Olive Line Signals

Alan Palmer General Commentary, Grains Leave a Comment

ARP here

I offer the olive line as a tool to assist in your trading rules.

If you have a interest in telling me where you lost, I can assist by sending some historical charts.

You need to use strict money management rules, the olive line can assist with this.

It is always risky, but that’s why we play the game, I recommend using a stop.

You will need to have an eye for charts, but I offer extremes.

 

INTEREST RATES

notes olb(buy) 118.11

bonds olb(buy) hit 139.23  new low then up

30 yr yield 3.24 ish  needs to hold these levels or higher rates,lower bonds,use stops.

GRAINS

Corn  In my opinion there is enough capital available that a large trader could buy the whole crop.

I believe it would not be prudent for funds to push shorts below 3.50. I think we will see large specs look to build a long position at these levels.

The futures and cash are cheap in my opinion as we enter a potentially inflationary environment.

ol levels 343 347 353 were buys. Upside resistance 360,there now then 375.

BEANS  ASK YOURSELF WHAT IS THE HARD TRADE. 850-843 ARE BIG MACRO OLIVE LINE LEVELS. aLGO PIVOT NUMBERS.

The meal 316, 319 upside targets.

The bean oil 27.31 was the olb, then a reasonable 4% bounce.

LIVESTOCK

Hogs  macro levels are live, call for specifics today

fc  buy levels are below the market

lc  dec cattle 140 is this possible,I say expect the unexpected. Use stops.

In closing, Chart reading is an art form. I see diamond olive line patterns at extremes. I offer this as a tool for you regardless the level of trader.

There are no guarantees in life, no crystal ball in trading, just hard work. I used these tools on the floor. Let me see if I can assist you.

ARP

Phone: 312.957.8248 or 888.391.7894
Email: arp@walshtrading.com

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.
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. 

Phone: 312.957.8248 or 888.391.7894
Email: arp@walshtrading.com

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.
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. 

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