Soybean Complex: End of Week Wrapup

John Lunney General Commentary Leave a Comment

July Soybeans       Overnight activity saw beans slip under channel support to 912.2 holding up above x wave low of 909.8. This scenario was discussed in yesterdays posting. Choppy advance takes place in front of weather report. Following release market surges through earlier week’s high violating cross zone resistance. Prices continue higher to 945.4 just below fourth wave …

Real Trader- Olive Line. Chart Allocation Live

Alan Palmer Asset Management, Energy, General Commentary, Grains, Stocks Leave a Comment

ASSET ALLOCATION TAKING PLACE HEAVILY NOW commodities and stocks, nasd spreads etc.  Major trades are everywhere.  Long coffee and soybeans have been hit, meats also, stops under of course.  This is Pro Trader talk. You want to be a Pro don’t you? Pick a number on chart if you feel lucky, or call me.  Buy volatility now in AG specific …

Soybean Complex: Recent Technical Developments

John Lunney General Commentary Leave a Comment

July Soybeans      Soybean contract holds channel line support and presses higher to overhead resistance just above 927 before pulling back to close at 915.4. Daily candle establishes high-wave doji formation with current level resting right on channel line. A violation of channel support sniffs out 909.6 x wave low. Holding hear marks what could be a b wave …

Soybean Complex: Wave Structure Analyzed 6/28

John Lunney General Commentary Leave a Comment

July Soybeans     A quiet session today as soybeans post inside bar. A non-impulsive rebound is in progress following beans sell-off last week. First wave peeks at 918 with current close at 914.0. Underlying channel support comes in at just above 911. A hold here establishes another intermediate b wave low of what I observe to be an w-x-y …

Meats hold the OLB once more

Alan Palmer General Commentary, Grains, Livestock Leave a Comment

I am doing a webinar today so please feel free to look for it if your interested in trading, speculating, pricing your meats or grains as all markets in the news will be covered. Raining on LaSalle street in Chicago and beans should be down heavy with the bear traders.  What’s up?  If you need to buy thousands of 5,000 …

Wednesday AM US Grain Weather

walshtrading Weather Leave a Comment

WEDNESDAY AM RADAR – CLICK HERE TO SEE FAST   LOADING RADAR  The morning radar shows numerous showers and thunderstorms across a significant portion of the WCB.  The coverage is about 60 to 70% over central and eastern Iowa and about 60% across all of Minnesota and far southwest Wisconsin.  Storms are easily moved into far northwest Illinois. Additional light to …

Weather Insiders Report

walshtrading Weather Leave a Comment

For the latest Weather Insiders Report from Wix.com, CLICK HERE. This report contains excellent weather data for the July/August timeframe. TODAY, June 28th at 3PM CST, Alan R. Palmer, Strategist – Technical Analyst, will host a special FREE Guest Series – ​Second Quarter Review and Third Quarter Macro Commodity Outlook. He will ​take a look back at the second quarter while also looking …

Dec Cattle- Olive cha-cha

Alan Palmer General Commentary Leave a Comment

Reminder- Signup here free Webinar Wed.s and let’s talk macro pattern extremes and how they add value. https://t.co/VMNZeukwUt (I do not know if anyone likes the charts so speak up if you do).  arp@walshtrading.com 312.957.8248 Major Turns after 10% falling knife price action into qtr.3 17′. Dec cattle- This is what I call the olive cha-cha which happens in stocks, …

Soybean Complex: Wave Structure Analysis 6/27

John Lunney General Commentary Leave a Comment

July Soybeans         Shaven bottom daily candle ( opening sets the low) develops in today’s action. Prices rise thru inner channel line and press higher to 918 before retreating to finish at 911.2 forming what appears to an a-b-c non-impulsive pattern. If today’s high marks the end of a wave then the commencing pullback would need to …