Tag Archives: Soybeans
JPMorgan_Chase_&_Co_Weekly.gif & Grains
We like the BKX as well as the low today in JPM.. They both have similar patterns. This is a trad able low with a potential weekly double bottom. The stop is 40.55 for those adding risk. Grains… You should … Continue reading
ZSE_-_Soybeans_(Globex)_Daily_Continuation.gif
Soybeans…are putting in an ORL day. 16.02 is the monthly 9/28 closing level for an ORL month. We are in no hurry to get back into the Grains.
A.M. Look 7/19/12
Spu’s…1375..1381.50 is the horizontal resistance. We presently need price action back under 1363 for this to be an interim high. Price action under 1370 is needed for any signs of this directional flow abating. Midcap…closing over 96000 will lead to … Continue reading
A.M. Look 7/16/12
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
The Grains have Blown Off!
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 7/5/12
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