Tag Archives: Corn
Midday Missive….Grains…Bonds/TLT…Silver
Futures traders can buy any weakness in the Wheat or Corn against today’s low. THESE ORDERS ARE TRADER’S DISCRETION “DRT” 30 yr. Bonds…a close below 143.01 is needed for an ORL day. The better chart to watch is the TLT. … Continue reading
Grains…Pattern Alert…JJG
Soybeans…$1291(H) is a big mvg avg line. Closing over 1292 is price positive.. Corn…a close over $6.40.6 puts in an ORH Day…a price positive pattern. Wheat…a close over $6.43.6 puts in an ORH day here as well… Confirmation of these … Continue reading
CQG IC Chart…ZCE..Corn Weekly Continuation Globex
$6.18 is a full 1/3 rd re-trace of the bull market that started last June. This is a front month July #. The volume is in SEP. contract which is locked Limit down. I also like the JJG low for … Continue reading
JJG
I am buying a 50% long position back in the JJG. While I am not particularly enamored with the risk reward profile in the grain futures at this level, I do like the risk profile in the JJG. 51.13 is … Continue reading
Grains
We have been stopped out of the remainder of our long term grain positions.(JJG and the Corn ETF)
A.M. Look 6/15/11
EUR/CHF failed to get close to the big short term buy stops yesterday above 123.20 Straight USD/CHF needs all new strength over 85.50 for more Swiss weakness. Translation be wary of selling weakness at these levels in the Euro and … Continue reading
A.M. Look 6/14/11
Yesterday saw us cover almost all current positions. Whether it was our spreads or outright naked positions, we will await further price action to determine our next move. We have a lot of U.S. data coming out over the next couple of … Continue reading
Position Reminders…Stops
Some of you have already sold your REE, if not, be out by the close today. PAAS…We will be out of this long today with a close lower on the day. TBT….Another hedge that is going nowhere. This is about break even..best … Continue reading
A.M. Look 6/13/11
Currency Futures expire this a.m. at 9:15 central, Canada tomorrow. The June contract goes off the board and Sept Futures will lead for the next 3 months. The Aussie should provide the best trading opportunities over the next few days … Continue reading