TraderPlanet.com :: Commentaries tagged (corn)

Grain Market Analysis

JimWyckoff, TraderPlanet.com — Wed, 08 Feb 2012 12:45:53 +0000

March corn futures closed down 2 cents at $6.42 1/4 yesterday. Prices closed near mid-range yesterday. Losses were limited by bhe key "outside markets" turning bullish for corn yesterday, as the U.S. dollar index weakened and crude oil prices rallied around mid-morning. Corn bulls and bears are on a level near-term technical playing field. Traders are awaiting Thursday morning's USDA world supply and demand report. Corn bulls' next upside price breakout objective is to push and close prices a...

Read More at TraderPlanet.com »

Building on Strength 2/7/11

mbwealth, TraderPlanet.com — Tue, 07 Feb 2012 20:55:37 +0000

Metals, stocks and even foreign currencies continue to build on strength as 2012 has virtually been a one way trade...will this continue?

Crude oil erased the previous week's losses adding 1.9% today but failed to close above $99 in March. I view that level as the pivot point so I remain bearish still. Be willing to cut loses on any shorts if prices trade through that level in the coming sessions. Natural gas continues to bounce around and I would suggest no long or short trades until we get ...

Read More at TraderPlanet.com »

Grain Market Analysis

JimWyckoff, TraderPlanet.com — Wed, 01 Feb 2012 12:44:30 +0000

March corn futures closed up 7 3/4 cents at $6.39 1/2 yesterday. Prices closed nearer the session high yesterday. Corn bulls and bears are back on a level near-term technical playing field. A bullish pennant pattern has formed on the daily bar chart. Corn bulls' next upside price breakout objective is to push and close prices above solid technical resistance at $6.50. The next downside price breakout objective for the bears is pushing and closing prices below psychological support at $6.00. F...

Read More at TraderPlanet.com »

Grain Market Analysis

JimWyckoff, TraderPlanet.com — Tue, 24 Jan 2012 12:38:46 +0000

March corn futures closed up 8 1/2 cents at $6.20 yesterday. Prices closed nearer the session high yesterday and saw more short covering in a bear market. The key "outside markets" were bullish for the corn market yesterday, as the U.S. dollar index was lower and crude oil prices were higher. Some bargain-hunting buying has also occurred recently. And, South American corn-growing regions still need rain. Corn bears do still have the overall near-term technical advantage, but the bulls are gai...

Read More at TraderPlanet.com »

Protected: The Line in the Sand January 23, 2012

mbwealth, TraderPlanet.com — Sun, 22 Jan 2012 17:38:46 +0000

This post is password protected. To view it please enter your password below:

Password:

Read More at TraderPlanet.com »