The Trade Spotlight is still long a Kansas City Wheat futures position and entered into a long 30-Year Treasury Bonds. position.
Kansas City Wheat
The Trade Spotlight entered into a long Kansas City Wheat futures position.
See technical analysis that led to the trade in the May 2019 Kansas City Wheat
Below is a sample of Thursday morning’s This Week in Grain newsletter. Click here to sign up for our free daily grain report email. Hello grain traders, I expect markets to stay right here for most of the day after the early selloff, probably retracing a bit to the upside in wheat ahead of tomorrow’s… Read more.
On Tuesday we got involved in this Formation Finder as the market was breaking above small resistance at the 4.85 level…LETS GO!!!
I believe it is time to turn our attention to a possible bounce off this double bottom.
I am not looking for a homerun on this trade but a single or double would be nice to start a Holiday shortened week!