Grains are higher today. Soft red wheat (Chicago wheat) is
posting a key reversal today. I expect this push higher to fail
eventually, and a lower low to be posted. Today's low undercut the
previous low, and a reversal happened overnight.
Edit: moving averages are pointing lower, so rallies should be
sold.
On Chicago wheat, I would expect a path similar to that of
December of last year leading towards the ultimate low. Screenshots
from Dec 2022 and May 2023 are attached.
ha I like that you actively look for trades in those markets
that are not widely traded. I used to look at all those back in the
day when I had my AMP futures account - back in the day they
used to give you real time access to every futures market indexes,
energy, metals, grains, bonds, you name it, but then the exchanges
came down on the brokers giving real time data away and now it
costs for each of those markets - I don't have access to them
without paying for them, which I'm not going to be doing
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Grains are higher today. Soft
Posted by junkie on 23rd of May 2023 at 10:11 am
Grains are higher today. Soft red wheat (Chicago wheat) is posting a key reversal today. I expect this push higher to fail eventually, and a lower low to be posted. Today's low undercut the previous low, and a reversal happened overnight.
Edit: moving averages are pointing lower, so rallies should be sold.
On Chicago wheat, I would
Posted by junkie on 23rd of May 2023 at 11:25 am
On Chicago wheat, I would expect a path similar to that of December of last year leading towards the ultimate low. Screenshots from Dec 2022 and May 2023 are attached.
Junkie Thanks for the WEAT
Posted by rbreese on 23rd of May 2023 at 11:29 am
Junkie Thanks for the WEAT LOOK.
Symmetry to the upside was
Posted by junkie on 23rd of May 2023 at 11:48 am
Symmetry to the upside was broken today. 622 on the front month contract is the key resistance before moving higher.
ha I like that you
Posted by matt on 23rd of May 2023 at 10:23 am
ha I like that you actively look for trades in those markets that are not widely traded. I used to look at all those back in the day when I had my AMP futures account - back in the day they used to give you real time access to every futures market indexes, energy, metals, grains, bonds, you name it, but then the exchanges came down on the brokers giving real time data away and now it costs for each of those markets - I don't have access to them without paying for them, which I'm not going to be doing