For active to semi traders that realize good work of doing homework during these very large macro swing trades. Corn under olive sell huh? Weird.
You’re looking for levels of the day from which to make a call, or bet, speculation with some type of reasonable stop. I think we went up and hit a LT TL as beans are made for selling. I’m sorry for those all sold out but life goes on right? Work out of it. Brazil expects 9 MMT more soybeans, 134 mmt off memory, it’s huge.
What do you think those guys are doing? While they feed people El Nina. ‘Oh Brother’ is all I can say. Sure it might happen, next year and Farmer’s immediate threat, in my opinion, is to get liquid and buy a big break.
It’s really funny with somehow when we do break hard, say 40c+ from my sell USDA climax buying event on a huge $3.00 runup. Then nobody wanted to buy $991 major TL and a few other select levels on my charts.
The idea is it can give courage of where to put a stop under or over. Sell meal bulges, buy bean oil and trade some of these inter-market spreads if you have feel short wheat for exp., buy something else against. These are players where that is all they do. Playing strength weakness momentum. SMZ 364 ish?
Gold is tanking. Anything goes into the election, metals to anything.
Coffee hit some resist, see recent pg4 chart with that soft.
COTTON ALERT. Live, 69.25 today’s high. I have some plays and another olive if you are playing this bull market. Good levels.
We split olives here and can not rule out ols2 up at 70, but here is the Al Palmer tiny NLs necklines. I put some out in grains over the weekend I think. They got taken out Monday. So is this the 7 months imo cotton rally into the election? Always use stops and if they DO NOT, GET YOUR STOP. YOU’RE GETTING PAID.
Like hogs, if only a day with stops over the last few days highs, yesterday that was suggested to those that called. Still good and do hogs break after October goes off? TOL, no comment just color.
Beans bottom pickers use a tight stop today, another 50c break. Man, I missed that from top tick but old traders love that play during bulls markets.
Corn hanging by thread, new low stop but have bids lower at the TLs if bullish.
BOZ two #’s 33.72 and tick off high.
Too much to give time to every single thing moving around. More coverage and more charts on Gold. Hogs, and more on me. What is an olive worth? To the right guy, it’s worth a million. Email Chart Priority available – I welcome anyone that wants to learn, even if not trading silly. That’s even better isn’t it? https://bit.ly/3iE4Tf8