways and choppy at lower levels for nearly the past two months. This is likely “basing” action that will kick off a price uptrend at some point soon. More News from Barchart Fundamentally, sugar prices are rising due to supply constraints, including droughts in India and Thailand, stronger global demand and global tariffs that are also cr ...

Core Viewpoint - March Euro currency futures are presenting a buying opportunity due to recent price strength, with prices reaching a 2.5-month high, indicating a bullish trend for the Euro against the U.S. dollar [1]. Group 1: Technical Analysis - The March Euro currency futures have a resistance level at 1.1800; a breakout above this level would empower bullish traders and create a buying opportunity [2]. - The upside price objective for the Euro is set at 1.2050 or higher, while technical support is identified at 1.1700, where protective sell stops should be placed [2]. Group 2: Fundamental Analysis - A lukewarm U.S. economy and recent Federal Reserve interest rate cuts are bearish for the U.S. dollar, which supports a bullish outlook for the Euro [1]. - The European Central Bank's cautious stance on future interest rate cuts is also favorable for the Euro's price [1].

Core Viewpoint - The March Canadian dollar futures are showing a bullish trend, presenting a potential buying opportunity as prices have recently reached a 2.5-month high [1][2]. Group 1: Technical Analysis - The daily bar chart indicates that prices for March Canada dollar futures are trending higher, with the moving average convergence divergence (MACD) indicator in a bullish posture, as the blue MACD line is above the red trigger line and both are trending upwards [1]. - A breakout above the chart resistance at this week's high of 0.7279 would empower bullish sentiment and create a buying opportunity, with an upside price objective of 0.7400 or higher [3]. - Technical support is identified at 0.7225, where a protective sell stop should be placed just below [3]. Group 2: Fundamental Analysis - Recent U.S. economic data has shown improvement, suggesting a sound economy, which is favorable for the Canadian dollar [2]. - The U.S. dollar index ($DXY) is trending down, and lower U.S. interest rates are bearish for the U.S. dollar and bullish for the Canadian dollar, with expectations that the Federal Reserve is likely to cut U.S. rates [2].

Core Viewpoint - February live cattle futures are presenting a buying opportunity due to recent price strength and bullish technical indicators [1][2]. Group 1: Market Trends - February live cattle futures prices are trending higher and have reached a four-week high [1]. - The U.S. cattle herd is currently the smallest in recent history, while consumer demand for beef remains strong, especially with the holiday season approaching [2]. - U.S. stock indexes are near record highs, and an interest rate cut from the Federal Reserve is expected, which could further support cattle futures prices [2]. Group 2: Technical Analysis - A breakout above the resistance level of $229.00 in February live cattle futures would strengthen bullish sentiment and create a buying opportunity [3]. - The upside price objective for cattle futures is projected to be $250.00 or higher, with technical support identified at $220.00 for protective sell stops [3].

March soybean oil (ZLH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March soybean oil futures that prices are trending higher and this week hit a two-month high. See, too, at the bottom of the chart that the moving average convergence divergence indicator is in a bullish posture, as the blue MACD line is above the red trigger line and both lines are trending up. The bean oil bulls have the near-term technical advantage. More News from Barchart Fundamenta ...