Ags takedown

Today was not a good day to be long, coffee, sugar, soybeans or corn, or a few other ag commodities. Perhaps the start of a short term correction again in commodities? Fortunately I was not in the market – especially coffee which I was dubious about anyway – this sold off 5% and was down [...]

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Food security

Looking around for more trading opportunities, there is an obvious one waiting on the sidelines which is meat futures!  This is not an area I have ever traded, however, even a cursory look at the monthly charts for Feeder cattle and Lean hogs shows up a clear trading opportunity when / if price breaks through [...]

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Corn position

Sell order was activated on Friday at the asked for price, £64 in profit (64 points). Early in session tested over 750, but poor finish does not bode well for Monday (for the long side). Looking at the chart – break of trendline and on monthly, this month bar is largest in years – could [...]

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Upside downsize

Today I have two charts which I am pondering, the first Soybean daily is shaping up to be a tradable opportunity, it may touch the top bollinger band at 1393 before turning sharply lower (this will be my bet) alternatively if it goes through 1400 the bet is off, a good low risk high potential [...]

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