I think traders are wondering what type of perspective beans might be in. In case we blast higher next set of levels but even those are small term. Here are a few charts. One wheat where I have olives which are extremes. Others are stocks which have been cautioned in the last week especially. Under 20 days of lows? I just wanted to show you what things look like ahead of time.
See wheat and you should blow the chart up for excellent small detail to see how close these levels play. They have to. It is a US unit of measure. It’s part of the program. I spell out levels at place if you’re looking for a good level, with risk stops of course but these are big in wheat. Let me know if you might be able to use something to sharpen your game from what you use anyway.
Yikes meats are down.I know beans were a tough stop. Corn might be worth buy 1st day, back to 376 are only levels around here, at least we got back down to where we sold it the previous Friday. Notice the high and low of day session but o/n low was below. The olive line, the number that hurts the greatest number of traders.
Grains- everybody out of the pool? Look, if a bearish stick offers up there again high or what?
Cocoa – olive sell hit but over TL it might be algo flip long. For now it is a extreme and pretty close to high and lows, day session. There is a trade in there.
Wheat – Did wheat kiss an olive sell by 1/4c and break 25cents today? Man I wish I could put you in a good one like that. So wheat held 534 two TLs, up to OLS 578, now just getting lower on month. Big range in wheat day trades.
Don’t get taken out of the game at the exact time big trade opportunities happen. Trust me there. You need to be funded. Break hard, expect unexpected. 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