OLIVE LINE WATCH
Arp here,
I am watching for two potential opportunities today. As you know they can come and go fast. The olive line is here as a tool to assist you in your trading,
whatever level trader you may be. There is no crystal ball. Everyone needs good money management skills.
KC WHEAT
I am watching KC WHEAT for a potential buying opportunity.
A few areas worth considering.
526.25, and 525.5
My orange olive line buy is at 526.25, This may be the real deal opportunity. Always use stops.
Long term macro olives in the KC WHEAT. 530,511,and 493. These are todays lines.
It is recommended to keep your working orders in on a scale down basis. The markets have been volatile of late.
CORN
The corn has moved lower with the soy complex.
This may be the falling knife olive extreme opportunity that I talk about.
Potential olive buys in dec corn 357,355,347.5 are my present olive buys. Always trade with a stop.
I am looking for pattern recognition for swing trade opportunities using the olive line.
Typically I find the opportunities dont present themselves for long. My number one rule is money management is key. Always use stops, I want to attempt to keep you in the game for the opportunities.
have a profitable day.
Feel free to give me a call if you have a question or just want to chat markets and see if my work works in your product. What’s to lose?
ARP ALAN PALMER
KC WZ- 526 3/8 was orange support last 2 days. 528 and 530 also important.
Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.
312.957.8248
Alan R. Palmer
Sr. Strategist
Direct: 1 312 957 8248
WALSH TRADING INC.
53 West Jackson Boulevard, Suite 750
Chicago, Illinois 60604
Walsh Trading, Inc. is registered as an Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (WTI) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.