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Veteran Contributor
llakmf
Posts: 84
Registered: ‎05-13-2010
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bean chart c-x-1

Hi c-x-1. Have you seen the nov bean contraact chart. Interpation please. Busy busy, so will not see this till late tonight.

Advisor
c-x-1
Posts: 3,136
Registered: ‎06-26-2012
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Re: bean chart c-x-1

[ Edited ]

llakmf,

 

Novie beans seem to have cleared 1225 resistance today --in a solid uptrend with weather premium target of 1400-1450.

 

ALSO, i've heard this pattern referrred to as a spike and ledge by swing traders.

 

thanks,

c-x-1

 

ScreenShot001.gif 

 

 

Veteran Contributor
llakmf
Posts: 84
Registered: ‎05-13-2010
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Re: bean chart c-x-1

Thanks c-x-1. To me, the chart looks impresive. I believe your numbers look attainable. Maybe somebody knows something about our long growing season still to come.

Advisor
c-x-1
Posts: 3,136
Registered: ‎06-26-2012
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Re: bean chart c-x-1

[ Edited ]

you're welcome llakmf. here's a wider angle shot of Novie continuation...so you can see 1400 would simply be fillin' gap.

 

ScreenShot001.gif

 

 

Veteran Contributor
llakmf
Posts: 84
Registered: ‎05-13-2010
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Re: bean chart c-x-1

By the looks of that chart the death of the bean bull looks a bit premature. I am not comfortable about the weather. As the chart sujest will probably know within 30 days, Thanks again for your work. And to think I use to spend big bucks for that kind or work.

Senior Contributor
425Cat
Posts: 1,504
Registered: ‎05-14-2010
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Re: bean chart c-x-1

CX1 ,What is showing up on the nearby contracts July, market getting overbought but if shes is for real it can be orverbought for awhile

Advisor
c-x-1
Posts: 3,136
Registered: ‎06-26-2012
0

Re: bean chart c-x-1

[ Edited ]

cat, July is w/in 20-40 cents of possible resistance. i'll put up a chart in a few hrs.

 

thx

 

pretty much an uptrend, ey?

 

[Save Chart]