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Grain Commodity Futures Trading And Technical Analysis

June 15, 2010
 

Grain Commodity Futures Market Analysis

The grain futures held last week and it appears that support could hold. Prices could move somewhat sideways but watch and make sure that prices do hold at support and keep your stops close if you are agressive and try to catch an upward move.

Chicago wheat futures bounced up some but need to move up some more to break the channel. Make sure wheat does hold at support if it moves down some.

Corn futures could trade somewhat sideways too but are indicating support.

Oat futures are indicating a possible move up too, just keep your stops close.

Soybean futures should be watched closely and see if they hold at support too. Keeps your stops close.

March chicago wheat futures closed Friday at 561.2¢

March corn futures closed Friday at 365.6¢

March oat futures closed Friday at 217.0¢

January soybean futures closed Friday at 883.0¢

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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