Tag Archives: Grains

A.M.Look 7/6/12

Spu’s…The chart pattern does not look great with an ORL day on the all session chart. Sustained price action below 1356.50 ( the qtrly close) can lead to a descent sell off into the 1330’s where buyers should be found. … Continue reading

A.M. Look 7/5/12

USD/JPY…79.20 ( 126.40 Futures)….80.10 ( App 125 Futures) is the trading range. Monitor these levels for a breakout. 30 yr Bonds…are in a 2 point trading range. leave the stops as is in the TBT. We’ve seen where the Bonds … Continue reading

A.M. Look 7/3/12

Oil…as long as 82 holds on the breaks we’ll see the upper tgt’s of 88-90. Look to the names to play. Sugar…as long as 21.04 holds this is going higher. Buy the breaks against this level. Soybeans…look for the Nov. … Continue reading

A.M. Look 7/2/12

Full Moon Trading…. July Soybeans…expire today. November (X) is now the most active future. Spu’s…need all new closing price action over 1362 for more upside. AUD/JPY…82.50 is a significant resistance level in this cross. Resting stops are just above 83.30. … Continue reading

A.M. Look 6/29/12

DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading

Gold & Silver…JJG

1545 is near term support in the Gold. The macro failure level is around 1525. Silver has elected the macro stops under 26.20. As long as there is no significant recovery over 26.50 this can go to 24.40. JJG…we’ll start … Continue reading

Corn…Monthly Continuation Chart

JJG | GRAINS | Charts

In recent publications we’ve advocated a bullish stance. Please see our article at Seeking Alphs: Utilizing the JJG to Catch the Next Bull Run in Grains 50.50 seems to be a big zone in the JJG the first time up. … Continue reading

JJG | DJ-UBS Grains Subindex TR ETN Daily

We’re close to the top of the recent trading range for the JJG… A close over 47.94 puts in an ORH day 48.40 is the monthly ORH level

A.M. Look 6/20/12

Welcome to the mid-week shuffle Yesterday saw us get filled on some more AUD/USD shorts @ 102 The current board is still Risk On. The most I’m looking for is a break in the Spu’s to the low to mid … Continue reading