A few markets either in play. Rice had some sloppy sell OL’s and busted bad to downside the last two day over 100 on a 13 figure, very respectable. Cotton has a live signal on now, up 100 today. Gold also had a tiny buy at the low that held again this week before a $23 rally on N Korea.
Crude blew through my resistance of which OLS#1 had worked well. This is always why we must use stops. If one has a flip mentality this would be powerful as olive violations have shown their power.
Dec Dec crude anyone? Monster rally today.
Feeders remained locked limit down. Let’s see how this Olive sell works but for day 1 after report it was a nice short sell 157.05.
I can’t cover every market but I would for clients that find trades like these. Bean oil hit a macro trendline if anybody plays.
Oil meal spread
Have a nice day,
ARP