Jul 23, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

AgDay Blog


Pro Farmer Tech Talk

RSS By: Jim Wyckoff, Pro Farmer

Pro Farmer technical analyst Jim Wyckoff's daily thoughts.

Jim's Afternoon Markets Report--March 29

Mar 30, 2012

Thursday Evening, March 29-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: June live cattle closed down $2.02 at $118.47
today. Prices closed nearer the session low again today and
hit a fresh 9.5-month low. It was a “risk off” day in the
market place and the key “outside markets” were also
bearish for the cattle market, as the U.S. dollar index was
firmer and crude oil prices were sharply lower. Serious
chart damage was inflicted today. Cattle futures bears have
the solid overall near-term technical advantage. Prices are
in a steep five-week-old downtrend on the daily bar chart.
The bulls' next upside price breakout objective is to push
and close prices above solid technical resistance at
$121.00. The next downside technical breakout objective for
the bears is pushing and closing prices below solid
technical support at $116.00. First resistance is seen at
$119.00 and then at $119.50. First support is seen at
today’s low of $117.80 and then at $117.00. Wyckoff's
Market Rating: 2.0

May feeder cattle closed down $1.90 at $151.80 today.
Prices closed near the session low and hit a three-month
low today. Bears have the overall near-term technical
advantage and gained more downside momentum today. Prices
are in a steep four-week-old downtrend on the daily bar
chart. The next upside price objective for the feeder bulls
is to push and close prices above technical resistance at
$155.00. The next downside price breakout objective for the
bears is to push and close prices below solid technical
support at $150.00. First resistance is seen at $152.60 and
then at $153.00. First support is seen at today’s low of
$151.70 and then at $151.00. Wyckoff's Market Rating: 3.0

June lean hogs closed down $2.12 at $90.50 today. Prices
closed near the session low and hit a fresh 10-month low
today. It was a “risk off” day today and the key “outside
markets” were also bearish for the hog market today, as the
U.S. dollar index was firmer and crude oil prices were
sharply lower. More serious chart damage was inflicted
today. Hog prices are in a steep five-week-old downtrend on
the daily bar chart. Bears have the solid overall 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 $92.50. The next downside
price breakout objective for the bears is pushing prices
below solid technical support at last May’s low of $89.70.
First resistance is seen at $90.50 and then at $91.00.
First support is seen at $89.70 and then at $89.00.
Wyckoff's Market Rating: 1.5

*. GRAINS: May corn futures closed down 16 3/4 cents at
$6.03 1/2 today. Prices closed near the session low again
today and hit a fresh 10-week low. It was a “risk off” day
in the market place today and the key “outside markets”
were also bearish for the corn market, as the U.S. dollar
index was firmer and crude oil prices were sharply lower.
There was more heavy long liquidation today, heading into
what is expected to be a bearish USDA planting intentions
report on Friday morning. While serious near-term chart
damage has occurred recently, the corn market is now set up
for a “sell the rumor, buy the fact” scenario, given all
the selling pressure in advance of Friday’s report.
Needless to say, Friday will be a very important trading
day in the grain markets. Corn bears have the near-term
technical advantage. Corn bulls' next upside price breakout
objective is to push and close prices above solid technical
resistance at $6.25. The next downside price breakout
objective for the bears is pushing and closing prices below
psychological support at $6.00. First resistance for March
corn is seen at $6.10 and then at $6.15. First support is
seen at today’s low of $6.03 and then at $6.00. Wyckoff's
Market Rating: 3.5

May soybeans closed down 13 1/4 cents at $13.54 1/4 a
bushel today. Prices closed nearer the session low again
today and saw more profit-taking pressure from recent
gains. It was a “risk off” day in the market place today
and the key “outside markets” were also bearish for the
bean market, as the U.S. dollar index was firmer and crude
oil prices were sharply lower. Traders are awaiting Friday
morning’s key USDA planting intentions and supply and
demand report. Bean bulls reckon that report will be
bullish. Bean bulls still have the overall near-term
technical advantage. Bean prices are still in a 3.5-month-
old uptrend on the daily bar chart. The next near-term
upside technical breakout objective for the soybean bulls
is pushing and closing prices above major psychological
resistance at $14.00 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
$13.38 1/2. First resistance is seen at $13.60 and then at
$13.70. First support is seen at today’s low of $13.51 and
then at $13.38 1/2. Wyckoff's Market Rating: 7.0.

May soybean meal closed down $2.30 at $375.40 today. Prices
closed nearer the session low today after hitting a fresh
6.5-month high early on today. Prices also scored a bearish
“outside day” down on the daily bar chart. Meal bulls still
have the overall near-term technical advantage. Prices are
in a 3.5-month-old uptrend on the daily bar chart. The next
upside price breakout objective for the bulls is to produce
a close above solid technical resistance at $385.00. The
next downside price breakout objective for the bears is
pushing and closing prices below solid technical support at
last week’s low of $363.80. First resistance comes in at
$377.50 and then at $380.00. First support is seen at
today’s low of $374.30 and then at this week’s low of
$372.40. Wyckoff's Market Rating: 7.0

May bean oil closed down 82 points at 53.78 cents today.
Prices closed nearer the session low again today and hit a
fresh three-week low. It was a “risk off” day in the market
place today and the key “outside markets” were also bearish
for the bean oil market, as the U.S. dollar index was
firmer and crude oil prices were sharply lower. Bean oil
bulls and bears are now back on a level near-term technical
playing field. A 3.5-month-old uptrend on the daily bar
chart was at least temporarily negated today. The next
upside price breakout objective for the bean oil bulls is
pushing and closing prices above solid technical resistance
at this week’s high of 55.82 cents. Bean oil bears' next
downside technical price breakout objective is pushing and
closing prices below solid technical support at the March
low of 52.88 cents. First resistance is seen at 54.00 cents
and then at 54.50 cents. First support is seen at today’s
low of 53.60 cents and then at 53.50 cents. Wyckoff's
Market Rating: 5.0

May Chicago SRW wheat closed down 18 3/4 cents at $6.12
today. Prices closed near the session low again today and
hit a fresh 3.5-month low. It was a “risk off” day in the
market place today and the key “outside markets” were also
bearish for the wheat market, as the U.S. dollar index was
firmer and crude oil prices were sharply lower. Perceived
good worldwide wheat supplies have also hurt the market
this week. Traders are awaiting Friday morning’s key USDA
planting intentions and supply and demand report. Wheat
bears have the solid overall near-term technical advantage.
Bulls’ next upside breakout objective is to push and close
Chicago SRW prices above solid technical resistance at
$6.50 a bushel. The next downside price breakout objective
for the wheat futures bears is pushing and closing prices
below psychological support at $6.00. First resistance is
seen at $6.25 and then at today’s high of $6.35. First
support lies at today’s low of $6.11 1/2 and then at $6.00.
Wyckoff's Market Rating: 2.0.

May K.C. HRW wheat closed down 19 cents at $6.51 today.
Prices closed near the session low again today and hit a
fresh 3.5-month low today. Bears have the solid overall
near-term technical advantage and gained more downside
momentum today. Bulls' next upside price breakout objective
is pushing and closing prices above solid technical
resistance at $6.85. The bears' next downside breakout
objective is pushing and closing prices below solid
technical support at the contract low of $6.44 1/4. First
resistance is seen at today’s high of $6.66 and then at
$6.75. First support is seen at today’s low of $6.51 and
then at $6.44 1/4. Wyckoff's Market Rating: 2.0

May oats closed down 6 3/4 cents at $3.35 1/2 today. Prices
closed nearer the session low today after hitting another
fresh 4.5-month high early on. Prices scored a bearish
“outside day” down on the daily bar chart today. 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 last
week’s low of $3.22. Bulls' next upside price breakout
objective is pushing and closing prices above solid
technical resistance at today’s high of $3.46 1/2. First
support lies at today’s low of $3.33 and then at $3.30.
First resistance is seen at $3.40 and then at $3.41.
Wyckoff's Market Rating: 5.5

*. SOFTS: May sugar closed up 30 points at 24.56 cents
today. Prices closed nearer the session high today and saw
short covering from recent strong selling pressure. Bulls
and bears are on a level near-term technical playing field.
Sugar bulls' next upside price breakout objective is to
push and close prices above solid technical resistance at
this week’s high of 25.66 cents. Bears' next downside price
breakout objective is to push and close prices below solid
technical support at 24.00 cents. First resistance is seen
at today’s high of 24.65 cents and then at 25.00 cents.
First support is seen at 24.25 cents and then at this
week’s low of 24.11 cents. Wyckoff's Market Rating: 5.0.

May coffee closed down 540 points at 176.60 cents. Prices
closed near the session low today and have given back all
of Tuesday’s solid gains and then some. It was a “risk off”
day in the market place today and the key “outside markets”
were also bearish for the coffee market, as the U.S. dollar
index was firmer and crude oil prices were sharply lower.
Coffee prices are still in a seven-month-old downtrend on
the daily bar chart. The bears have the solid overall near-
term technical advantage. The coffee bulls' next upside
breakout objective is to close prices above solid technical
resistance at 188.45 cents. The next downside price
breakout objective for the bears is closing prices below
solid technical support at last week’s low of 174.45 cents
a pound. First resistance is seen at 180.00 cents and then
at today’s high of 183.25 cents. First support is seen at
today’s low of 175.90 cents and then at 174.45 cents.
Wyckoff's Market Rating: 1.0

May cocoa closed down $85 at $2,210 a ton. Prices closed
nearer the session low and hit a fresh two-week low today.
It was a “risk off” day in the market place today and the
key “outside markets” were also bearish for the cocoa
market, as the U.S. dollar index was firmer and crude oil
prices were sharply lower. Cocoa bears have the near-term
technical advantage and gained more downside momentum
today. The next upside price breakout objective for the
cocoa bulls is to push and close prices above solid
technical resistance at this week’s high of $2,384. The
next downside price breakout objective for the bears is
pushing and closing prices below solid technical support at
the March low of $2,169. First resistance is seen at $2,250
and then at $2,275. First support is seen at today’s low of
$2,194 and then at $2,169. Wyckoff's Market Rating: 3.5

May cotton closed down 49 points at 93.54 cents today.
Prices closed near mid-range today and did hit a fresh six-
week high early on. It was a “risk off” day in the market
place today and the key “outside markets” were also bearish
for the cotton market, as the U.S. dollar index was firmer
and crude oil prices were sharply lower. Still, cotton
bulls can be encouraged that given the carnage in other
commodity markets, cotton fared pretty well today. Cotton
bulls and bears are on a level near-term technical playing
field as bulls have gained some upside momentum to suggest
a market low is in place. A bullish “rounding-bottom”
reversal pattern is in place on the daily bar chart. The
next upside price breakout objective for the bulls is to
produce a close above solid technical resistance at 96.00
cents. The next downside price breakout objective for the
cotton bears is to push and close prices below solid
technical support at 90.00 cents. First resistance is seen
at today’s high of 94.39 cents and then at 95.00 cents.
First support is seen at 93.00 cents and then at 92.50
cents. Wyckoff's Market Rating: 5.0

May orange juice closed down 15 points at $1.6685 today.
Prices closed near mid-range today in quieter trading.
Serious near-term chart damage has been inflicted in FCOJ
recently. Bears have the near-term technical advantage. The
next upside price breakout objective for the FCOJ bulls is
pushing and closing prices above technical resistance at
$1.8000. The next downside technical breakout objective for
the FCOJ bears is to produce a close below solid technical
support at the December low of $1.6000. First resistance is
seen at $1.6885 and then at this week’s high of $1.7050.
First support is seen at today’s low of $1.6590 and then at
last week’s low of $1.6440. Wyckoff's Market Rating: 3.5.

May lumber futures closed down $0.60 at $261.00 today.
Prices closed near the session low today. The bears still
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 January low of $250.00. The next upside price
breakout objective for the bulls is pushing and closing
prices above solid technical resistance at $270.00. First
resistance is seen at today’s high of $263.50 and then at
this week’s high of $265.30. First support is seen at this
week’s low of $258.00 and then at $256.00. Wyckoff's Market
Rating: 2.5

*. METALS: June gold futures closed down $5.40 an ounce at
$1,655.30 today. Prices closed near mid-range today as the
bulls are fading again. The key “outside markets” were
bearish for gold again today, as the U.S. dollar index was
firmer and crude oil prices were sharply lower. The bears
have the near-term technical advantage and are working to
re-establish a four-week-old downtrend on the daily bar
chart. Another down day on Friday would do just that. The
gold bulls’ next upside price breakout objective is to
produce a close above psychological resistance at
$1,700.00. Bears' next near-term downside price objective
is closing prices below solid technical support at last
week’s low of $1,629.80. First resistance is seen at
today’s high of $1,666.90 and then at $1,675.00. First
support is seen at today’s low of $1,646.70 and then at
$1,637.30. Wyckoff's Market Rating: 4.0.

May silver futures closed up $0.189 an ounce at $32.02
today. Prices closed nearer the session high today and saw
short covering. The key “outside markets” were bearish for
silver again today, which did limit silver’s upside. The
U.S. dollar index was firmer and crude oil prices were
sharply lower. Silver bears still have the near-term
technical advantage and are working on re-establishing a
four-week-old downtrend on the daily bar chart. Bulls’ next
upside price breakout objective is closing prices above
solid technical resistance at this week’s high of $33.19 an
ounce. The next downside price breakout objective for the
bears is closing prices below solid technical support at
last week’s low of $31.09. First resistance is seen at
$32.50 and then at Wednesday’s high of $32.685. Next
support is seen at today’s low of $31.63 and then at
$31.50. Wyckoff's Market Rating: 4.0.

May N.Y. copper closed up 35 points 379.60 cents today.
Prices closed nearer the session high today. The key
“outside markets” were bearish for copper today, which did
limit the upside. The U.S. dollar index was firmer and
crude oil prices were sharply lower. Copper bulls still
have the slight overall near-term technical advantage.
However, prices have been trading sideways for six weeks.
Copper bulls' next upside breakout objective is pushing and
closing prices above solid technical resistance at 400.00
cents. The next downside price breakout objective for the
bears is closing prices below solid technical support at
last week’s low of 375.25 cents. First resistance is seen
at today’s high of 381.80 cents and then at 385.00 cents.
First support is seen at today’s low of 376.20 cents and
then at last week’s low of 375.25 cents. Wyckoff's Market
Rating: 5.5.

*. ENERGIES: May crude oil closed down $2.62 a barrel at
$102.79 today. Prices closed nearer the session low again
today and hit a fresh six-week low as the bulls have faded
badly. A four-week-old downtrend line is now in place 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 $106.00 a barrel. The next near-term downside price
breakout objective for the crude oil bears is to produce a
close below major psychological support at $100.00. First
resistance is seen at $104.00 and then at $105.00. First
support is seen at today’s low of $102.13 and then at
101.50. Wyckoff's Market Rating: 5.0

May heating oil closed down 542 points at $3.1680 today.
Prices closed nearer the session low today, hit a fresh
six-week low and scored a bearish “outside day” down on the
daily bar chart. Bulls still have the slight overall near-
term technical advantage but did fade today. The bulls'
next upside price breakout objective is closing prices
above solid technical resistance at the March high of
$3.3127. Bears' next downside price breakout objective is
producing a close below solid technical support at $3.1000.
First resistance lies at $3.2000 and then at $3.2250. First
support is seen at today’s low of $3.1533 and then at
$3.1250. Wyckoff's Market Rating: 5.5.

May (RBOB) unleaded gasoline closed down 269 points at
$3.3352 today. Prices closed nearer the session low today
and scored a mildly bearish “outside day” down on the daily
bar chart. Bulls still have the overall near-term technical
advantage. The next upside price breakout objective for the
bulls is closing prices above solid technical resistance at
$3.5000. Bears' next downside price breakout objective is
closing prices below solid support at $3.2500. First
resistance is seen at $3.3500 and then at $3.3750. First
support is seen at today’s low of $3.3136 and then at
$3.3000. Wyckoff's Market Rating: 7.0.

May natural gas closed down 13.2 cents at $2.15 today.
Prices closed near the session low today and hit another
fresh contract low. The bears have the solid overall near-
term technical advantage. There are no early clues to
suggest a market low is close at hand. The next upside
price breakout objective for the bulls is closing prices
above solid technical resistance at $2.40. The next
downside price breakout objective for the bears is closing
prices below major psychological support at $2.00. First
resistance is seen at $2.20 and then at $2.25. First
support is seen at today’s contract low of $2.132 and then
at $2.10. Wyckoff's Market Rating: 1.0.

*.STOCKS, FINANCIALS, CURRENCIES: The June Euro currency
closed down 31 points at 1.3297 today. Prices closed near
mid-range again today. Bulls still have the slight near-
term technical advantage but need to show fresh power soon
to keep it. Euro bulls' next upside price breakout
objective is pushing and closing prices above solid
technical resistance at the February high of 1.3494. The
next downside price breakout objective for the bears is
closing prices below solid chart support at the March low
of 1.3009. First resistance for the Euro lies at today’s
high of 1.3351 and then at this week’s high of 1.3391. Next
support is seen at today’s low of 1.3257 and then at
1.3200. Wyckoff's Market Rating: 5.5

The June Japanese yen closed up 50 points at 1.2139 today.
Prices closed near mid-range today on more short covering
in a bear market. Prices did hit a fresh three-week high
today. Bears still have the overall near-term technical
advantage. However, a two-month-old downtrend on the daily
bar chart was at least temporarily negated today. Bulls'
next upside price breakout objective is closing prices
above solid resistance at the March high of 1.2421. Bears'
next downside breakout objective is closing prices below
solid technical support at the March low of 1.1889. First
resistance is seen at today’s high of 1.2220 and then at
1.2300. First support is seen at today’s low of 1.2061 and
then at 1.2000. Wyckoff's Market Rating: 3.0.

The June Swiss franc closed down 27 points at 1.1036 today.
Prices closed near mid-range today. 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 resistance at the March high of 1.1213. The
next downside price breakout objective for the bears is
closing prices below solid technical support at 1.0900.
First resistance is seen at today’s high of 1.1083 and then
at this week’s high of 1.1102. First support is seen at
today’s low of 1.1008 and then at this week’s low of
1.0956. Wyckoff's Market Rating: 5.0.

The June Australian dollar closed down 6 points at 1.0280
today. Prices closed nearer the session high today but did
hit a fresh 2.5-month low early on. Bulls and bears are on
a level near-term technical playing field but the bulls are
fading. Prices have been trending lower for four weeks.
Bulls' next upside price breakout objective is closing
prices above solid chart resistance at last week’s high of
1.0529. The next downside breakout objective for the bears
is to produce a close below solid technical support at last
week’s low of 1.0236. First resistance is seen at 1.0366
and then at 1.0400. Next support is seen at today’s low of
1.0214 and then at 1.0150. Wyckoff's Market Rating: 5.0

The June Canadian dollar closed up 16 points at 1.0009
today. Prices closed near the session high today. Bulls
have the overall near-term technical advantage amid choppy
trading at higher price levels. Bulls' next upside price
breakout objective is producing a close above chart
resistance at the February high of 1.0133. The next
downside price breakout objective for the bears is closing
prices below solid technical support at the March low of
.9946. First resistance is seen at 1.0035 and then at this
week’s high of 1.0083. First support is seen at today’s low
of .9963 and then at last week’s low of .9946. Wyckoff's
Market Rating: 6.5.

The June British pound closed up 48 points at 1.5935 today.
Prices closed near the session high today. Bulls have the
near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid technical resistance at the October and November
highs of 1.6094. Bears' next downside technical breakout
objective is closing prices below solid support at last
week’s low of 1.5761. First resistance is seen at 1.5956
and then at this week’s high of 1.5994. First support is
seen at today’s low of 1.5852 and then at 1.5800. Wyckoff's
Market Rating: 6.0.

The June U.S. dollar index closed up 2 points at 79.32
today. Prices closed near mid-range again today and saw
some short covering. Bears still have the slight near-term
technical advantage. Bulls' next upside price breakout
objective is to close prices above solid technical
resistance at last week’s high of 80.19. The next downside
price breakout objective for the bears is to produce a
close below solid technical support at the February low of
78.42. Next resistance lies at today’s high of 79.53 and
then at this week’s high of 79.94. First support is seen at
this week’s low of 78.93 and then at 78.42. Wyckoff's
Market Rating: 4.5.

June U.S. T-Bonds closed up 15/32 at 138 25/32 today.
Prices closed near the session high today. Bulls are
regaining upside near-term technical momentum and are now
back on a level near-term technical playing field with the
bears. The next downside price breakout objective for the
T-Bond bears is closing prices below solid technical
support at 137 even. The next upside technical objective
for the bulls is to produce a close above solid technical
resistance at 140 even. First resistance is seen at today’s
high of 139 1/32 and then at  139 16/32. First support is
seen at 138 16/32 and then at today’s low of 138 1/32.
Wyckoff's Market Rating: 5.0.

June U.S. T Notes closed up 10.0 (32nds) at 129.28.5 today.
Prices closed near the session high today and hit a fresh
two-week high. Bulls and bears are now back on a level
near-term technical playing field. The next upside price
breakout objective for the bulls is closing prices above
solid resistance at 130.00.0. The next downside price
breakout objective for the bears is producing a close below
solid technical support at this week’s low of 128.20.0.
First resistance is seen at 130.00.0 and then at 130.08.0.
First support is seen at today’s low of 129.13.5 and then
at 129.00.0. Wyckoff's Market Rating: 5.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
mixed today on more profit-taking pullbacks from recent
gains. It was also a bit of a “risk off” day in the market
place today. The stock index bulls still have the solid
near-term technical advantage and the path of least
resistance for prices remains sideways to higher amid no
early warning signals that market tops are close at hand.

The Nasdaq stock futures index closed down 9.50 at
2,758.50. Prices closed near mid-range again today. Bulls'
next upside price breakout objective is closing prices
above solid resistance at 2,800.00. The bears' next
downside price breakout objective is closing prices below
solid technical support at 2,700.00. First resistance is
seen at today’s high of 2,773.25 and then at this week’s
high of 2,790.25. First support is seen at today’s low of
2,737.00 and then at this week’s low of 2,729.00. Wyckoff's
Market Rating: 7.5

The S&P 500 futures index closed down 2.20 at 1,397.90.
Prices closed nearer the session high today. Bulls' next
upside price breakout objective is closing prices above
solid resistance at 1,425.00. The next downside price
breakout objective for the bears is closing prices below
solid support at 1,350.00. First resistance is seen at
today’s high of 1,403.80 and then at this week’s high of
1,419.60. First support is seen at today’s low of 1,386.50
and then at last week’s low of 1,381.00. Wyckoff's Market
Rating: 7.5.

The Dow futures closed up 27 points at 13,080 today. Prices
closed near the session high today. The next upside price
objective for the bulls is closing prices above solid
technical resistance at 13,500. The next downside price
objective for the bears is closing prices below solid
technical support at the March low of 12,698. First
resistance in the Dow lies at 13,100 and then at 13,145.
First support is seen at 13,000 and then at last week’s low
of 12,940. Wyckoff's Market Rating: 7.5.

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
 

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions