Tag Archives: Soybeans
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
Grains…Pattern Alert…JJG
Soybeans…$1291(H) is a big mvg avg line. Closing over 1292 is price positive.. Corn…a close over $6.40.6 puts in an ORH Day…a price positive pattern. Wheat…a close over $6.43.6 puts in an ORH day here as well… Confirmation of these … Continue reading
The Plungers are taking early control..
SOX…Just put in a potential double top on the weekly charts. Support looks to be around 42300. USD/JPY..has been running the show all morning, after hitting near term Dollar support all the crosses went into retrace mode. AAPL…has completed a … Continue reading
Grains…Soybeans
The Soybeans are back to my qtrly pivot level from July. 13.95-14.10 is the level… The beans are attempting to put in an outside reversal month to the upside, which would be a Wednesday close over 14.08.. This has been … Continue reading
JJG
I am buying a 50% long position back in the JJG. While I am not particularly enamored with the risk reward profile in the grain futures at this level, I do like the risk profile in the JJG. 51.13 is … Continue reading
Grains…JJG…USD/BRL
The Soybeans pattern shows a double bottom on the weekly charts and will put in an outside reversal week to the upside with a close over 13.52 PIT close, however the big challenge is to close over the closes of … 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 2/17/11
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