Wheat- lesson. Here in recap up at the top of this chart is two olive lines. The degree of extreme is a good way to define. Trader methodology.
Play these levels and do not look at the winners. Here if you needed to sell wheat you would have heard me say for the past year that some day we would get an olive sell in wheat. Wheat had been the weakest link of grains when beans over wheat went to a record $3.00 almost over in Feb this year to $1.40 UNDER less than six months earlier. Good size one way moves where you lay down long term bets.
also note the SXSX chart, nov nov today up 3.0 cents from yest post. I find these everywhere but patience is key.
OCT HOGS WARNING- OVER 72.50 ANY SHORT BETS WOULD BE OFF. This can be a top but we must respect upside. OLB 64.19 still holding last olive buy, 70.50 last.
Same pattern is cited here that I recognized as a setup earlier in a different commodity. I’m not making it that easy guys. Figure it out of call for directions on how to roll. Green line was long term 1st time sell #.s 3.04. If you need a level you will get that level from me.
now today action
Stop must stand. Market must take you out if you need idea. Your short wheat with $1.10 profit in