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c-x-1
Veteran Advisor

Nice closes

...across the board - trend changes are occurring by the book.....

 

wheat marked its low first, 6 trade days ago, as I highlighted then...C/B - 4 days later....

 

anybody not sure if major lows are in place?

 

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9 Replies
roarintiger1
Honored Advisor

Re: Nice closes

The bears.        Smiley Wink

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425Cat
Advisor

Re: Nice closes

A gap up tomorrow would confirm. Hit resistance today at 10.80 nov.
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c-x-1
Veteran Advisor

Re: Nice closes

soy starting out evening trade pretty well -- up to 1085 and backing off some = +3

 

need to see 'em take out 7/29 high and test downside gap above that -- over next 5-7 trade days.

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viperkev
Veteran Contributor

Re: Nice closes

Hey c-x-1

I hope you are right as I will be re-establishing my shorts on Nov 2015 beans with a nice retracement upwards.

Kevin

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Shaggy98
Senior Advisor

Re: Nice closes

Since our rains have all but shut off now for nearly a month, lots of people around here will be readjusting their "shorts" as well.

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c-x-1
Veteran Advisor

Re: Nice closes

hey viper,

great to see your post! how you been?

 

around what price range is "a nice retrace upwards" for you in SX15?

 

thanks,

 

iceman Smiley Happy

 

 

 

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farmerguy89
Advisor

Re: Nice closes

This hasnt really been a year for shorts. Kinda cold
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viperkev
Veteran Contributor

Re: Nice closes

Hey iceman Smiley Wink

 

I'm really hoping for an attempt to the gap at $11.30 on Nov 15' but might start at $11.06 in case it doesn't get there and then at at $11.30 and higher if I ever get the chance. I predict $9.00 easy before that month expires. What's your take?

 

Kevin

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c-x-1
Veteran Advisor

Re: Nice closes

Kevin,

 

chartwise, S/D-wise, exports outpacing already, $-flow (COT), etc. I'm seeing higher prices into next spring/summer - as in new contract highs SX15. FWIW.

 

TAKE her easy, man!  

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