Tag Archives: Corn
A.M. look 5/31/13
30 Yr. Bonds…could extend to 142.16 and reject. TBT…66.30 ish should line up with the 30 Yr. Futures today for first support. Spu’s…(S&P 500)1642 is the weekly closing level we’ve been watching. Weak below and firm above. EUR/JPY…closing under 130.10 … Continue reading
A.M. Look 5/30/13
JJG…as long as this maintains above 51.40 this formation is positive. A close over 53 will lead to a rally towards 54.40. CORN (FUND)…this is a weekly trend line break out above 41.70 going back to last August. CN…(July Corn … Continue reading
Grains & TBT Follow Up…IBM
This is a Soybean and Corn show. There is no break out in the Wheat until it closes over $7. Our 1st tgt’s in the July Soybeans is 14.74 +- a couple. This should line up with 51.50-60 ish in … Continue reading
A.M. Look 4/30/13
Soybeans (K)…$14.884 is monthly resistance. Only sustaining and closing over this level will lead to higher prices. Corn(July)…6.59 is pivotal. 6.74 the next resistance level. Closing over 6.83 will generate new momentum buying. CORN ETF…maintaining above keeps this instrument positive. … Continue reading
A.M. Look 3/22/13
Grains… Wheat…needs all new closing strength over 7.374 for higher Corn…we like to see Corn hold 729 to avoid any lower retests. As seen by looking at the Green mvg avg line, ( 200 day) is temporarily capping the rally. … Continue reading
Grains…JJG
Soybeans…these need recovery back over 1424 on a weekly chart to have put in a convincing low. Corn …is trading at the 200 day. This is trying to break out to the upside, however we still need a couple of … Continue reading
A.M. Look 3/15/13
Euro…130.60 +- 10 pips is resistance. This could squeeze up close to 131 with out breaking out of it’s current formation. GBP/USD…151.00 is the short term pivot for Sterling. 151.66 is next resistance. USD/JPY…is caught between 95.70-75 and 96.50. Sustained … Continue reading
Grains…W/ JJG Trade Alert!
Since eating is always in vogue, we’re looking at the Grains. Soybeans…are doing a 2 yr retrace, with $13.60 our preferred buy zone the first time down. Corn… is doing a a yearly retrace with $6.96 being the 200 day … Continue reading
A.M. Look 10/22/12
Nasd 100…got to our tgt area which was close to the 200 day mvg avg. in the 2650’s, a level we have not seen since July when we were trading around 2515. Resting buy stops are over 2688. Oil…91.50 (Z) … Continue reading
A.M. Look 10/9/12
Nasd 100…2765-68 is first support. 2740 ish is the next significant level. USD/JPY…77.65 app 128.80 futures is resistance in the Yen. EUR/JPY…all new price action under 100.90 will be needed for more Yen strength and Euro weakness. Euro…needs all new … Continue reading