Cash Bids
Market Data
News
Ag Commentary
Weather
Resources
|
CommodityTrends Weekly Newsletter![]() Grains
Sep Rough Rice made a new 12-month low today. I'll keep watching from the sidelines for a pattern to develop. Dec Soybean Meal developed a new #1 bottom point this week. Keep watching for a 1-2-3 bottom formation to develop. Metals
Oct Platinum has a #1 top point. Keep watching for a 1-2-3 top formation to develop. Currencies
Sep British Pound has developed a 1-2-3 top formation. The break below the July 25 low (on July 28), triggered an entry to the downside. The initial stop loss was placed above the #3 point. The initial target was blue horizontal support level at 1.3174 - which was hit today (August 01). If trading additional positions, consider moving the stop loss to just above today's high. Meats
Oct Live Cattle has produced a #1 top point. Keep watching for a 1-2-3 top formation to develop. Foods/Softs
Oct Sugar #11 has formed a 1-2-3 bottom. The break above the #3 point on July 25 (by one tick) could have triggered an entry to the upside. The initial stop is just below the #3 point. The initial target is the daily 50% level (17.88). On July 25 I wrote. . . "If not yet paper trading this market, consider waiting for a break above today's high to trigger an entry." This occurred on July 29. The stop loss and target can be placed at the same levels mentioned above. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
|
|