Time to take a cheap shot looking for a bounce
We see a completed five-wave rally within wave iii) on USD Index chart, so current sharp turn down from 90.23 can be a corrective wave iv), with possible support around the 89.57 level.
March options go off the board tomorrow which could keep the market in check.
Corn, soybeans, and wheat all seem to be running out of steam, is the rally over?
Grains start the week on firm footing going into March option expiration.
75 looks interesting
Looking to buy more if...
Looking to buy
Futures, equities, bonds, cryptocurrencies you name it, they all have been volatile over the past few weeks.
Grains are mixed as we get ready for a three day weekend.
Silver (SI | YI) consolidated yesterday after 3 straight days of gains, and is now just shy of the psychologically key 17 whole figure level. The bigger picture is that YI remains within a sideways range...
BEANS IN THEIR TEENS? We have all heard this term many times in the past. But to apply it to the bean market now is difficult to .......
Cocoa (CC) rebounded more than 2% yesterday, bouncing off upchannel support (on the 4hr and daily chart). CC closed just shy of the highs formed in May, June, July and September, and appears well positioned...
Grains are constructive but appear to be running out of steam to get to the next level.
The VIX (VX) consolidated further yesterday and is testing the 38.2% Fib retrace of the rally that peaked last week. Today's US CPI and retail data releases at 830am EST will trigger either a resumption...
Cotton has been consolidating recently as it sets up for the next directional move.