September Soybeans Beans can’t get anything going on the upside as they fail to climb above the 935 level spoke of in yesterday’s posting. Contract steadily slides lower throughout session to targeted first tier support target at +/- 920 as they hold up just above at 920.2 to settle at 921.6. Hard to make a case for this …
livestock Report
Live Cattle The October Live Cattle contract tested the 106.00 support level on Tuesday, August 15, 2017, trading down to a new low for the move at 105.75. Support held and Live Cattle rallied from the low. The market closed above resistance (108.675). A rally above the session high (109.575) could lead to a test of resistance at 110.80. A …
Wheat-Recognition NOVNOV followup!
Wheat- lesson. Here in recap up at the top of this chart is two olive lines. The degree of extreme is a good way to define. Trader methodology. Play these levels and do not look at the winners. Here if you needed to sell wheat you would have heard me say for the past year that some day we would …
Coffee meets the Olive, Wheat tuff?
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 …