lredsox, I had a position in /ZW (Chicago wheat futures) from
last week and was expecting a bounce into the WASDE report on
Thursday. However, selling yesterday was too strong, and I bailed
out.
I expect a seasonal low into February in grains and up from
there. Farmers ought to sell to pay off their loans, insurance, and
taxes.
CORN: Bounced off Trendline Support A
Posted by flredsox on 10th of Jan 2023 at 11:31 am
CORN: Bounced off Trendline Support
A heads up, I don't know if anyone trades this; but nice bounce off Trendline support Triangle
lredsox, I had a position
Posted by junkie on 10th of Jan 2023 at 11:37 am
lredsox, I had a position in /ZW (Chicago wheat futures) from last week and was expecting a bounce into the WASDE report on Thursday. However, selling yesterday was too strong, and I bailed out.
I expect a seasonal low into February in grains and up from there. Farmers ought to sell to pay off their loans, insurance, and taxes.
Good info, Thanks
Posted by flredsox on 10th of Jan 2023 at 11:37 am
Good info, Thanks