"Margin pressures; How to survive in an over-provisioned environment." - Was the topic/title of a recent grain cash traders' conference. What does that tell you?...
In short, industry insiders do not expect to see daylight (i.e. profits) as far out as 2025! - And that concludes the essence of all that was said during that get-together.
(Try that on for ...
Great opportunities to short wheat at the key 0.618 fib level for a big move down all the way to 4.2820 at the 0.236 fib level. Minimum draw-down with stops placed safely above the summer highs.
Entry: 5.3540 (On the 0.618 fib level)
I've been watching wheat since its big pop in June. I will release a detailed report on the weekend. It seems to me the multi year bear market in wheat is over.
The last 2 months' decline after the big June bounce is not abnormal. We have seen similar things in other vehicles.
The reason I enter today is the Bollinger Band crash signal. I highlighted by green the...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bullish (32 Commodities)
Best regards :)