Here are a few markets with set-ups taking place that will have my attention through the balance of this week and into next.
Check out these 2 ideas. Now that we have the August WASDE report behind us, I would like to BUY CORN.
I like the UPSIDE in beans here. 2 ways to play this…
Last week I put the spotlight on the Bullish Hammer set-up that took place.
Great job to everyone who has been participating!
The soybean futures had a breakout setup for Tuesday as Friday was an inside day with significant range contraction (Friday’s range was 31% of Thursday). These patterns gave us a heads up to look for a directional move (opens at one end of the range, closes on the other) and potentially a large trading range expansion.
On Thursday, June 30th at 11AM the USDA will release their Planted Acreage and June 1 Stocks reports. John Payne and I recorded our weekly Inside Commodity Futures podcast today and reviewed the reports. You may listed to our analysis here: http://www.danielstrading.com/news/grain-futures/2016/06/28/inside-commodity-futures-usda-june-30th-report-preview At the end of this wire you will find the industry estimates for… Read more.
I put the spotlight on a reversal day in the CORN market on Monday, time to move your stops!
We have seen this formation before…check out this Kansas City Wheat chart!
Now this may not be the top of this leg higher, but if you are wiling to take a shot, this shorter term trade may be for you!
As we channel trade in the July Wheat market, we are near the bottom and I like the idea of getting involved here off this trendline.
July Soybean Oil on the move! For those who are involved in this idea, you may want to consider updating your stops at this point or checking in on any put options you bought.