Tag Archives: Grain Trade
JJG_-_iPath_DJ-UBS_Grains_Subindex_TR_ETN_Daily.gif
Death Cross anybody? 54.83 is where the 50 and 200 day mvg avgs meet. Closing and maintaining above this level is price positive. This seems to be lining up with the 14.60 closing resistance in the March Beans.
JJG…ETN
The grain names have wood. We like this between 48-49, however this ETN has a nasty habit of leaving us at the altar. Closing back above 53 is positive.
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
Single Stocks…Grain Names…Metals
Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … 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
A.M. Look 2/25/11
1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading
Grain Traders
Rice has just printed the 200 day mvg. avg. while cleaning out all the long term stops under 13.33. This is a mandatory hold area in the Rice. Wheat is holding it’s downside price tgt of 7.40 area after another … Continue reading