Olive Line – Currency, Meats, Grains

Alan Palmer Currencies, Grains, Livestock Leave a Comment

ARP HERE,

There continues to be chaos around the globe due to uncertainty regarding the currency relationships. There has been much movement in the currency pairs over the last 6 months.

CURRENCY

The dollar 95.55 nl(neckline) rejected.
This could be a possible top in my opinion.

MEATS

It is one of my thoughts. Don’t be afraid to fade public opinion.
lh(dec),lc(dec) Yesterdays lows were at a neckline on my charts.
The cattle chart looks good in my opinion. 111dec was a small olb olive line buy

GRAINS

I suggest buying kc wheat into the USDA report next week. As stated The Olive Line is giving a buy signal.
Please use stops
Corn – In my opinion corn under 360 is cheap.
I recommend coverage for the user of corn (buy)
The stock levels in the feedgrains may have topped.
This is a friendly input in my opinion.
soybeans – nov soy pivot 851,841,
The olive line buy for beans was 858(nov) use stops

My closing thought. Keep it simple and don’t be greedy

look for situations,make trades,use stops,and always cut losses quickly.

ARP alan palmer
Phone: 312.957.8248 or 888.391.7894
Email: arp@walshtrading.com

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