Tag Archives: Grains
A.M.Look 5/21/13
AUD/USD….98.35-40 is resistance and the upside pivot. Buy stops for this swing are 98.80. Those short the Aussie should use a break above the aforementioned level as your trailing stop. GDX…28.75-29.20 is resistance. This is the field of broken dreams … Continue reading
OIL…JJG…VIX W/VIX order adjustment ( Cancel Replace)
OIL…Not getting involved here, but you should know that today is an options expiration day causing the volatility. Grains are trying to pick up led by the Soybeans. 14.36 is near term resistance in the July Beans. I still think … Continue reading
Grain Follow Up
We’re going to be patiently waiting in the Soybeans for a trade to set up. Do not be in a hurry, Grains are still a weather market and the forecast is for great temperatures in the heartland with no rain. … 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
Midday Missive
Wednesday is a Full Moon, which means there should be some big action mid week. Thursday is a major crop report. This is the one that is always a major market mover. For those of you that bought GDX, Keep … 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
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
A.M. Look 3/14/13
AUD/USD…is the feature today. Closing resistance is 103.85-104. AUD/JPY…has reached parity @ 100. This needs to back and fill from this level. the bigger macro resistance level is 101.80-90. EUR/AUD…the mid 124’s will be tough to trade. This looks like … Continue reading
A.M. Look 3/8/13
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
A.M. Look 1/24/13
Nasd 100…2705 becomes the key hold and closing level for the rest of the week. 2728 is today’s resistance. The major lower retrace Fibs & Avg’s come in at 2665-55. AAPL…the 460’s is the first fib from the 2008 low. … Continue reading