Tuesday 26th FOMC Meeting
Wed.27th FOMC Meeting
We are in a down trend and yes are oversold.
Looking for a bounce BUT here are some key numbers:
Sept corn 557 Dec. corn 542.50
Aug. Beans 1341.75 Nov. Beans 1274
Sept Wht 738.25 Dec. Wht 743.75
Resistance numbers imho
Dec. Corn 600-610.50 and 200 day ma. 620.50
Nov. Beans 1360 and 20 day ma 1376 and 200 day ma 1381.50
Markets do sometimes give ya a 2nd chance . Hedge percentage or buy puts if we reach res. numbers. Be pro-active
2) US Dollar
3) Russia/Ukraine ports open to ship
4) Funds/more risk off??
Next weekend there won’t be a weekend comments.
Leaving with the family this Thursday and won’t be back until Monday night.
Can follow me on twitter scott capinegro
call with any questions
Branch Office HighGround trading