Some important levels in Charts. No burning desire in stocks, NASD is the bad boy for host of reasons, spreads? Blood in Streets-? See WSJ front page that goes with what I have said about old establishment,” they ain’t leaving and will have to be pulled out by head of hair. USA and Venezuela. Hamburg? Trump beating a CNN reporter. …
Soybean Complex: Mid-week Structural Breakdown
July Soybeans Soybeans opened higher today right at previously mentioned upper channel resistance at 979.0. Mild shadow high just above 981 holds. A tight range develops with easing to 964 before rising to close higher on session at 973.2. The contract has hit its objective defined in last weeks posting following a close above 960.0. Beneath +/- 975 …
Soybeans $9.06, Grains explode higher, flipper areas Corn.
Good Morning Farmers and Traders, Dec corn 404.5 a sell level for old crop longs. Recap here- Aug Soybeans had OLB 1st time down of $9.06 so hit&filled are the olive algo’s players. Given out for a month early. The algo that hurts the most …. Its so funny how the crowd thought beans sub $9.00 and sold in …
Soybean Complex: End of Week Wrapup
July Soybeans Overnight activity saw beans slip under channel support to 912.2 holding up above x wave low of 909.8. This scenario was discussed in yesterdays posting. Choppy advance takes place in front of weather report. Following release market surges through earlier week’s high violating cross zone resistance. Prices continue higher to 945.4 just below fourth wave …
Real Trader- Olive Line. Chart Allocation Live
ASSET ALLOCATION TAKING PLACE HEAVILY NOW commodities and stocks, nasd spreads etc. Major trades are everywhere. Long coffee and soybeans have been hit, meats also, stops under of course. This is Pro Trader talk. You want to be a Pro don’t you? Pick a number on chart if you feel lucky, or call me. Buy volatility now in AG specific …
Soybean Complex: Recent Technical Developments
July Soybeans Soybean contract holds channel line support and presses higher to overhead resistance just above 927 before pulling back to close at 915.4. Daily candle establishes high-wave doji formation with current level resting right on channel line. A violation of channel support sniffs out 909.6 x wave low. Holding hear marks what could be a b wave …
Grains- Summer lows behind us, Wheat up $1.00
Good morning, Late chart adds. If it interests you then let me know. [email protected] Dec Coffee was a near close olive buy now up $375 * 10 cent move. Buy Inflation now. Beans and coffee have bottomed and could now provide summer play to upside, 9.06 Aug beans, Sept coffee 122, 119, 117 115 all support, hit and filled, stay …
Soybean Complex: Wave Structure Analyzed 6/28
July Soybeans A quiet session today as soybeans post inside bar. A non-impulsive rebound is in progress following beans sell-off last week. First wave peeks at 918 with current close at 914.0. Underlying channel support comes in at just above 911. A hold here establishes another intermediate b wave low of what I observe to be an w-x-y …
Meats hold the OLB once more
I am doing a webinar today so please feel free to look for it if your interested in trading, speculating, pricing your meats or grains as all markets in the news will be covered. Raining on LaSalle street in Chicago and beans should be down heavy with the bear traders. What’s up? If you need to buy thousands of 5,000 …
Wednesday AM US Grain Weather
WEDNESDAY AM RADAR – CLICK HERE TO SEE FAST LOADING RADAR The morning radar shows numerous showers and thunderstorms across a significant portion of the WCB. The coverage is about 60 to 70% over central and eastern Iowa and about 60% across all of Minnesota and far southwest Wisconsin. Storms are easily moved into far northwest Illinois. Additional light to …