There has been a lot of talk since the Ukraine - Russia war started that the rising prices in the agricultural sector will cause a new Bear Cycle in the stock market. Commodities have been rising across the globe as a result of an inflation build up in recent years, accelerated by the COVID pandemic, but with agriculturals in particular, the story is a little...
Short Signal Entry LMT - 135.350 TP#1 - 131.600 SL - 138.600 **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future results**
Type : Bearish Reversal Resistance: 778'0 Pivot: 772'6 Support : 762'0 Preferred case: We see the potential for a bearish reversal from our pivot at 772'6 in line with 61.8% Fibonacci retracement towards our 1st support at 762'0 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where...
March comes in like a lion and goes out like a lamb, and April showers bring May flowers. In the northern hemisphere, farmers are now planting the crops that will feed the world after the fall harvest season. Mother Nature is typically the primary determinate of agricultural products as the weather conditions determine if there will be enough supplies to feed the...
When carry out stocks are plentiful and the market structure is more definable, spreads seem easy to manage. In the current domestic and world market structure of strong demand and less supply, it seems that trying to add value to hedges with capturing carry may be more of a risk play. It is wise to manage the risks we know and the risks we can. Carry...
Corn is trading inside a bullish flag on Daily/Weekly charts. I'm looking for either a breakout or buy from the bottom of the flag (in case we see a bounce here rather than a breakout). Targets at 800 and 880. Invalidation - breakout below the flag structure.
Type: Bearish Dip Resistance : 767'0 Pivot: 750'2 Support : 741'0 Preferred case: With price moving above the ichimoku cloud along with the recent trendline breakout, we have a bullish bias that price will rise to our 1st resistance in line with the 767'0 in line with he swing high resistance from our pivot of 750'2 in line with the 23.6% Fibonacci retracement...
Price action mostly in a consolidation or sideways channel between 6.93 and 7.47. Most volume by price in the 7.20-7.30 area. Accumulation ahead of a breakout above, or distribution ahead of a break down below??? Support below at 6.65 with risk identified in the 5.85 to 6.15 area. Using the current high to low retracements, the next primary target above is the...
Price stalled out in the bull trap area between 7.66 and 8.00 after placing the 7.82 high. Bull Trap- Mark a new high and clear out any stop orders above previous highs but fail above in the 113%-127% retracement area. Open interest has been trending lower since last year’s breakout into this bull market. Funds are near record long already but with the...
Type: Bearish Dip Resistance : 754'6 Pivot: 747'0 Support : 733'0 Preferred case: We see the potential bearish dip from our Pivot at 747'0 in line 38.2% Fibonacci retracement towards our 1st support at 733'0 in line with the horizontal swing low support. Our bearish bias is further supported by how price is expected to reverse off the ichimoku cloud...
the March 29 candle created a bearish trap, with a false breakout the close of the day gave a bullish hammer closed above 650 yesterday was confirmation of the Fish Hook bullish signal long entry with only 0.30% the signal is clear, but the figure is late, I would have preferred to see it earlier, and above all it is an isolated small daily pattern not supported...
a sharp close below 650 could confirm the bearish running wedge with Last Gasp (bull trap) on March 23rd. Target would be 590/600
With 21,845 supply i guess a good pump for a daily Inverted H&S. My Risk, My Reward! Cheers
Type : Bullish Bounce Resistance : 756'4 Pivot: 745'2 Support : 738'0 Preferred case: We see the potential for bullish bounce from our Pivot level at 756'4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756'4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported...
Corn future May 2022 - ZCK2022 Break out of the triangle pattern. Uptrend continues Buy at current price 754 Stoploss: 740 Take profit - TP1: 782, TP2: 824.
Type : Bearish Reversal Resistance : 782'2 Pivot: 765'0 Support : 730'0 Preferred case: We see the potential for bearish dip from our Pivot level at 765'0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730'0 in line with 78.6% Fibonacci projection. Alternative scenario: If price continues to go up, it can potentially...
Famine and Food Shortages are the talk over the last month as Russia invades Ukraine. How are we playing this? Where can people look to hedge inflation and war? Here are two simple methods we take a look at to play commodities and agricultural commodities. RJA and RJI by Jim Rogers we believe will continue to rise due to inflation and war. A little fast recently...