Tag Archives: Grains

A.M. Look 7/23/12

Posted on 07/23/2012

Spu’s…1342 30 Yr. Bonds…153.00+- a few Euro…120.70 EUR/AUD…117.93 is the ORH # EUR/JPY….got within 20 points of it’s projected tgt. Wheat…9.166 is the ORL # General Comments… The #’s above tell one story, it’s the match game. The Bonds are … Continue reading →

A.M. Look 7/20/12

Posted on 07/20/2012

Copper…holding above 346 should be positive the board. Oil…could break back to the high 80’s and it would be meaningless. Spu’s…need sustained action under 1364 for any downside. General Comments… We’ve seen a little profit taking in the Oil and … Continue reading →

A.M. Look 7/18/12

Posted on 07/18/2012

Welcome to the Mid-Week Shuffle… Copper…347 will be a pivotal level for tone on the Risk paradigm General Comments… Euro continues to be the easier short on rallies for the Risk Off crowd. Markets in general are winding up for … Continue reading →

A.M. Look 7/17/12

Posted on 07/17/2012

Oil… 86.60 is support…89 – a couple is a potential double top. Gold & Silver…both need higher for breakouts to the upside. General Comments… Have fun trading Ben’s testimony. I’m not sure why anyone would think the Fed would be … Continue reading →

A.M. Look 7/16/12

Posted on 07/16/2012

Soybeans…(X) Nov. we’re looking for a 16.30 print. Sustaining over 16.50 could lead to another dollar up. Corn…7.55 will be pivotal. Natgas…closing above 2.95 or under 2.70 is needed for a breakout. Cotton…put in an ORH week by closing over … Continue reading →

A.M. Look 7/13/12

Posted on 07/13/2012

Oil…is trading @ the 50 day around 87. Sustaining above can lead to a test of 90. Weekly buy stops are around 89. Spu’s…I need to see a close over the low 1340’s moderately to be positive and a close … Continue reading →

The Grains have Blown Off!

Posted on 07/11/2012

There could be one more wiggle back up next week, however today’s price actions shows this should be it for a while.                                    

A.M. Look 7/11/12

Posted on 07/11/2012

Welcome to the Mid-Week Shuffle… Oil…83.00 +- 10 ticks is a key Fib level which we failed to reach yesterday. The oil never acted as bad as the Equity indices yesterday. 85.20 ish looks to be the top of value … Continue reading →

A.M. Look 7/10/12

Posted on 07/10/2012

Spu’s…1338…1357…1381…Pick a # and pick a side. Oil… is setting up to break this range. This will be a price action trade based off the Risk paradigm of the entire mkt. General Comments… Trade what you see. Model Trading Portfolio … Continue reading →

A.M. Look 7/9/12

Posted on 07/09/2012

Gold…is in an 80 dollar range. Traders of this metal should be aware of the Eur/Gold spread. EURO…The Fibs on the Point & Figure chart are for the life of EUR/USD, not the extrapolated old D-Mark. 30 yr. Bonds…Friday saw … Continue reading →