GOOD DAY
ARP HERE
LIVESTOCK
fcX- The olive line fri sold off late back to the olive line sell. 158.37 Important?
Olive line sells in the Lc above at 124, Call to discuss how to trade the ols
lc- The market is over the olive line sell
I am attempting a bullish thought into year end in the lc.
117.40 dec seems to be violating upside now.
This could send markets into a overdrive scenario to the upside if follow through happens. Olive violation.
I am olive line friendly the LC into year end.
hogs- dec 5440 has support, 5377,5341,5316 are all olive line support
GRAINS
wheat- dec 506 olb holding,friendly scenario
kc wheat- 512.5 510-511.5 all olb, they should offer opportunity,use stops
SOYBEAN- HEDGE QUAGMIRE- HEDGE ON NOV SX
BASIS IS VERY WHEAK. tHE MARKET CAN HAVE A TENDENCY TO FORCE PEOPLE OUT AT EXTREMES.
STAY TUNED FOR RECOMMENDATIONS.
I attempt to take the noise out of your opinion making process. Let the Olive line assist you.
ARP
Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.
Alan R. Palmer
Sr. Strategist
Direct: 1 312 957 8248
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