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RSS By: Jim Wyckoff, Pro Farmer

Pro Farmer technical analyst Jim Wyckoff's daily thoughts.

Jim's Afternoon Markets Report--June 21

Jun 22, 2012

Thursday Evening, June 21-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: August live cattle closed down $0.57 at
$116.52 today. Prices closed near the session low and
closed at a fresh six-week low close today. The key
“outside markets” were fully bearish for cattle today, as
the U.S. dollar index was solidly higher while crude oil
prices were sharply lower. The market has been pressured by
weakening cash market fundamentals this week. Traders are
awaiting Friday afternoon’s USDA cattle on feed report.
Serious near-term chart damage has been inflicted recently
as the bears have the overall near-term technical
advantage. The bulls' next upside price breakout objective
is to push and close prices above solid technical
resistance at $119.00. The next downside technical breakout
objective for the bears is pushing and closing prices below
solid technical support at the April low of $114.70. First
resistance is seen at today’s high of $117.22 and then at
$117.80. First support is seen at the June low of $116.40
and then at $116.00. Wyckoff's Market Rating: 2.0

August feeder cattle closed down $0.12 at $152.62 today.
Prices closed near the session low today and hit another
fresh seven-week low. The big gains in corn recently have
pressured the feeders. Serious near-term chart damage has
occurred in feeders recently. Bears have the solid 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 $155.50. The next
downside price breakout objective for the bears is to push
and close prices below solid technical support at $150.50.
First resistance is seen at $153.00 and then at today’s
high of $153.60. First support is seen at today’s low of
$152.25 and then at $152.00. Wyckoff's Market Rating: 3.0

August lean hogs closed down $0.02 at $92.12 today. Prices
closed nearer the session low. The key “outside markets”
were fully bearish for hogs today, as the U.S. dollar index
was solidly higher while crude oil prices were sharply
lower. Hog market bulls still have the near-term technical
advantage. The next upside price breakout objective for the
hog bulls is to push and close prices above solid chart
resistance at the April high of $95.15. The next downside
price breakout objective for the bears is pushing prices
below solid technical support at $91.00. First resistance
is seen at today’s high of $92.80 and then at $93.25. First
support is seen at today’s low of $91.90 and then at
$91.50. Wyckoff's Market Rating: 6.0

*. GRAINS: July corn futures closed down 24 1/4 cents at
$5.87 1/2 today. Prices closed nearer the session low today
and were pressured by some timely rains that hit the
western Corn Belt overnight. The key “outside markets” were
also fully bearish for corn today, as the U.S. dollar index
was solidly higher while crude oil prices were sharply
lower. Weekly USDA export sales data was also disappointing
to bulls. Still, a potentially serious weather market is
still developing in the U.S. Corn Belt, amid hot, dry
weather recently and more in the extended forecasts.
Weather in the Corn Belt the next several weeks will trump
the technicals. Corn market bears have regained the near-
term technical advantage. Corn bulls' next upside price
breakout objective is to push and close prices above solid
technical resistance at this week’s high of $6.17. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at last
week’s low of $5.75 1/2. First resistance for July corn is
seen at $5.95 and then at $6.00. First support is seen at
today’s low of $5.86 1/2 and then at $5.80. Wyckoff's
Market Rating: 4.0

July soybeans closed down 3 1/4 cents at $14.43 1/4 a
bushel today. Prices closed near mid-range today and hit a
fresh five-week high. The key “outside markets” were fully
bearish for soybeans today, as the U.S. dollar index was
solidly higher while crude oil prices were sharply lower.
The recent dry and hot weather in the Corn Belt is still
bullish for beans, even though some beneficial precip fell
in the western Corn Belt overnight. A serious weather
market could still be developing. Bean bulls have the
overall near-term technical advantage. If the weather
remains hot and dry in the Corn Belt, soybeans will
continue to react strongly to the upside. The next near-
term upside technical breakout objective for the soybean
bulls is pushing and closing prices above major
psychological resistance at $15.00 a bushel. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at last
week’s low of $13.70 3/4. First resistance is seen at
today’s high of $14.56 1/2 and then at $14.65. First
support is seen at today’s low of $14.31 and then at
$14.25. Wyckoff's Market Rating: 7.0.

July soybean meal closed up $1.20 at $428.60 today. Prices
closed near mid-range today. Meal bulls have the 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
$439.90. The next downside price breakout objective for the
bears is pushing and closing prices below solid technical
support at this week’s low of $409.30. First resistance
comes in at $430.00 and then at $432.90. First support is
seen at $425.00 and then at $421.90. Wyckoff's Market
Rating: 8.0

July bean oil closed down 99 points at 49.83 cents today.
Prices closed near the session low today. The key “outside
markets” were fully bearish for bean oil today, as the U.S.
dollar index was solidly higher while crude oil prices were
sharply lower. Bean oil bears have the overall near-term
technical advantage. The next upside price breakout
objective for the bean oil bulls is pushing and closing
prices above solid technical resistance at 51.28 cents.
Bean oil bears' next downside technical price breakout
objective is pushing and closing prices below solid
technical support at the June low of 47.76 cents. First
resistance is seen at 50.00 cents and then at 50.39 cents.
First support is seen at today’s low of 49.77 cents and
then at 49.50 cents. Wyckoff's Market Rating: 2.5

July Chicago SRW wheat closed down 2 1/4 cents at $6.61 3/4
today. Prices closed nearer the session low today and hit a
fresh four-week high early on. The key “outside markets”
were fully bearish for wheat today, as the U.S. dollar
index was solidly higher while crude oil prices were
sharply lower. Wheat bulls still have some upside near-term
technical momentum as prices have seen an upside breakout
from a trading range. Bulls and bears are on a level near-
term technical playing field. Wheat is following corn and
soybeans and if corn and soybeans continue to rally on a
weather market bull run, wheat will follow. Wheat bulls’
next upside breakout objective is to push and close Chicago
SRW prices above solid technical resistance at today’s high
of $6.82 a bushel. The next downside price breakout
objective for the wheat futures bears is pushing and
closing prices below solid technical support at $6.25.
First resistance is seen at $6.70 and then at $6.75. First
support lies at today’s low of $6.55 and then at $6.50.
Wyckoff's Market Rating: 5.0.

July K.C. HRW wheat closed down 3 1/2 cents at $6.83 today.
Prices closed near the session low today and did hit a
fresh four-week high early on. Bulls and bears are on a
level near-term technical playing field. Bulls' next upside
price breakout objective is pushing and closing prices
above major psychological resistance at $7.00. The bears'
next downside breakout objective is pushing and closing
prices below solid technical support at $6.50. First
resistance is seen at $6.90 and then at today’s high of
$6.98. First support is seen at $6.75 and then at $6.70.
Wyckoff's Market Rating: 5.0

July oats closed down 9 1/2 cents at $3.15 1/2 today.
Prices closed nearer the session low today on some profit
taking. Bulls still have the overall near-term technical
advantage. A four-week-old uptrend line is in place on the
daily bar chart. Bears' next downside price breakout
objective is pushing and closing prices below major
psychological support at $3.00. Bulls' next upside price
breakout objective is pushing and closing prices above
solid technical resistance at the May high of $3.50. First
support lies at today’s low of $3.13 1/4 and then at $3.10.
First resistance is seen at $3.20 and then at $3.25.
Wyckoff's Market Rating: 6.0

*. SOFTS: July sugar closed down 63 points at 21.11 cents
today. Prices closed nearer the session low today after
hitting a fresh two-month high early on. Prices also scored
a bearish “outside day” down on the daily bar chart. The
key “outside markets” were fully bearish for sugar today,
as the U.S. dollar index was solidly higher while crude oil
prices were sharply lower. The bulls still have some upside
near-term technical momentum. Prices are in a three-week-
old uptrend on the daily bar chart. Bulls' next upside
price breakout objective is to push and close prices above
solid technical resistance at 22.50 cents. Bears' next
downside price breakout objective is to push and close
prices below solid technical support at 20.00 cents. First
resistance is seen at 21.50 cents and then at today’s high
of 21.81 cents. First support is seen at today’s low of
21.00 cents and then at this week’s low of 20.63 cents.
Wyckoff's Market Rating: 4.5.

July coffee closed up 740 points at 158.15 cents. Prices
closed near the session high today as trading has turned
very choppy. The key “outside markets” were fully bearish
for coffee today, as the U.S. dollar index was solidly
higher while crude oil prices were sharply lower. Yet,
coffee scored sharp gains, which does suggest this market
has put in a major low or is very close to it. Coffee
prices are still in an 8.5-month-old downtrend on the daily
bar chart. The bears still have the overall near-term
technical advantage. The coffee bulls' next upside breakout
objective is to close prices above solid technical
resistance at 165.00 cents. The next downside price
breakout objective for the bears is closing prices below
solid technical support at 145.00 cents a pound. First
resistance is seen at 160.00 cents and then at 162.50
cents. First support is seen at 155.00 cents and then at
152.50 cents. Wyckoff's Market Rating: 2.5

July cocoa closed down $37 at $2,130 a ton. Prices closed
near the session low today and hit a fresh two-week low.
The key “outside markets” were fully bearish for cocoa
today, as the U.S. dollar index was solidly higher while
crude oil prices were sharply lower. Cocoa bears have the
solid 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 June high of $2,282. The next downside price breakout
objective for the bears is pushing and closing prices below
solid technical support at the June low of $2,026. First
resistance is seen at $2150 and then at today’s high of
$2,200. First support is seen at today’s low of $2,141 and
then at $2,100. Wyckoff's Market Rating: 2.0

July cotton closed down the 500-point limit at 78.17 cents
today. The key “outside markets” were fully bearish for
cotton today, as the U.S. dollar index was solidly higher
while crude oil prices were sharply lower. The recent
advance in cotton was a classic “short squeeze” in the
market, whereby the sellers (shorts) were trapped in a
futures market with declining open interest. Then when the
weak shorts were out of market buying just dried up and
prices plummeted. The next upside price breakout objective
for the bulls is to produce a close above solid technical
resistance at 85.00 cents. The next downside price breakout
objective for the cotton bears is to push and close prices
below solid technical support at 75.00 cents. First
resistance is seen at 79.00 cents and then at 80.00 cents.
First support is seen at 77.50 cents and then at 76.50
cents. Wyckoff's Market Rating: 3.0

July orange juice closed down 15 points at $1.2275 today.
Prices closed near the session low today after hitting a
fresh six-week high early on. There has been some
speculative buying ahead of ideas a hurricane or tropical
storm could strike southeastern U.S. citrus groves. FCOJ
bears still have the overall near-term technical advantage
but the bulls are gaining upside momentum to suggest a
market low is in place. The next upside price breakout
objective for the FCOJ bulls is pushing and closing prices
above technical resistance at $1.3000. The next downside
technical breakout objective for the FCOJ bears is to
produce a close below solid technical support at the June
low of $1.0710. First resistance is seen at today’s high of
$1.2600 and then at $1.2750. First support is seen at
$1.2000 and then at $1.1750. Wyckoff's Market Rating: 3.5.

July lumber futures closed down $3.50 at $270.60 today.
Bears have the overall near-term technical advantage. The
next downside technical breakout objective for the lumber
bears is pushing and closing prices below solid technical
support at the April low of $262.50. The next upside price
breakout objective for the bulls is pushing and closing
prices above solid technical resistance at $278.00. First
resistance is seen at $274.00 and then at $275.00. First
support is seen at $270.00 and then at $268.50. Wyckoff's
Market Rating: 3.0

*. METALS: August gold futures closed down $50.00 an ounce
at $1,566.00 today. Prices closed near the session low and
closed at a fresh three-week low close as the bulls have
faded badly. The key “outside markets” were fully bearish
for gold today, as the U.S. dollar index was solidly higher
while crude oil prices were sharply lower. Gold market
bears have regained the overall near-term technical
advantage. The gold bulls’ next upside price breakout
objective is to produce a close above solid technical
resistance at the June high of $1,642.40. Bears' next near-
term downside price objective is closing prices below solid
technical support at the May low of $1,529.30. First
resistance is seen at $1,575.00 and then at $1,580.00.
First support is seen at today’s low of $1,564.80 and then
at $1,556.40. Wyckoff’s Market Rating: 4.0

July silver futures closed down $1.554 an ounce at $26.84
today. Prices closed near the session low today and closed
at a fresh 1.5-year low close. The key “outside markets”
were fully bearish for silver today, as the U.S. dollar
index was solidly higher while crude oil prices were
sharply lower. Serious near-term technical damage was
inflicted today in silver. Bears have the solid overall
near-term technical advantage and gained more power today.
Bulls’ next upside price breakout objective is closing
prices above solid technical resistance at last week’s high
of $29.095 an ounce. The next downside price breakout
objective for the bears is closing prices below solid
technical support at the May low of $26.73. First
resistance is seen at $27.00 and then at $27.17. Next
support is seen at $26.73 and then at $26.50. Wyckoff's
Market Rating: 3.0.

July N.Y. copper closed down 915 points 329.50 cents today.
Prices closed near the session low today. The key “outside
markets” were fully bearish for copper today, as the U.S.
dollar index was solidly higher while crude oil prices were
sharply lower. Copper bears have the solid overall near-
term technical advantage. Copper bulls' next upside
breakout objective is pushing and closing prices above
solid technical resistance at this week’s high of 347.75
cents. The next downside price breakout objective for the
bears is closing prices below solid technical support at
the June low of 323.80 cents. First resistance is seen at
332.50 cents and then at 335.00 cents. First support is
seen at today’s low of 329.45 cents and then at 326.35
cents. Wyckoff's Market Rating: 2.5.

*. ENERGIES: August crude oil closed down $2.93 a barrel at
$78.52 today. Prices closed nearer the session low today
and hit another fresh 8.5-month low. A bearish economic
report out of China combined with a stronger U.S. dollar
index and a downbeat assessment of the U.S. economy by the
Federal Reserve combined to sink the crude oil market agaon
today. The crude bears have the solid overall near-term
technical advantage. The next near-term upside price
breakout objective for the crude oil bulls is producing a
close above solid technical resistance at $85.00 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 $75.00. First resistance is seen at
$79.00 and then at $80.00. First support is seen at today’s
low of $78.05 and then at $77.50. Wyckoff's Market Rating:
1.0

August heating oil closed down 531 points at $2.5315 today.
Prices closed nearer the session low today and hit a fresh
1.5-year low. Bears have the solid overall near-term
technical advantage as prices are in a 2.5-month-old
downtrend on the daily bar chart. The bulls' next upside
price breakout objective is closing prices above solid
technical resistance at $2.7000. Bears' next downside price
breakout objective is producing a close below solid
technical support at $2.5000. First resistance lies at
$2.5500 and then at today’s high of $2.5903. First support
is seen at today’s low of $2.5136 and then at $2.5000.
Wyckoff's Market Rating: 1.0.

August (RBOB) unleaded gasoline closed down 482 points at
$2.4591 today. Prices closed nearer the session low and hit
another fresh 8.5-month low today. Bears have the solid
near-term technical advantage. A three-month-old downtrend
is in place on the daily bar chart. The next upside price
breakout objective for the bulls is closing prices above
solid technical resistance at $2.6000. Bears' next downside
price breakout objective is closing prices below solid
support at $2.4000. First resistance is seen at $2.5000 and
then at $2.5250. First support is seen at today’s low of
$2.4408 and then at $2.4250. Wyckoff's Market Rating: 1.0.

August natural gas closed up 6.6 cents at $2.621 today.
Prices closed near mid-range today and saw short covering.
Bulls and bears are on a level near-term technical playing
field. The next upside price breakout objective for the
bulls is closing prices above solid technical resistance at
the May high of $2.838. The next downside price breakout
objective for the bears is closing prices below solid
technical support at $2.35. First resistance is seen at
today’s high of $2.674 and then at this week’s high of
$2.709. First support is seen at today’s low of $2.542 and
then at $2.489. Wyckoff's Market Rating: 5.0.

*.STOCKS, FINANCIALS, CURRENCIES: The September Euro
currency closed down 114 points at 1.2563 today. Prices
closed near the session low today. The Euro bears have the
overall near-term technical advantage and gained fresh
downside momentum today. Euro bulls' next upside price
breakout objective is pushing and closing prices above
solid technical resistance at this week’s high of 1.2759.
The next downside price breakout objective for the bears is
closing prices below solid chart support at 1.2450. First
resistance for the Euro lies at 1.2600 and then at 1.2650.
Next support is seen at today’s low of 1.2556 and then at
1.2500. Wyckoff's Market Rating: 3.0

The September Japanese yen closed down 125 points at 1.2468
today. Prices closed near the session low again today and
hit a fresh five-week low. Bulls have faded and are back on
a level near-term technical playing field with the bears.
Bulls' next upside price breakout objective is closing
prices above solid resistance at last week’s high of
1.2737. Bears' next downside breakout objective is closing
prices below solid technical support at 1.2435. First
resistance is seen at 1.2500 and then at 1.2547. First
support is seen at 1.2435 and then at 1.2400. Wyckoff's
Market Rating: 5.0.

The September Swiss franc closed down 93 points at 1.0475
today. Prices closed near the session low today. The bears
have the overall near-term technical advantage in the
Swissy and gained some fresh downside momentum today. The
next upside price breakout objective for the bulls is
closing prices above solid resistance at 1.0684. The next
downside price breakout objective for the bears is closing
prices below solid technical support at the June low of
1.0280. First resistance is seen at 1.0500 and then at
1.0550. First support is seen at today’s low of 1.0468 and
then at 1.0400. Wyckoff's Market Rating: 3.0.

The September Australian dollar closed down 132 points at
.9964 today. Prices closed near the session low today on
some profit taking. Bulls and bears are back on a level
near-term technical playing field. Bulls' next upside price
breakout objective is closing prices above solid chart
resistance at the April high of 1.0325. The next downside
breakout objective for the bears is to produce a close
below solid technical support at .9750. First resistance is
seen at 1.0000 and then at 1.0050. Next support is seen at
today’s low of .9956 and then at .9900. Wyckoff's Market
Rating: 5.0

The September Canadian dollar closed down 86 points at
.9702 today. Prices closed near the session low today.
Bears have the overall near-term technical advantage and
gained some fresh downside momentum today. Bulls' next
upside price breakout objective is producing a close above
chart resistance at this week’s high of .9824. The next
downside price breakout objective for the bears is closing
prices below solid technical support at the June low of
.9554. First resistance is seen at .9750 and then at .9800.
First support is seen at today’s low of .9695 and then at
.9639. Wyckoff's Market Rating: 3.0.

The September British pound closed down 108 points at
1.5586 today. Prices closed near the session low today.
Bulls and bears are on a level near-term technical playing
field. Prices have been trending higher for nearly three
weeks. The next upside price breakout objective for the
bulls is closing prices above solid technical resistance at
1.5800. Bears' next downside technical breakout objective
is closing prices below solid support at 1.5450. First
resistance is seen at 1.5650 and then at 1.5700. First
support is seen at today’s low of 1.5575 and then at
1.5500. Wyckoff's Market Rating: 5.0.

The September U.S. dollar index closed up 76 points at
82.51 today. Prices closed near the session high today and
saw support on fresh safe-haven demand after the FOMC’s
downbeat assessment of the U.S. economy and some weak China
economic data. Bulls have the overall near-term technical
advantage and regained upside momentum today. Bulls' next
upside price breakout objective is to close prices above
solid technical resistance at the June high of 84.00. The
next downside price breakout objective for the bears is to
produce a close below solid technical support at 81.00.
Next resistance lies at today’s high of 82.61 and then at
83.00. First support is seen at 82.00 and then at today’s
low of 81.66. Wyckoff's Market Rating: 6.5.

September U.S. T-Bonds closed up 22/32 at 149 9/32 today.
Prices closed nearer the session high today on fresh safe-
haven buying. Bulls have the solid overall near-term
technical advantage. Prices are in a three-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 146 even. The next upside
technical objective for the bulls is to produce a close
above solid technical resistance at the contract high of
152 19/32. First resistance is seen at today’s high of 149
22/32 and then at 150 even. First support is seen at 149
even and then at today’s low of 148 7/32. Wyckoff's Market
Rating: 7.0.

September U.S. T Notes closed up 5.5 (32nds) at 133.11.0
today. Prices closed nearer the session high on safe-haven
buying. Bulls have the solid overall near-term technical
advantage. Prices are in a three-month-old uptrend on the
daily bar chart. The next upside price breakout objective
for the bulls is closing prices above solid resistance at
the contract high of 134.30.5. The next downside price
breakout objective for the bears is producing a close below
solid technical support at 132.16.0. First resistance is
seen at today’s high of 133.17.5 and then at this week’s
high of 133.31.5. First support is seen at today’s low of
130.00.5 and then at this week’s low of 132.27.0. Wyckoff's
Market Rating: 7.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
sharply lower today ahead of Moody’s downgrading of several
U.S. banks. The market place was disappointed with the
results of the U.S. Federal Reserve’s Federal Open Market
Committee meeting that ended Wednesday afternoon. While
most expected the “Twist” operation would be extended, the
significantly more downbeat assessment of the U.S. economy
from the Fed was a bit of a surprise and sent fresh
shudders through the market place. Then overnight China
announced weaker manufacturing activity to further depress
the market place. The FOMC and China manufacturing news
have, for the moment, overshadowed the festering European
Union sovereign debt crisis. Spanish bonds that were
auctioned Thursday did see EU era record-high yields
fetched. It won’t be long before the EU debt crisis is back
on the front burner of the market place.


The Nasdaq stock futures index closed down 63.25 at
2,554.00. Prices closed near the session low today and saw
profit taking after prices hit a five-week high on
Wednesday. Bulls' next upside price breakout objective is
closing prices above solid resistance at 2,650.00. The
bears' next downside price breakout objective is closing
prices below solid technical support at the June low of
2,433.75. First resistance is seen at 2,575.00 and then at
2,600.00. First support is seen at today’s low of 2,548.50
and then at 2,525.00. Wyckoff's Market Rating: 5.5

The S&P 500 futures index closed down 30.20 at 1,320.50.
Prices closed nearer the session low today on some profit
taking. Bulls' next upside price breakout objective is
closing prices above solid resistance at 1,375.00. The next
downside price breakout objective for the bears is closing
prices below solid support at the June low of 1,262.30.
First resistance is seen at 1,341.00 and then at this
week’s high of 1,356.80. First support is seen at today’s
low of 1,317.50 and then at 1,300.00. Wyckoff's Market
Rating: 5.5.

The Dow futures closed down 252 points at 12,511 today.
Prices closed near the session low today and saw profit
taking. The next upside price objective for the bulls is
closing prices above solid technical resistance at 13,000.
The next downside price objective for the bears is closing
prices below solid technical support at 12,300. First
resistance in the Dow lies at 12,550 and then at 12,600.
First support is seen at today’s low of 12,500 and then at
12,450. 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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