Tag Archives: Wheat

Grains & TBT Follow Up…IBM

Posted on 05/17/2013

This is a Soybean and Corn show. There is no break out in the Wheat until it closes over $7. Our 1st tgt’s in the July Soybeans is 14.74 +- a couple. This should line up with 51.50-60 ish in … Continue reading →

A.M. Look 3/22/13

Posted on 03/22/2013

Grains… Wheat…needs all new closing strength over 7.374 for higher Corn…we like to see Corn hold 729 to avoid any lower retests. As seen by looking at the Green mvg avg line, ( 200 day) is temporarily capping the rally. … Continue reading →

Grains…JJG

Posted on 03/19/2013

Soybeans…these need recovery back over 1424 on a weekly chart to have put in a convincing low. Corn …is trading at the 200 day. This is trying to break out to the upside, however we still need a couple of … Continue reading →

A.M. Look 3/15/13

Posted on 03/15/2013

Euro…130.60 +- 10 pips is resistance. This could squeeze up close to 131 with out breaking out of it’s current formation. GBP/USD…151.00 is the short term pivot for Sterling. 151.66 is next resistance. USD/JPY…is caught between 95.70-75 and 96.50. Sustained … Continue reading →

A.M. Look 9/19/20

Posted on 09/19/2012

Soybeans (X)…closes below 1640 will lead to another swing down. Above 16.70 we’ll see some more strength Wheat…9 dollars will be pivotal. Corn…7.60 will be pivotal. Equity Indices…Futures expire tomorrow. We are in wait and see mode. 30 Yr. Bonds…need … Continue reading →

Grains

Posted on 08/10/2012

Wheat..a close below 8.98 puts in an ORL day. CORN…                     8.10 These are key support levels that have to hold to keep the rally intact! Closing below these levels will mean we’ve likely seen the highs for a while.

A.M. Look 7/24/12

Posted on 07/24/2012

ECA…put in an ORH day yesterday. This instrument needs closing action over 21.40 to confirm more up. AAPL…Those of you that bought the July 27 calls early yesterday should now have a free look going into today’s earnings. Spu’s & … Continue reading →

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 2/28/12

Posted on 02/28/2012

Grains…are all following through to the upside, confirming the break out patterns from yesterday. We have chosen to play this via Long JJG ETF. Wheat and Corn look particularly good. Spu’s…and stocks in general should be firm into tomorrow’s LTRO … Continue reading →

Grains…Pattern Alert…JJG

Posted on 02/27/2012

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 →