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RSS By: Jim Wyckoff, Pro Farmer

Pro Farmer technical analyst Jim Wyckoff's daily thoughts.

Jim's Afternoon Markets Report--August 2

Aug 03, 2012

Thursday Evening, August 2-Jim Wyckoff's Daily Markets
Update

Questions? Just email me at jim@jimwyckoff.com . I enjoy
hearing from my readers worldwide.--Jim

Click below for "Today’s Hot Market" item on my website.

http://www.jimwyckoff.com/hotmarket/hotmarket.asp

Dear Valued Subscriber: Following are today's significant
developments in the U.S. futures markets.

*. LIVESTOCK: October live cattle closed up $1.07 at
$125.15 today. Prices closed near the session high today
and scored a bullish “outside day” up on the daily bar
chart. Recent gains are a clue the cattle market has put in
a near-term low. Cattle futures bulls and bears are on a
level near-term technical playing field. The bulls' next
upside price breakout objective is to push and close prices
above solid technical resistance at this week’s high of
$126.45. The next downside technical breakout objective for
the bears is pushing and closing prices below solid
technical support at last week’s low of $122.15. First
resistance is seen at $125.55 and then at $126.00. First
support is seen at $124.50 and then at $124.00. Wyckoff's
Market Rating: 5.0

October feeder cattle closed down $0.37 at $142.00 today.
Prices closed near the session low today in quiet trading.
Feeders appear to be “basing” at lower price levels, which
could mean a market low is in place. Feeder cattle bears
still have the overall near-term technical advantage. The
next upside price breakout objective for the feeder bulls
is to push and close prices above solid technical
resistance at $144.00. The next downside price breakout
objective for the bears is to push and close prices below
solid technical support at the contract low of $138.30.
First resistance is seen at $142.80 and then at this week’s
high of $143.25. First support is seen at $141.70 and then
at $141.30. Wyckoff's Market Rating: 3.0

October lean hogs closed down $1.32 at $78.40 today. Prices
closed nearer the session low today. The key “outside
markets” were in a bearish posture for hogs today, as the
U.S. dollar index was higher and crude oil prices were
lower. Bears have regained solid downside near-term
technical momentum. The next upside price breakout
objective for the hog bulls is to push and close prices
above solid chart resistance at $81.00. The next downside
price breakout objective for the bears is pushing prices
below solid technical support at the contract low of
$77.55. First resistance is seen at $79.00 and then at
today’s high of $79.35. First support is seen at today’s
low of $78.20 and then at $77.55. Wyckoff's Market Rating:
1.5

*. GRAINS: In late trading, December corn futures were up 1
cent at $8.01 1/2 today. Prices were nearer the session
high. While there are some better chances for rain in the
parched Corn Belt in the coming days, that potentially
bearish news was offset by a big USDA export sale of corn
to Mexico today. The key “outside markets” were in a
bearish posture for corn today, as the U.S. dollar index
was higher and crude oil prices were lower. The corn bulls
still have the solid overall near-term technical advantage
as a steep uptrend is in place from the June low. Remember,
however, that a major bull market needs fresh fundamental
inputs, often, to digest. Corn bulls' next upside price
objective is to push and close prices above psychological
resistance at $8.50. The next downside price breakout
objective for the bears is pushing and closing prices below
solid technical support at $7.45 1/2. First resistance for
December corn is seen at today’s high of $8.08 1/4 and then
at $8.16 3/4. First support is seen at $7.90 and then at
this week’s low of $7.81 1/4. Wyckoff's Market Rating: 9.0

In late-afternoon trading, November soybeans were down 6
1/4 cents at $16.22 1/2 a bushel today. Prices were near
mid-range. The key “outside markets” were in a bearish
posture for beans today, as the U.S. dollar index was
higher and crude oil prices were lower. Some more profit
taking was seen in soybeans today amid a bit wetter
forecasts for the Corn Belt in the coming days—but by no
means a drought-breaker. Soybeans are taking over the lead
from the corn market the bull market run in the grains.
Soybean bulls have the solid near-term technical advantage.
The next near-term upside technical breakout objective for
the soybean bulls is pushing and closing November prices
above psychological resistance at $17.00 a bushel. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at $15.75.
First resistance is seen at today’s high of $16.45 3/4 and
then at this week’s high of $16.63 1/4. First support is
seen at $16.00 and then at today’s low of $15.95. Wyckoff's
Market Rating: 8.5.

In late trading, December soybean meal was down $2.30 at
$492.50 today. Prices were nearer the session high. Meal
bulls still have the solid overall near-term technical
advantage. The next upside price breakout objective for the
bulls is to produce a close above solid technical
resistance at the contract high of $509.80. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at
$454.30. First resistance comes in at $500.00 and then at
this week’s high of $503.60. First support is seen at
$488.00 and then at $485.00. Wyckoff's Market Rating: 8.5

In late trading, December bean oil was down 20 points at
52.36 cents today. Prices were nearer the session low and
hit a fresh five-week low today. The key “outside markets”
were in a bearish posture for bean oil today, as the U.S.
dollar index was higher and crude oil prices were lower.
Bean oil bulls and bears are on a level near-term technical
playing field. The next upside price breakout objective for
the bean oil bulls is pushing and closing prices above
solid technical resistance at 55.00 cents. Bean oil bears'
next downside technical price breakout objective is pushing
and closing prices below solid technical support at last
week’s low of 52.08 cents. First resistance is seen at
52.50 cents and then at 53.00 cents. First support is seen
at today’s low of 51.92 cents and then at 51.50 cents.
Wyckoff's Market Rating: 5.0

In late trading, December Chicago SRW wheat was down 3 1/3
cents at $8.90 1/4 today. Prices were near mid-range today
and saw more profit taking from recent gains. The key
“outside markets” were in a bearish posture for wheat
today, as the U.S. dollar index was higher and crude oil
prices were lower. The wheat market is still closely
following corn and soybeans. Wheat bulls still have the
solid near-term technical advantage. However, this is also
a very mature bull market run. Wheat bulls’ next upside
breakout objective is to push and close Chicago SRW prices
above solid technical resistance at the contract high of
$9.77 1/2 a bushel. The next downside price breakout
objective for the wheat futures bears is pushing and
closing prices below solid technical support at $8.64 1/4.
First resistance is seen at today’s high of $9.04 and then
at $9.15. First support lies at today’s low of $8.70 and
then at $8.64 1/4. Wyckoff's Market Rating: 7.5.

In late trading, December K.C. HRW wheat was down 1 cent at
$9.04 1/2 today. Prices were nearer the session high and
saw more mild profit taking. Bulls still have the solid
overall near-term technical advantage. However, the bull
market run is very mature. Bulls' next upside price
breakout objective is pushing and closing prices above
solid technical resistance at the contract high of $9.92
3/4. The bears' next downside breakout objective is pushing
and closing prices below solid technical support at $8.74.
First resistance is seen at today’s high of $9.15 and then
at $9.21. First support is seen at today’s low of $8.84 1/4
and then at $8.74. Wyckoff's Market Rating: 7.5

In late trading, December oats were up 1 cent at $3.73
today. Prices were nearer the session high. Oats bulls
still have the overall near-term technical advantage.
Bears' next downside price breakout objective is pushing
and closing prices below solid technical support at $3.57
3/4. Bulls' next upside price breakout objective is pushing
and closing prices above major psychological resistance at
$4.00. First support lies at $3.68 3/4 and then at $3.65.
First resistance is seen at today’s high of $3.75 and then
at $3.80. Wyckoff's Market Rating: 7.5

*. SOFTS: October sugar closed down 61 points at 21.95
cents today. Prices closed near the session low today and
hit a fresh four-week low. The key “outside markets” were in
a bearish posture for sugar today, as the U.S. dollar index
was higher and crude oil prices were lower. Bulls are
fading and are now back on a level near-term technical
playing field with the bears. Bulls' next upside price
breakout objective is to push and close prices above solid
technical resistance at this week’s high of 23.00 cents.
Bears' next downside price breakout objective is to push
and close prices below solid technical support at 21.65
cents. First resistance is seen at 22.25 cents and then at
today’s high of 22.56 cents. First support is seen at
today’s low of 21.95 cents and then at 21.75 cents.
Wyckoff's Market Rating: 5.0.

September coffee closed down 300 points at 171.60 cents.
Prices closed nearer the session low today and closed at a
fresh four-week low close. The key “outside markets” were
in a bearish posture for coffee today, as the U.S. dollar
index was higher and crude oil prices were lower. Bears
have the overall near-term technical advantage. The coffee
bulls' next upside breakout objective is to close prices
above solid technical resistance at 180.00 cents. The next
downside price breakout objective for the bears is closing
prices below solid technical support at 170.00 cents a
pound. First resistance is seen at 172.50 cents and then at
today’s high of 175.35 cents. First support is seen at this
week’s low of 170.60 cents and then at 170.00 cents.
Wyckoff's Market Rating: 3.5

September cocoa closed down $36 at $2,365 a ton. Prices
closed nearer the session low today on profit taking.
Prices Wednesday hit a four-month high. The key “outside
markets” were in a bearish posture for cocoa today, as the
U.S. dollar index was higher and crude oil prices were
lower. Cocoa bulls have the overall near-term technical
advantage. The next upside price breakout objective for the
cocoa bulls is to push and close prices above solid
technical resistance at the March high of $2,455. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at $2,250.
First resistance is seen at $2,387 and then at this week’s
high of $2,409. First support is seen at today’s low of
$2,357 and then at $2,335. Wyckoff's Market Rating: 6.0

December cotton closed up 41 points at 70.97 cents today.
Prices closed nearer the session high today in quieter
trading. Choppy and sideways trading action continues. The
cotton bears still have the overall near-term technical
advantage. However, this market still may be “basing” at
lower price levels, which means a market low could be in
place. The next upside price breakout objective for the
bulls is to produce a close above solid technical
resistance at the June high of 74.80 cents. The next
downside price breakout objective for the cotton bears is
to push and close prices below solid technical support at
67.16 cents. First resistance is seen at 72.00 cents and
then at 72.50 cents. First support is seen at today’s low
of 70.21 cents and then at the July low of 69.40 cents.
Wyckoff's Market Rating: 3.0

September orange juice closed up 280 points at $1.1045
today. Prices closed near mid-range today and saw short
covering in a bear market. Bears still have the overall
near-term technical advantage. The next upside price
breakout objective for the FCOJ bulls is pushing and
closing prices above technical resistance at this week’s
high of $1.1675. The next downside technical breakout
objective for the FCOJ bears is to produce a close below
solid technical support at the May low of $1.0000. First
resistance is seen at $1.1265 and then at $1.1500. First
support is seen at today’s low of $1.0730 and then at this
week’s low of $1.0515. Wyckoff's Market Rating: 3.0.

September lumber futures closed up $4.20 at $286.40 today.
Prices closed near the session high today. Bulls and bears
are on a level near-term technical playing field. The next
downside technical breakout objective for the lumber bears
is pushing and closing prices below solid technical support
at $277.50. The next upside price breakout objective for
the bulls is pushing and closing prices above solid
technical resistance at last week’s high of $296.70. First
resistance is seen at $288.00 and then at $290.00. First
support is seen at today’s low of $283.80 and then at this
week’s low of $280.00. Wyckoff's Market Rating: 5.0

*. METALS: December gold futures closed down $16.20 an
ounce at $1,591.10 today. Prices closed nearer the session
low today amid bearish “outside markets”—higher U.S. dollar
index and lower crude oil prices, and on a lack of fresh
monetary stimulus coming out of today’s European Central
Bank meeting. The gold market bears now have the slight
near-term technical advantage as the bulls have faded the
past few trading sessions. The gold bulls’ next upside
price breakout objective is to produce a close above solid
technical resistance at the June high of $1,646.40. Bears'
next near-term downside price objective is closing prices
below solid technical support at the July low of $1,559.50.
First resistance is seen at $1,600.00 and then at today’s
high of $1,618.80. First support is seen at today’s low of
$1,586.30 and then at $1,575.00. Wyckoff’s Market Rating:
4.5

September silver futures closed down $0.56 an ounce at
$26.975 today. Prices closed nearer the session low today.
The key “outside markets” were bearish for silver today, as
the U.S. dollar index was higher and crude oil prices were
lower. Silver bears have the overall near-term technical
advantage and have regained some downside momentum. Bulls’
next upside price breakout objective is closing prices
above solid technical resistance at the July high of
$28.445 an ounce. The next downside price breakout
objective for the bears is closing prices below solid
technical support at the July low of $26.425. First
resistance is seen at $27.50 and then at today’s high of
$27.78. Next support is seen at today’s low of $26.88 and
then at $26.425. Wyckoff's Market Rating: 3.0.

September N.Y. copper closed down 805 points 329.45 cents
today. Prices closed near the session low again today and
hit a fresh five-week low. Copper bears have the near-term
technical advantage and gained more downside momentum
today. Copper bulls' next upside breakout objective is
pushing and closing prices above solid technical resistance
at this week’s high of 345.70 cents. The next downside
price breakout objective for the bears is closing prices
below solid technical support at the June low of 325.00
cents. First resistance is seen at 333.20 cents and then at 
335.00 cents. First support is seen at today’s low of
328.85 cents and then at 325.00 cents. Wyckoff's Market
Rating: 3.5.

*. ENERGIES: September crude oil closed down $1.79 a barrel
at $87.12 today. Prices closed nearer the session low
today, hit a fresh three-week low and scored a bearish
“outside day” down on the daily bar chart. Crude oil bulls
and bears are now back on a level near-term technical
playing field. The next near-term upside price breakout
objective for the crude oil bulls is producing a close
above solid technical resistance at the July high of $93.25
a barrel. The next near-term downside price breakout
objective for the crude oil bears is to produce a close
below solid technical support at $86.00. First resistance
is seen at $88.00 and then at $89.00. First support is seen
at today’s low of $86.92 and then at $86.00. Wyckoff's
Market Rating: 5.0

September heating oil closed down 166 points at $2.8422
today. Prices closed nearer the session low today. Bulls
have the slight overall near-term technical advantage but
need to show more power soon. Prices are still in a five-
week-old uptrend on the daily bar chart, but just barely.
The bulls' next upside price breakout objective is closing
prices above solid technical resistance at $3.0000. Bears'
next downside price breakout objective is producing a close
below solid technical support at $2.7500. First resistance
lies at $2.8750 and then at this week’s high of $2.8974.
First support is seen at this week’s low of $2.8262 and
then at last week’s low of $2.7917. Wyckoff's Market
Rating: 5.5.

September (RBOB) unleaded gasoline closed up 297 points at
$2.8641 today. Prices closed near mid-range today and hit a
fresh three-month high. Bulls have the overall near-term
technical advantage. Prices are in a five-week-old uptrend
on the daily bar chart. The next upside price breakout
objective for the bulls is closing prices above solid
technical resistance at $2.9250. Bears' next downside price
breakout objective is closing prices below solid support at
last week’s low of $2.6551. First resistance is seen at
today’s high of $2.8934 and then at $2.9000. First support
is seen at $2.8500 and then at today’s low of $2.8300.
Wyckoff's Market Rating: 6.0.

September natural gas closed down 25.3 cents at $2.918
today. Prices closed near the session low today on heavy
profit taking. Bulls faded today. Bulls still have the
slight near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid technical resistance at the July high of $3.277. The
next downside price breakout objective for the bears is
closing prices below solid technical support at the July
low of $2.706. First resistance is seen at $2.95 and then
at $3.00. First support is seen at today’s low of $2.912
and then at $2.85. Wyckoff's Market Rating: 5.5.

*.STOCKS, FINANCIALS, CURRENCIES: The September Euro
currency closed down 57 points at 1.2187 today. Prices
closed nearer the session low today and scored another big
and bearish “outside day” down on the daily bar chart. The
Euro bears have the solid overall near-term technical
advantage. Euro bulls' next upside price breakout objective
is pushing and closing prices above solid technical
resistance at 1.2500. The next downside price breakout
objective for the bears is closing prices below solid chart
support at the July low of 1.2051. First resistance for the
Euro lies at 1.2250 and then at 1.2300. Next support is
seen at today’s low of 1.2140 and then at 1.2100. Wyckoff's
Market Rating: 2.0

The September Japanese yen closed up 26 points at 1.2785
today. Prices closed nearer the session high today. Bulls
have the overall near-term technical advantage. Prices are
in a five-week-old uptrend on the daily bar chart. Bulls'
next upside price breakout objective is closing prices
above solid resistance at the June high of 1.2895. Bears'
next downside breakout objective is closing prices below
solid technical support at 1.2600. First resistance is seen
at last week’s high of 1.2854 and then at the June high of
1.2895. First support is seen at this week’s low of 1.2737
and then at 1.2700. Wyckoff's Market Rating: 6.5.

The September Swiss franc closed down 53 points at 1.0143
today. Prices closed nearer the session low today and
scored another big and bearish “outside day” down on the
daily bar chart. The bears have the solid overall near-term
technical advantage in the Swissy. The next upside price
breakout objective for the bulls is closing prices above
solid resistance at 1.0400. The next downside price
breakout objective for the bears is closing prices below
solid technical support at last week’s low of 1.0040. First
resistance is seen at 1.0200 and then at 1.0250. First
support is seen at today’s low of 1.0112 and then at
1.0040. Wyckoff's Market Rating: 1.5.

The September Australian dollar closed down 11 points at
1.0411 today. Prices closed nearer the session low today
after hitting another fresh five-month high early on.
Prices also scored a mildly bearish “outside day” down on
the daily bar chart today. Profit taking was featured today
and bulls still have the solid overall near-term technical
advantage. Bulls' next upside price breakout objective is
closing prices above solid chart resistance at the March
high of 1.0557. The next downside breakout objective for
the bears is to produce a close below solid technical
support at last week’s low of 1.0125. First resistance is
seen at 1.0497 and then at today’s high of 1.0541. Next
support is seen at today’s low of 1.0396 and then at
1.0336. Wyckoff's Market Rating: 7.0

The September Canadian dollar closed down 35 points at
.9912 today. Prices closed near the session low today and
scored a bearish “outside day” down on the daily bar chart
after hitting a fresh 2.5-month high early on. Profit
taking was featured. Bulls still have the near-term
technical advantage. Bulls' next upside price breakout
objective is producing a close above chart resistance at
1.0000. The next downside price breakout objective for the
bears is closing prices below solid technical support at
last week’s low of .9761. First resistance is seen at
today’s high of .9989 and then at 1.0000. First support is
seen at today’s low of .9910 and then at .9900. Wyckoff's
Market Rating: 7.0.

The September British pound closed down 50 points at 1.5501
today. Prices closed nearer the session low again today.
Bulls and bears are on a level near-term technical playing
field and confined to a well-defined trading range.
The next upside price breakout objective for the bulls is
closing prices above solid technical resistance at the June
high of 1.5773. Bears' next downside technical breakout
objective is closing prices below solid support at last
week’s low of 1.5456. First resistance is seen at 1.5600
and then at today’s high of 1.5681. First support is seen
at today’s low of 1.5488 and then at 1.5456. Wyckoff's
Market Rating: 5.0.

The September U.S. dollar index closed up 26 points at
83.44 today. Prices closed nearer the session high today
and scored a big and bullish “outside day” up on the daily
bar chart. Greenback bulls have the solid overall near-term
technical advantage. Bulls' next upside price breakout
objective is to close prices above solid technical
resistance at the July high of 84.24. The next downside
price breakout objective for the bears is to produce a
close below solid technical support at the June low of
81.39. Next resistance lies at today’s high of 83.61 and
then at 83.85. First support is seen at 83.00 and then at
82.54. Wyckoff's Market Rating: 7.5.

September U.S. T-Bonds closed up 1 7/32 at 151 16/32 today.
Prices closed nearer the session high today and scored a
bullish “outside day” up on the daily bar chart today.
Bulls have the solid overall near-term technical advantage.
Prices are still in a four-month-old uptrend on the daily
bar chart. The next downside price breakout objective for
the T-Bond bears is closing prices below solid technical
support at 148 even. The next upside technical objective
for the bulls is to produce a close above solid technical
resistance at last week’s contract high of 153 11/32. First
resistance is seen at today’s high of 152 4/32 and then at
152 16/32. First support is seen at 151 even and then at
150 16/32. Wyckoff's Market Rating: 8.0.

September U.S. T Notes closed up 15.5 (32nds) at 134.20.5
today. Prices closed nearer the session high today and
scored a bullish “outside day” up on the daily bar chart.
Bulls have the solid overall near-term technical advantage.
The next upside price breakout objective for the bulls is
closing prices above solid resistance at last week’s
contract high of 135.15.5. The next downside price breakout
objective for the bears is producing a close below solid
technical support at 133.00.0. First resistance is seen at
today’s high of 134.29.5 and then at 135.10.5. First
support is seen at 134.16.0 and then at 134.05.0. Wyckoff's
Market Rating: 8.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
weaker again today as the bulls are fading a bit again. The
European Central Bank did not lower its key interest rates
at its meeting Thursday, nor did it announce any specific
plans to initiate a fresh round of quantitative easing of
monetary policy. While most did not expect the ECB to cut
rates, many did think the central bank would implement a
fresh, significant monetary stimulus plan. When that did
not occur most commodity and stock markets felt selling
pressure. ECB President Mario Draghi at his ECB press
conference following Thursday's meeting refrained from
announcing a fresh monetary stimulus plan for the European
Union. However, Draghi did hint that such a plan is coming
down the pike. Most commodity and stock market bulls were
disappointed that no specific plans were announced by the
ECB, or by the U.S. Federal Reserve after its FOMC meeting
Wednesday. However, the upshot of the ECB and Fed meetings
this week is that it appears quantitative easing measures
by the U.S. and EU are coming soon. Such would be at least
initially bullish for many markets. Reasons: Any fresh
influx of money pumped into the major world economies would
work to stimulate consumer demand, and it would also raise
the specter of price inflation. The Bank of England also
met to discuss its monetary policy. Thursday morning’s BOE
announcement showed no change in interest rates or monetary
policy, which is what the market place expected. After the
batch of central bank meetings are out of the way, focus of
the market place is now on the U.S. employment report on
Friday morning. The key non-farm payrolls component of the
jobs report is expected to have risen by 95,000 in July.

The Nasdaq stock futures index closed down 6.50 at
2,618.50. Prices closed near mid-range today. Bulls' next
upside price breakout objective is closing prices above
solid resistance at 2,700.00. The bears' next downside
price breakout objective is closing prices below solid
technical support at the July low of 2,516.50. First
resistance is seen at the July high of 2,658.00 and then at
2,675.00. First support is seen at today’s low of 2,600.00
and then at 2,575.00. Wyckoff's Market Rating: 5.5

The S&P 500 futures index closed down 8.50 at 1,361.90.
Prices closed near mid-range today. Bulls' next upside
price breakout objective is closing prices above solid
resistance at 1,400.00. The next downside price breakout
objective for the bears is closing prices below solid
support at the July low of 1,320.00. First resistance is
seen at 1,375.00 and then at this week’s high of 1,387.30
and then at 1,400.00. First support is seen at today’s low
of 1,350.00 and then at 1,340.00. Wyckoff's Market Rating:
5.5.

The Dow futures closed down 92 points at 12,831 today.
Prices closed near mid-range today. The next upside price
objective for the bulls is closing prices above solid
technical resistance at the May high of 13,280. The next
downside price objective for the bears is closing prices
below solid technical support at 12,400. First resistance
in the Dow lies at today’s high of 12,900 and then at
12,950. First support is seen at 12,800 and then at today’s
low of 12,730. Wyckoff's Market Rating: 5.5.

Click below for my welcome letter to all new customers and
for an explanation of my Market Rating System.

http://www.jimwyckoff.com/newsletter/WelcomeAboard/

IMPORTANT NOTE: I am not a futures broker and do not manage
any trading accounts other than my own personal account. It
is my goal to point out to you potential trading
opportunities. However, it is up to you to: (1) decide when
and if you want to initiate any traders and (2) determine
the size of any trades you may initiate. Any trades I
discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission
(CFTC) has said about futures trading (and I agree 100%):
1. Trading commodity futures and options is not for
everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS.
Before you invest any money in futures or options
contracts, you should consider your financial experience,
goals and financial resources, and know how much you can
afford to lose above and beyond your initial payment to a
broker. You should understand commodity futures and options
contracts and your obligations in entering into those
contracts. You should understand your exposure to risk and
other aspects of trading by thoroughly reviewing the risk
disclosure documents your broker is required to give you.

Jim Wyckoff
 

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