Sugar, Feeders liquidations, grain stocks Fri.

Alan Palmer General Commentary Leave a Comment

Technically and from a trading floor perspective this market feels like it is about to roll over after cattle on feed 157.05 sell level, tight stop.  We are now failing at 153.55-ish.

 

Do funds blow longs soon?  Up pattern intact for funds but under last week’s low, look out seems appropriate

Sell the brown trendline, .25c stop or tighter but be ready to roll.

CLEAN CONCISE LEVELS IF YOU WANT TO PLAY. Do not become an olive line victim. These are my suggested buy levels that happened fast. Are you ready? Do you need a babysitter?

Not a lot of noise. Just select levels if you need to play that happen to be where turns take place.

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