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RSS By: Jim Wyckoff, Pro Farmer

Pro Farmer technical analyst Jim Wyckoff's daily thoughts.

Jim's Afternoon Markets Report--Nov. 12

Nov 13, 2012

Monday Evening, November 12-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: February live cattle closed steady at $129.35
today. Prices closed nearer the session high today. Cattle
bears have the overall near-term technical advantage. A
choppy two-month-old downtrend line is in place on the
daily bar chart. The bulls' next upside price breakout
objective is to push and close prices above solid technical
resistance at the November high of $130.25. The next
downside technical breakout objective for the bears is
pushing and closing prices below solid technical support at
the September low of $127.90. First resistance is seen at
last week’s high of $129.70 and then at $130.00. First
support is seen at today’s low of $129.10 and then at
$128.75. Wyckoff's Market Rating: 3.5

January feeder cattle closed up $0.35 at $145.95 today.
Prices closed near the session low today and saw tepid
short covering in a bear market. Prices last week hit a
3.5-month low. Bears still 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 $148.00. The next
downside price breakout objective for the bears is to push
and close prices below solid technical support at the July
low of $142.37. First resistance is seen at $146.50 and
then at last week’s high of $146.85. First support is seen
at $145.50 and then at last week’s low of $144.90.
Wyckoff's Market Rating: 2.0

February lean hogs closed down $0.05 at $86.27 today.
Prices closed nearer the session high today. Prices Friday
hit an eight-month high. Bulls have solid upside technical
momentum. Prices are in a two-month-old uptrend on the
daily bar chart. The next upside price breakout objective
for the hog bulls is to push and close prices above solid
chart resistance at the contract high of $86.70. The next
downside price breakout objective for the bears is pushing
prices below solid technical support at $84.00. First
resistance is seen at $86.70 and then at $87.00. First
support is seen at today’s low of $85.95 and then at
$85.50. Wyckoff's Market Rating: 7.5

*. GRAINS: December corn futures were down 18 3/4 cents at
7.20 in late trading today. Prices were nearer the session
low and hit a fresh six-week low. Last Friday morning’s
USDA supply and demand report was overall bearish for the
grains. Price action today saw a bearish downside
“breakout” from the choppy and sideways trading range on
the daily chart. The bears now have the slight overall
near-term technical advantage. Corn bulls' next upside
price objective is to push and close prices above solid
technical resistance at $7.50. The next downside price
breakout objective for the bears is pushing and closing
prices below solid technical support at the September low
of $7.05. First resistance for December corn is seen at
$7.25 and then at $7.30. First support is seen at today’s
low of $7.12 1/2 and then at $7.05. Wyckoff's Market
Rating: 4.5

January soybeans were down 39 1/4 cents at $14.12 a bushel
in late trading today. Prices were nearer the session low
and hit a fresh 4.5-month low today. Friday morning’s USDA
supply and demand report was bearish for soybeans, and
there have been some decent rains in South American soybean
regions. Soybean bears have the solid near-term technical
advantage. A 2.5-month-old downtrend is in place on the
daily bar chart. However, this market is now oversold on a
short-term basis and due for at least a corrective upside
bounce very soon. The next near-term upside technical
breakout objective for the soybean bulls is pushing and
closing January prices above solid technical resistance at
$14.50 a bushel. The next downside price breakout objective
for the bears is pushing and closing prices below solid
technical support at $14.00. First resistance is seen at
$14.25 and then at $14.40. First support is seen at $14.00
and then at $13.90. Wyckoff's Market Rating: 3.0.

March soybean meal was down $16.90 at $419.60 in late
trading today. Prices were nearer the session low and hit a
fresh 3.5-month low. Bears have gained the solid near-term
technical advantage in meal. A two-month-old downtrend 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 $440.00. The next
downside price breakout objective for the bears is pushing
and closing prices below solid technical support at
$400.00. First resistance comes in at $425.00 and then at
$430.00. First support is seen at today’s low of $417.90
and then at $415.00. Wyckoff's Market Rating: 3.0

March bean oil was down 36 points at 48.26 cents in late
trading today. Prices were nearer the session high and did
hit a fresh contract low today. Bean oil bears have the
solid 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 50.00 cents. Bean oil bears' next downside technical
price breakout objective is pushing and closing prices
below solid technical support at 46.00 cents. First
resistance is seen at today’s high of 48.57 cents and then
at 49.00 cents. First support is seen at 48.00 cents and
then at 47.50 cents. Wyckoff's Market Rating: 1.0

March Chicago SRW wheat was down 25 3/4 cents at $8.75 3/4
in late trading today. Prices were nearer the session low
today and were pressured by a generally bearish USDA supply
and demand report last Friday. Wheat bulls still have the
slight overall near-term technical advantage but are fading
quickly and need to show fresh power soon to keep it. Wheat
bulls’ next upside breakout objective is to push and close
Chicago SRW prices above solid technical resistance at
$9.00 a bushel. The next downside price breakout objective
for the wheat futures bears is pushing and closing prices
below solid technical support at the October low of $8.53.
First resistance is seen at $8.80 and then at $8.90. First
support lies at today’s low of $8.69 3/4 and then at $8.61
1/2. Wyckoff's Market Rating: 5.5.

March K.C. HRW wheat was down 25 1/4 cents at $9.13 1/4 in
late trading today. Prices were nearer the session low and
hit a fresh three-week low today. Prices Friday hit a fresh
1.5-year high and then promptly reversed course to close
sharply lower. Today’s strong follow-through selling
produced a virtual “key reversal” down on the daily bar
chart, which is an early warning signal that a market top
is in place. The HRW bulls still have the slight overall
near-term technical advantage but have faded badly and need
to show fresh power soon to keep it. Bulls’ next upside
price breakout objective is pushing and closing prices
above solid technical resistance at $9.45. The bears' next
downside breakout objective is pushing and closing prices
below solid technical support at the September low of
$8.85. First resistance is seen at $9.20 and then at $9.25.
First support is seen at today’s low of $9.04 3/4 and then
at $9.00. Wyckoff's Market Rating: 5.5

March oats were down 3 cents at $3.69 today in late
trading. Prices were nearer the session high but hit a
fresh 4.5-month low early on. Oats bears have the slight
near-term technical advantage. Bears' next downside price
breakout objective is pushing and closing prices below
solid technical support at $3.50. Bulls' next upside price
breakout objective is pushing and closing prices above
solid technical resistance at $3.80. First support lies at
$3.65 and then at today’s low of $3.62 1/2. First
resistance is seen at today’s high of $3.70 1/4 and then at
$3.75. Wyckoff's Market Rating: 4.5

*. SOFTS: March sugar closed up 23 points at 19.29 cents
today. Prices closed near mid-range today and saw short
covering in a bear market. Prices Friday hit a fresh 22-
month low. Sugar bears still have the solid near-term
technical advantage. Prices are in a four-week-old
downtrend on the daily bar chart. Bulls' next upside price
breakout objective is to push and close prices above solid
technical resistance at 20.00 cents. Bears' next downside
price breakout objective is to push and close prices below
solid technical support at 18.00 cents. First resistance is
seen at today’s high of 19.47 cents and then at last week’s
high of 19.77 cents. First support is seen at today’s low
of 19.03 cents and then at Friday’s low of 18.66 cents.
Wyckoff's Market Rating: 1.5.

March coffee closed up 260 points at 158.15 cents. Prices
closed near mid-range and saw short covering in a bear
market. Prices last week hit a 14-month low. Coffee bears
still have the solid overall near-term technical advantage.
Prices are in a five-week-old downtrend on the daily bar
chart. The next upside breakout objective for the bulls 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
150.00 cents a pound. First resistance is seen at today’s
high of 159.70 cents and then at 162.00 cents. First
support is seen at today’s low of 156.95 cents and then at
last week’s low of 154.95 cents. Wyckoff's Market Rating:
1.5

March cocoa closed up $3 at $2,362 a ton. Prices closed
nearer the session high today and saw short covering.
Prices Friday hit a 3.5-month low. Cocoa bears have the
overall near-term technical advantage. A nine-week-old
downtrend on the daily bar chart is in place. The next
upside price breakout objective for the cocoa bulls is to
push and close prices above solid technical resistance at
last week’s high of $2,475. 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 today’s high of $2,380 and then at
$2,400. First support is seen at $2,350 and then at last
week’s low of $2,322. Wyckoff's Market Rating: 3.5

March cotton closed up 76 points at 71.20 cents today.
Prices closed near mid-range today and saw short covering
in a bear market after prices Friday hit a four-month low.
Cotton bears still have the solid near-term technical
advantage. The next upside price breakout objective for the
bulls is to produce a close above solid technical
resistance at 73.00 cents. The next downside price breakout
objective for the cotton bears is to push and close prices
below solid technical support at June low of 68.49 cents.
First resistance is seen at today’s high of 71.94 cents and
then at last week’s high of 72.34 cents. First support is
seen at today’s low of 70.10 cents and then at last week’s
low of 69.79 cents. Wyckoff's Market Rating: 2.5

January orange juice closed down 20 points at $1.0700
today. Prices closed near mid-range today. FCOJ bears still
have the solid overall near-term technical advantage. The
next upside price breakout objective for the FCOJ bulls is
pushing and closing prices above technical resistance at
$1.1200. The next downside technical breakout objective for
the FCOJ bears is to produce a close below solid technical
support at $1.0250. First resistance is seen at today’s
high of $1.0800 and then at $1.0900. First support is seen
at today’s low of $1.0600 and then at $1.0500. Wyckoff's
Market Rating: 1.5.

January lumber futures closed down $4.50 at $327.70 today.
Prices closed nearer the session low and saw more profit
taking today. Bulls still have the near-term technical
advantage. The next downside technical breakout objective
for the lumber bears is pushing and closing prices below
solid technical support at $315.00. The next upside price
breakout objective for the bulls is pushing and closing
prices above solid technical resistance at the contract
high of $335.00. First resistance is seen at $330.00 and
then at today’s high of $333.00. First support is seen at
today’s low of $327.00 and then at $325.00. Wyckoff's
Market Rating: 7.5

*. METALS: December gold futures closed down $0.20 an ounce
at $1,760.60 today in quieter trading. Prices closed near
mid-range. Bulls have the overall near-term technical
advantage. Prices Friday hit a three-week high and closed
at a bullish weekly high close. The gold bulls’ next upside
price breakout objective is to produce a close above solid
technical resistance at $1,755.00. Bears' next near-term
downside breakout price objective is closing prices below
solid technical support at the November low of $1,672.50.
First resistance is seen at last week’s high of $1,739.40
and then at $1,750.00. First support is seen at today’s low
of $1,725.20 and then at $1,720.00. Wyckoff’s Market
Rating: 6.5

December silver futures closed down $0.134 an ounce at
$32.455 today. Prices closed near mid-range today. Silver
bulls have gained some fresh upside technical momentum.
Prices Friday hit a three-week high and closed at a bullish
weekly high close. Also, a five-week-old downtrend on the
daily bar chart was negated Friday. The silver bulls have
regained the near-term technical advantage. Bulls’ next
upside price breakout objective is closing prices above
solid technical resistance at $33.50 an ounce. The next
downside price breakout objective for the bears is closing
prices below solid technical support at the November low of
$30.655. First resistance is seen at last week’s high of
$32.785 and then at $33.00. Next support is seen at today’s
low of $32.175 and then at $32.00. Wyckoff's Market Rating:
6.0.

December N.Y. copper closed up 260 points at 347.15 cents
today. Prices closed near the session high today and saw
short covering in a bear market. Copper bears still have
the overall near-term technical advantage. Prices are in a
two-month-old downtrend on the daily bar chart. Copper
bulls' next upside breakout objective is pushing and
closing prices above solid technical resistance at 357.50
cents. The next downside price breakout objective for the
bears is closing prices below solid technical support at
335.00 cents. First resistance is seen at 350.00 cents and
then at 352.50 cents. First support is seen at 345.00 cents
and then at today’s low of 342.95 cents. Wyckoff's Market
Rating: 3.0.

*. ENERGIES: December crude oil closed down $0.36 a barrel
at $85.71 today. Prices closed nearer the session low today
in quieter trading. While not overtly near-term market-
sensitive today, a shocker study was released by the
International Energy Agency (IEA). It said that in just
seven years the U.S. will be the largest crude oil producer
in the world and shortly thereafter will not need to import
any crude oil. This surprised most in the market place and
it has huge longer-term implications for the psychology of
the market place. Reason: For years there has been a Middle
East “fear premium” added into the overall price of a
barrel of crude. As time goes on now, that fear premium
will gradually recede to no premium at all. To extrapolate
further, today’s IEA report may mean the 2008 all-time high
in Nymex crude oil futures, at near $150.00 a barrel, may
not be reached again for decades. Crude oil bears still
have the overall near-term technical advantage. Prices are
in a two-month-old downtrend on the daily bar chart. The
next near-term upside price breakout objective for the
crude oil bulls is producing a close above solid technical
resistance at last week’s high of $89.22 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 $82.00. First resistance is seen at today’s high
of $86.54 and then at $87.00. First support is seen at
$85.00 and then at last week’s low of $84.05. Wyckoff's
Market Rating: 3.5

December heating oil closed down 40 points at $3.0015
today. Prices closed near mid-range today. Bears have the
near-term technical advantage. Prices are in a four-week-
old downtrend on the daily bar chart. The bulls' next
upside price breakout objective is closing prices above
solid technical resistance at $3.0750. Bears' next downside
price breakout objective is producing a close below solid
technical support at the November low of $2.9347. First
resistance lies at today’s high of $3.0279 and then at
$3.0500. First support is seen at today’s low of $2.9871
and then at $2.9600. Wyckoff's Market Rating: 4.5.

December (RBOB) unleaded gasoline closed down 237 points at
$2.6755 today. Prices closed nearer the session low today
after hitting a fresh three-week high early on. Bulls and
bears are back 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
$2.7500. Bears' next downside price breakout objective is
closing prices below solid support at the November low of
$2.5524. First resistance is seen at $2.7000 and then at
$2.7250. First support is seen at $2.6500 and then at
$2.6250. Wyckoff's Market Rating: 5.0.

December natural gas closed up 6.5 cents at $3.568 today.
Prices closed nearer the session high today on some short
covering and bargain hunting. Prices hit a fresh six-week
low early on today. Bears still have the slight overall
near-term technical advantage. Prices are in a steep three-
week-old downtrend on the daily bar chart. The next upside
price breakout objective for the bulls is closing prices
above solid technical resistance at $3.75. The next
downside price breakout objective for the bears is closing
prices below solid technical support at $3.40. First
resistance is seen at last week’s high of $3.62 and then at
$3.70. First support is seen at today’s low of $3.47 and
then at $3.42. Wyckoff's Market Rating: 4.5.

*.STOCKS, FINANCIALS, CURRENCIES: The December Euro
currency closed down 1 point at 1.2715 today. Prices closed
near mid-range today in quieter trading. Prices Friday hit
a two-month low and closed at a bearish weekly low close.
The Euro bears have the overall near-term technical
advantage. A three-week-old downtrend is in place on the
daily bar chart. Euro bulls' next upside price breakout
objective is pushing and closing prices above solid
technical resistance at 1.3027. The next downside price
breakout objective for the bears is closing prices below
solid chart support at 1.2600. First resistance for the
Euro lies at today’s high of 1.2743 and then at 1.2800.
Next support is seen at Friday’s low of 1.2693 and then at
1.2650. Wyckoff's Market Rating: 4.0

The December Japanese yen closed down 6 points at 1.2587
today. Prices closed near mid-range today. Bears still have
the overall near-term technical advantage. However, a two-
month-old downtrend on the daily bar chart was negated on
Friday, to suggest a near-term low is in place. Bulls' next
upside price breakout objective is closing prices above
solid resistance at 1.2700. Bears' next downside breakout
objective is closing prices below solid technical support
at the November low of 1.2399. First resistance is seen at
1.2611 and then at last week’s high of 1.2650. First
support is seen at 1.2565 and then at 1.2550. Wyckoff's
Market Rating: 4.0.

The December Swiss franc closed up 7 points at 1.0553
today. Prices closed near mid-range today. Prices Friday
hit a two-month low. The Swissy bears have the near-term
technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
resistance at 1.0700. The next downside price breakout
objective for the bears is closing prices below solid
technical support at 1.0500. First resistance is seen at
today’s high of 1.0567 and then at 1.0600. First support is
seen at Friday’s low of 1.0530 and then at 1.0500.
Wyckoff's Market Rating: 4.0.

The December Australian dollar closed up 36 points at
1.0398 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 chart resistance at the August
high of 1.0493. The next downside breakout objective for
the bears is to produce a close below solid technical
support at 1.0300. First resistance is seen at today’s high
of 1.0412 and then at last week’s high of 1.0446. Next
support is seen at today’s low of 1.0357 and then at
1.0325. Wyckoff's Market Rating: 6.5

The December Canadian dollar closed up 10 points at .9999
today. Prices closed near mid-range today. A two-month-old
downtrend is in place on the daily bar chart. Prices Friday
hit a fresh three-month low. Bears have the near-term
technical advantage. Bulls' next upside price breakout
objective is producing a close above chart resistance at
last week’s high of 1.0118. The next downside price
breakout objective for the bears is closing prices below
solid technical support at .9900. First resistance is seen
at today’s high of 1.0008 and then at 1.0044. First support
is seen at today’s low of .9986 and then at Friday’s low of
.9959. Wyckoff's Market Rating: 3.5.

The December British pound closed down 18 points at 1.5883
today. Prices closed near mid-range today and hit a fresh
nine-week low. Bears have gained the slight near-term
technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
technical resistance at the November high of 1.6173. Bears'
next downside technical breakout objective is closing
prices below solid support at 1.5750. First resistance is
seen at today’s high of 1.5913 and then at 1.5950. First
support is seen at today’s low of 1.5862 and then at
1.5800. Wyckoff's Market Rating: 4.5.

The December U.S. dollar index closed up 1 point at 81.10
today. Prices closed nearer the session high today and are
hovering near a two-month high. The bulls have the overall
near-term technical advantage. Bulls' next upside price
breakout objective is to close prices above solid technical
resistance at 82.00. The next downside price breakout
objective for the bears is to produce a close below solid
technical support at 80.00. Next resistance lies at today’s
high of 81.17 and then at 81.50. First support is seen at
today’s low of 80.98 and then at 80.68. Wyckoff's Market
Rating: 6.0.

December U.S. T-Bonds closed up 5/32 at 151 25/32 today.
Prices closed nearer the session high today and closed at a
fresh three-month high close today. Safe-haven buying
interest has been seen recently. Bulls have gained the
near-term technical advantage and have good near-term
upside momentum. The next downside price breakout objective
for the T-Bond bears is closing prices below solid
technical support at 149 even. The next upside technical
objective for the bulls is to produce a close above solid
technical resistance at the July high of 154 17/32. First
resistance is seen at today’s high of 151 30/32 and then at
last week’s high of 152 8/32. First support is seen at
today’s low of 151 13/32 and then at 151 even. Wyckoff's
Market Rating: 6.5.

December U.S. T Notes closed steady at 133.29.0 today.
Prices Friday hit a 3.5-month high. Bulls have the solid
near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid resistance at the July high of 134.18.0. The next
downside price breakout objective for the bears is
producing a close below solid technical support at last
week’s low of 132.20.0. First resistance is seen at today’s
high of 133.29.0 and then at Friday’s high of 134.06.5.
First support is seen at today’s low of 133.23.5 and then
at 133.16.0. Wyckoff's Market Rating: 6.5

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
narrowly mixed but mostly firmer in quiet trading today.
Bears still have the slight near-term technical advantage
in the stock indexes. The U.S. Veterans Day holiday on
Monday made for a quieter trading session in the U.S., as
government offices were closed. Focus in the U.S. remains
on resolving the so-called fiscal cliff matter by the end
of the year. There were weekend talk shows in which U.S.
lawmakers sounded more conciliatory on the matter. Credit
ratings agencies have issued recent warnings to the U.S.
that its credit will be downgraded if the fiscal cliff
problem is not sufficiently resolved. In overnight news,
there was a Euro-zone finance minister meeting in Brussels
Monday, at which Greece’s financial bailout was discussed.
Despite the Greek parliament’s passage of a new austerity
plan last week, there are still hurdles to clear before any
disbursement of fresh bailout finds by the European Union.
Greece is on the verge of running out of cash. There is key
economic data coming out of the EU on Thursday, as gross
domestic product data is released by the major EU countries
and the Euro zone as a whole. Meantime, in China there was
some better-than-expected trade figures released over the
weekend. However, economic data in Japan was very weak as
Japan’s third-quarter GDP contracted by 3.5% at an
annualized rate, suggesting that country is headed for
recession.
 
The Nasdaq stock futures index closed steady at 2,580.50.
Prices closed nearer the session low today. Prices Friday
hit a 3.5-month low. Prices are in a six-week-old downtrend
on the daily bar chart. 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 2,600.00 and
then at 2,623.25. First support is seen at Friday’s low of
2,556.25 and then at 2,550.00. Wyckoff's Market Rating: 4.0

The S&P 500 futures index closed up 1.80 at 1,377.50.
Prices closed near mid-range. Prices Friday hit another
three-month low. Prices are in a four-week-old downtrend on
the daily bar chart. Bulls' next upside price breakout
objective is closing prices above solid resistance at this
week’s high of 1,431.40. The next downside price breakout
objective for the bears is closing prices below solid
support at the August low of 1,350.00. First resistance is
seen at 1,388.00 and then at 1,400.00. First support is
seen at Friday’s low of 1,363.70 and then at 1,350.00.
Wyckoff's Market Rating: 4.0.

The Dow futures closed up 36 points at 12,800. Prices
closed nearer the session high today. Prices Friday hit a
3.5-month low. Prices are in a four-week-old downtrend on
the daily bar chart. The next upside price objective for
the bulls is closing prices above solid technical
resistance at last week’s high of 13,220. The next downside
price objective for the bears is closing prices below solid
technical support at the July low of 12,425. First
resistance in the Dow lies at 12,835 and then at 12,900.
First support is seen at today’s low of 12,740 and then at
Friday’s low of 12,705. Wyckoff's Market Rating: 4.0.

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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