Wow, it’s been longer than I thought since I made my last post. I apologize, but time flies when your busy. I had to take a couple of trips and I have been pretty tied up. I am working on my ebook though. I should have a release date soon for anyone who wants to learn my trading techniques. I’ll probably offer a discount for the first couple of weeks so I can get some testimonials back so watch for the date pretty soon.

On to the markets.

Chicago wheat futures have been in a downtrend for the last month. The month before that it made a couple bounces up but eventually broke support and headed down. Wheat is trading near a longer term support level now and the indicators are high so it looks good for a move up soon.

Corn futures are similar but traded sideways a little longer. Corn broke down two weeks ago and started back up last week. The indicators are up so hopefully corn with keep going.

Oat futures are at support and should move up too.

Soybean futures made a good rally before heading back down over this last month or so. The indicators are up so soybeans will likely make another rally.

I was predicting rice to break up and it did make a good rally. Rice seems to be stalling so we’ll have to watch it to see where it goes from here. You may want to cover long positions or at least watch them close.

Always keep your stops placed.

December Chicago wheat futures closed Friday at 467.2¢

December corn futures closed Friday at 319.6¢

December oat futures closed Friday at 208.0¢

November soybean futures closed Friday at 903.0¢

December rough rice futures closed Friday at 13.520¢

grains,trading,commodities,futures,investing,finance
Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions

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