Tag Archives: Grains
Grains…Crude
There is another week of trading in the March contracts. Those that have positions should roll to (K) May or (N) July. July would give you more time and alleviate the necessity to roll again..(selling your longs in the March … Continue reading
A.M. Look 3/3/11
Stock Bears…The 1319-21 level will be an important resistance level today. Sustained price action above and we’ll continue higher. It will still be a day of having an eye on the oil action and we would expect the inverse correlation … Continue reading
A.M. Look 2/23/11
Euro…137.45 is the last high we broke from. This level will now act as an upside pivot for a possible another 100 points. Eur/Jpy is still the firm cross with short term tgt’s another 4 figures up. For those tgt’s to be … Continue reading
A.M. Look 2/22/11
This a.m. we’ll step into Bullwinkle’s “WAY BACK MACHINE”. The last time we had this type of unrest in the Mideast oil spiked over $40/bbl from the teens in 1990. By comparison this was a negligible blip. The last thing … Continue reading
A.M. Look 2/17/11
USD/CAD is running some short term stops under 98.30. Copper has just completed a 50 % move back on the year. We have an outside reversal day put in Tuesday with a possible outside reversal week with a close under 44810. This … Continue reading
A.M. Look 2/8/11
It will be a day traders kind of day. Price action below 1314 on the Spu P&F shows a little more weakness in the Index. Price action over 1320… the P&F’s show more strength. All the action is in the … Continue reading
Price Action
You’ve got some pretty interesting mid-week extremes going on. The present flows can maintain direction into no man’s land, after London’s close and thru New York’s lunch time. Then we’ll see if the U.S. buys the stocks back up later … Continue reading
A.M. Look 1/13/11
EUR/CHF has been the feature last night as it has been running the Euro for the past week. How big of a correction will this turn into? There could be 2 more figures in this cross or 10 depending upon … Continue reading