March Soymeal seeing trendline resistance coming into play here…
Upcoming support in the Soymeal?
As we start to see a hooking pattern develop in this market, I like the idea of buying this market here. The risk will be just under last week’s low to see if we get the bounce we are looking for.
Happy webinar Wednesday! Time to ring the mid-week bell!!!
Come join me this afternoon at 2:00p (cst) if you can for an hour of chart break-downs and trade idea recaps:
CHART WATCH! http://www.danielstrading.com/webinar/chart-watch-with-the-cullen-outlook/
Well, I dont want to sound like a broken record but we are right back to those prices or better after a quick retracement in both of those markets. PLUS, there are 2 other markets that have gotten my attention over the past few days.
If you were thinking that a CHART WATCH! webinar today would be a good idea…then we are on the same page!
Sign up for this afternoon’s webinar and join us if you can:
CHART WATCH! Chart Reviews and Markets To Watch with The Cullen Outlook
Fast and furious this morning. Short, sweet and to the point. There are more SOFT markets below than usual, but that is only a coincidence. These are the best charts and formations that I am looking at right now and they happen to be in the SOFTS.
2015…here we come!
I want to welcome all of you who have just begun following along as the New Year starts.
For everyone who has been with me for awhile, welcome back!
March soybeans closed lower yesterday and down 19 1/2 cents from the early highs. Traders also noted good farmer selling of soybeans on the morning rally.
After the grain markets traded lower overnight due to the Brazilian election and a great weekend for harvest, soymeal is leading the market higher by those who need supplies now.