Tag Archives: Corn

A.M. Look 10/5/12

Posted on 10/05/2012

30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading →

A.M. Look 10/4/12

Posted on 10/04/2012

30 yr. Bonds…need to sustain under 149.10 for another point lower. Spu’s…held the qtrly close yesterday and are now in recent mid market awaiting unemployment tomorrow. Euro…has a small double top on the P&F chart @ 129.60 ish, which is … Continue reading →

A.M. Look 10/3/12

Posted on 10/03/2012

Eur/Aud…has been the feature in the currencies. 125.50 is support with resistance coming in +- a few ticks either side of 127, followed by the next big figure of 128. Soybeans…are at their first initial tgt of 15 dollars, however … Continue reading →

A.M. Look 10/2/12

Posted on 10/02/2012

Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading →

A.M. Look 10/1/12

Posted on 10/01/2012

Spu’s…stops are below 1425 and above 1445. Euro…128.23 is the 200 day mvg avg. 127.44 is the next fib support. EUR/JPY…price action under 99.62 is needed to keep pressure on the Euro. General Comments… Use Friday’s closes in everything for … Continue reading →

A.M. Look 9/19/20

Posted on 09/19/2012

Soybeans (X)…closes below 1640 will lead to another swing down. Above 16.70 we’ll see some more strength Wheat…9 dollars will be pivotal. Corn…7.60 will be pivotal. Equity Indices…Futures expire tomorrow. We are in wait and see mode. 30 Yr. Bonds…need … Continue reading →

A.M. Look 9/13/12

Posted on 09/13/2012

Euro…129.95 + a few…131.46-50 GBP…162.37 is the April/May close we broke from. EUR/CHF…which has looked like a heart monitor on a corpse for the past 8 months, is attempting an ORH month with a close over 120.92. Last week was … Continue reading →

A.M. Look 9/6/12

Posted on 09/06/2012

Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading →

A.M. Look 9/5/12

Posted on 09/05/2012

USD/CAD…98.41 represents a double bottom on the Dollar chart. The corresponding futures level is 101.56, with 101.68 being the April high. This is the area that has to sustain above to rally. OIL…came down into initial support last night. Recovery … Continue reading →

A.M. Look 8/30/12

Posted on 08/30/2012

MCP…the action is still in the individual names. Above 10.30, which is now support, you have an ORH week which looks to have a pretty high probability of completion at this point. Up 30+% in two days. The weekly buy … Continue reading →