I’m sorry but lost my page of commentary so you will have to give me a call for any levels, like stocks but coffee is live now to downside after hitting 147 OLS#2 recently, now interday breaking hard and fast. Looking to catch this for a large bounce? We are about here today, 8.15.17. Recap dec coffee hit 120.00 OLB#2 …
Cattle Call: August Live Cattle
August Live Cattle It appears that we are in the late stages of an a-b-c non-impulsive correction commencing from the highs at roughly 128. Any choppy advance will target +/- 110.500 at the (iv) wave retracement measurement level. I’m expecting a price rejection off this level and for a terminating (v) wave decline to unfold. Price target zone …
B wave correction? Focus September Soybeans
September Soybeans The bean market started the week off in the red. Market posted low at 925 in front of intermediate support at +/- 920 and pressed off extreme to finish at 932.6. If the market can rise and hold above 935.4 it should establish its footing. One could argue that the recent lows marked the termination of …
Grains, Hogs, Cattle, Soft technical update’s, Stocks
Stars say-Mercury begins its retrograde motion Saturday evening encouraging us to review and rethink our plans. Use this three-week period to assess what’s working and what’s not and adjust our game plan accordingly. Be vigilant and aware that messages may be garbled and breakdowns could occur, so take extra care operating machinery and in all communications. ——————————————————– This was always …
Grains, Meats, Social Mood, Swamp event?
Psychology is in play as CEO’s of pillpushing companies like Merck speak out but how to your believe the enabler’s? That is what market is sorting out this morning. This is just heating up and is not going to subside. How we trade it is up to you, the trader. Beans Let see, coming from Chicago and the soybean …
Hanging On? Focus September Soybeans
September Soybeans Bean market clinging for life as prices hold at lower end of support zone at 930.2. Contract fights off selling and chops up to close week at 938.2 just off session’s high of 939.4. Doji candle develops in the daily price charts. Market will have to hold above 932 to fend off any more aggressive selling …
CORN, spread, CATTLE spanking Fri look
Just levels tonight. Beans held, holding orange line support, this level held two years ago bean producers. I think we trade bumper crop up here in Chicago. It’s great everywhere. I was always a pit bull until I came to my senses. Levels good for next week, watch them but do not trade off them unless you know what they …
STOCKS- NASD 5970 OLIVE Strikes Tremor ?
I have talked about a top in stocks in August for over 3 months, maybe longer on one of those throw out an idea in Jan Feb. Back then I said you were nutty to sell into all time contract highs, ever. 1st time ever’s are bullish, ask why. Especially option players. Week recap. Dow jones futures of which I …
Livestock Report
Live Cattle The October Live Cattle contract saw follow through to the down side on Thursday, August 10, 2017, as it broke through the107.60 support level and tested support at 106.00. The low for the day is 106.40 and it ended the session at 106.45. If the 106.00 support level is taken out, we could see the 104.85 level tested. …
Rejected! Focus September Soybeans
September Soybeans The September soybean contract opened in cross zone support at 966 before pressing higher to first level target resistance at 981. This area was discussed in yesterday’s post and addressed in the morning audio report. Following USDA release the contract takes it hard on the chin. Prices knife through support cross zone and flush …