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Grain Commodity Futures Trading And Technical Analysis

March 16, 2009
 

Archive for December, 2006

Wednesday Update

Thursday, December 28th, 2006

The grains seem to have started back down today, I am still bearish, but I would be cautious. Corn has me a little worried so I would watch it and see if it starts to move down, which would be a good sign.
Wheat did jump up off support last week like I thought, but wheat [...]

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Weekend Update

Monday, December 25th, 2006

I assumed there would be some volatility in the market but by the indicators, it appears that the move up in the grains last week could just be a correction in the move down, but I would keep my stops very close. If the grains decide to continue the move up I would get out [...]

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Weekend Update

Sunday, December 17th, 2006

The grains traded somewhat sideways last week, but most of the indicators are making me think the downtrend will resume soon. The indicators for oats seem a little different though. I can’t see why they wouldn’t follow the downtrend, but I would keep a close eye on them.
March Chicago wheat closed at 494.2
March corn closed [...]

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Weekend Update

Monday, December 11th, 2006

The grains made a good drop last week, and should continue. There may be some volatility though. Wheat may bounce back up a little from support, and oats have been bouncing off support for some time. I would expect to see a break to the downside soon, but always keep your stops in place.
Wheat led [...]

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Monday Update

Tuesday, December 5th, 2006

The grains dropped pretty hard today just as I expected. It may be a little bumpy but I think the trend should be down now. I’m not so sure about Rough Rice yet. I will let you know soon though.
March Chicago wheat closed today at 518, down 2.6 ¢
March corn closed today at 375.4, down [...]

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