WHEAT, CORN, SOYBEANS e Agricoli in Generale
- Creatore Discussione xinian70
- Data di Inizio
xinian70
CROC Analista
Wheat Futures--- Wheat futures in the December contract are down another $.05 hitting a new yearly low continuing its remarkable bearish slide as prices now have dropped $1.90 in the last 2 months and if you are still short this market I would place my stop at the 10 day high which is at 6.11 which is about $.40 away or $2,000 risk per contract at today’s price levels, however if you are not short this market I would sit on the sidelines as you have missed the boat. Traders are awaiting tomorrow’s crop report with estimates of 1.964 billion bushels which is slightly higher than last month’s estimate as I talk to many farmers throughout the country and they tell me the same thing that their wheat crop is outstanding and they look for lower prices ahead. Wheat futures are trading far below their 20 and 100 day moving average telling you that the trend is lower as this stop will be lowered on a daily basis after tomorrow’s crop report so continue to play this to the downside as the grain market and the whole agricultural market have been collapsing in recent weeks. Wheat prices have fallen for the 4th consecutive trading session breaking the contract low of 5.77 in today’s trade with the next level of support all the way down to about 5.40 a bushel and I think that level will be tested in the next week or so as there is no reason to be bullish wheat at this time. TREND: LOWER –CHART STRUCTURE: EXCELLENT
xinian70
CROC Analista
Corn Futures--- Corn futures in the December contract are trading down $.05 at 3.93 hitting a 4 year low while also trading lower for the 8th consecutive trading sessions as outstanding weather in the Midwest is pressuring prices as traders await tomorrow’s crop report which could show the new crop which is the December contract carryover level exceeding 1.8 billion bushels which is historically extremely high. I’m still recommending investors to stay short this market while placing your stop above the 10 day high which currently stands at 4.47 which is quite a distance away but the chart structure will improve on a daily basis as traders are anticipating 166 bushels per acre in tomorrow’s report as the crop here in Illinois is the greatest crop I’ve ever seen in my entire life as lower prices are ahead as my next target is 3.50 a bushel as there’s just too large of supply and not enough demand for this commodity at the current time. If you’re not currently short this market I would sit on the sidelines and wait for a better chart pattern to develop as prices are extremely oversold and if that report is bearish tomorrow you could see $3.50 like a lightning bolt. . TREND: LOWER –CHART STRUCTURE: AWEFUL
Conte Vlad
Muttley fa qualcosa!
gilles1
Forumer storico
Gi, cambia che mi sono già rotto le palle ....
Ti ricordi nel 2012 quando ci mettemmo short sul Corn da 800 come 2 pazzi?
allora ci abbiamo preso e adesso direi che è giunto il momento di iniziare il duale
e col Lev ci divertiamo molto di più
lunedì faccio il primo ingresso anche sui Soybeans per testare l'idea laterale 1200-1500
se no manca poco ai 1100 e con RSI messa come sta...
