Aug 21, 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--Nov. 15

Nov 16, 2012

Thursday Evening, November 15-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 up $0.27 at
$129.40 today. Prices closed nearer the session high today
on tepid short covering. The key “outside markets” were in
a bearish posture for the cattle market today as the U.S.
dollar index was firmer and crude oil prices were lower.
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
this week’s high of $129.85 and then at $130.25. First
support is seen at today’s low of $128.90 and then at
$128.45. Wyckoff's Market Rating: 4.0

January feeder cattle closed up $0.27 at $145.15 today.
Prices closed near the session high today and saw short
covering in a bear market. Prices Wednesday hit a fresh
four-month low. 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 this week’s high of $146.30. 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 $145.70
and then at $146.30. First support is seen at this week’s
low of $144.37 and then at $144.00. Wyckoff's Market
Rating: 1.5

February lean hogs closed up $0.20 at $86.25 today. Prices
closed nearer the session high today. Prices Tuesday hit a
contract high. Bulls have the solid overall near-term
technical advantage as prices are in a nine-week-old
uptrend on the daily bar chart. However, it’s near present
price levels that in recent months have put in market tops
for lean hogs. The next upside price breakout objective for
the hog bulls is to push and close prices above solid chart
resistance at $90.00. The next downside price breakout
objective for the bears is pushing prices below solid
technical support at $85.00. First resistance is seen at
$86.60 and then at the contract high of $87.27. First
support is seen at today’s low of $85.70 and then at
$85.32. Wyckoff's Market Rating: 7.5

*. GRAINS: March corn futures were down 3 cents at 7.26 1/4
in late trading today. Prices were nearer the session low.
The key “outside markets” were in a bearish posture for
corn today as the U.S. dollar index was firmer and crude
oil prices were lower. The corn bears still 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 $7.08 3/4. First resistance for March corn
is seen at today’s high of $7.31 3/4 and then at $7.38.
First support is seen at $7.22 1/4 and then at this week’s
low of $7.14 1/4. Wyckoff's Market Rating: 4.5

January soybeans were down 11 3/4 cents at $14.07 1/4 a
bushel in late trading today. Prices were nearer the
session low. The key “outside markets” were in a bearish
posture for soybeans today as the U.S. dollar index was
firmer and crude oil prices were lower. Soybean bears have
the solid overall near-term technical advantage. A 2.5-
month-old downtrend is in place on the daily bar chart. 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 $13.50.
First resistance is seen at today’s high of $14.27 3/4 and
then at $14.40. First support is seen at $14.00 and then at
this week’s low of $13.91 1/4. Wyckoff's Market Rating:
3.0.

March soybean meal was down $3.90 at $416.60 in late
trading today. Prices were nearer the session low. Prices
hit a 3.5-month low on Tuesday. Meal bears have the solid
overall near-term technical advantage. 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 $420.00 and then at
today’s high of $423.00. First support is seen at today’s
low of $417.70 and then at $415.00. Wyckoff's Market
Rating: 3.0

March bean oil was up 8 points at 48.56 cents in late
trading today. Prices were near mid-range and saw tepid
short covering in a bear market. The key “outside markets”
were in a bearish posture for bean oil today as the U.S.
dollar index was firmer and crude oil prices were lower.
Bean oil bears still 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 48.97 cents and then at 49.50 cents.
First support is seen at today’s low of 48.30 cents and
then at 48.00 cents. Wyckoff's Market Rating: 2.0

March Chicago SRW wheat was down 1 1/2 cents at $8.62 1/2
in late trading today. Prices were nearer the session low
today. The key “outside markets” were in a bearish posture
for wheat today as the U.S. dollar index was firmer and
crude oil prices were lower. Wheat bulls have faded
recently. Bulls and bears are on a level near-term
technical playing field. 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 today’s high of $8.71 3/4 and then at $8.80. First
support lies at this week’s low of $8.60 1/2 and then at
$8.53. Wyckoff's Market Rating: 5.0.

March K.C. HRW wheat was down 3 cents at $9.03 1/4 in late
trading today. Prices were near the session low. Recent
price action has produced a virtual “key reversal” down on
the daily bar chart, which is an early warning signal that
a market top is in place. HRW bulls and bears are on a
level near-term technical playing field. 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 $9.13 1/4 and then at
$9.25. First support is seen at this week’s low of $8.98
and then at $8.85. Wyckoff's Market Rating: 5.0

March oats were down 2 1/2 cents at $3.74 today in late
trading. Prices were near mid-range. Oats bulls and bears
are on a level near-term technical playing field. Bears'
next downside price breakout objective is pushing and
closing prices below solid technical support at $3.60.
Bulls' next upside price breakout objective is pushing and
closing prices above solid technical resistance at $3.85.
First support lies at today’s low of $3.71 1/2 and then at
$3.66. First resistance is seen at this week’s high of
$3.77 3/4 and then at $3.80. Wyckoff's Market Rating: 5.0

*. SOFTS: March sugar closed down 22 points at 19.02 cents
today. Prices closed nearer the session low again today.
The key “outside markets” were in a bearish posture for
sugar today as the U.S. dollar index was firmer and crude
oil prices were lower. Sugar bears have the solid near-term
technical advantage. Prices are in a five-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 19.26 cents and then at 19.50
cents. First support is seen at today’s low of 18.96 cents
and then at last week’s low of 18.66 cents. Wyckoff's
Market Rating: 1.0.

March coffee closed up 55 points at 153.30 cents. Prices
closed nearer the session high today and saw short tepid
covering in a bear market. Prices hit a fresh 22-month low
early on today. Prices did score a mildly bullish “outside
day” up on the daily bar chart today. The key “outside
markets” were in a bearish posture for coffee today as the
U.S. dollar index was firmer and crude oil prices were
lower. 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 160.00 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 today’s high of 154.40 cents
and then at 156.00 cents. First support is seen at 150.90
cents and then at today’s low of 149.45 cents. Wyckoff's
Market Rating: 1.5.

March cocoa closed up $8 at $2,465 a ton. Prices closed
near mid-range today and hit a fresh three-week high. Cocoa
has been supported this week due to political unrest in
leading cocoa-producing country Ivory Coast. The key
“outside markets” were in a bearish posture for cocoa today
as the U.S. dollar index was firmer and crude oil prices
were lower. Cocoa bulls and bears are back on a level near-
term technical playing field. A nine-week-old downtrend on
the daily bar chart was negated today. The next upside
price breakout objective for the cocoa bulls is to push and
close prices above solid technical resistance at the
October high of $2,531. The next downside price breakout
objective for the bears is pushing and closing prices below
solid technical support at last week’s low of $2,322. First
resistance is seen at today’s high of $2,488 and then at
$2,500. First support is seen at today’s low of $2,441 and
then at $2,425. Wyckoff's Market Rating: 5.0

March cotton closed up 98 points at 72.24 cents today.
Prices closed nearer the session high today and hit a fresh
two-week high on short covering. The key “outside markets”
were in a bearish posture for cotton today as the U.S.
dollar index was firmer and crude oil prices were lower.
Yet, cotton posted decent gains anyway, which is a bullish
clue. Cotton bears still have the 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 last week’s low of 69.79
cents. First resistance is seen at today’s high of 72.49
cents and then at 73.00 cents. First support is seen at
today’s low of 71.32 cents and then at 71.00 cents.
Wyckoff's Market Rating: 3.5.

January orange juice closed up 470 points at $1.1750 today.
Prices closed near the session high again today and hit a
fresh four-week high on more short covering and bargain
hunting. The frost season for citrus regions in the
southeastern U.S. is approaching, which is prompting
speculative buying in FCOJ. FCOJ bulls and bears are now
back on a level near-term technical playing field. The next
upside price breakout objective for the FCOJ bulls is
pushing and closing prices above technical resistance at
the October high of $1.1900. The next downside technical
breakout objective for the FCOJ bears is to produce a close
below solid technical support at $1.1000. First resistance
is seen at today’s high of $1.1800 and then at $1.1900.
First support is seen at $1.1600 and then at $1.1500.
Wyckoff's Market Rating: 5.0.

January lumber futures closed down $1.60 at $325.40 today.
Prices closed near the session low today. Bulls have the
overall near-term technical advantage, but trading has
become choppy at higher price levels. 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 $327.80 and then at today’s high of
$330.00. First support is seen at $325.00 and then at this
week’s low of $322.00. Wyckoff's Market Rating: 7.5

*. METALS: December gold futures closed down $15.40 an
ounce at $1,714.70 today. Prices closed near mid-range
today. It was a “risk-off” day in the market place today,
which negatively impacted most commodity markets, including
gold. The key “outside markets” were bearish for gold today
as the U.S. dollar index was firmer and crude oil prices
were lower. Gold bulls still have the overall near-term
technical advantage, but are fading a bit and need to show
fresh power soon. 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 today’s high of $1,727.90 and
then at last week’s high of $1,739.40. First support is
seen at today’s low of $1,704.50 and then at $1,700.00.
Wyckoff’s Market Rating: 6.0

December silver futures closed down $0.215 an ounce at
$32.665 today. Prices closed nearer the session high today.
The key “outside markets” were bearish for silver today as
the U.S. dollar index was firmer and crude oil prices were
lower. Silver still bulls have the overall 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 this week’s high of $32.93 and
then at $33.00. Next support is seen at today’s low of
$32.15 and then at $32.00. Wyckoff's Market Rating: 6.0.

December N.Y. copper closed up 120 points at 346.55 cents
today. Prices closed nearer the session high today on short
covering in a bear market. Copper bears 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 today’s high of 347.90 cents and then
at 350.00 cents. First support is seen at today’s low of
344.10 cents and then at this week’s low of 342.15 cents.
Wyckoff's Market Rating: 3.0.

*. ENERGIES: December crude oil closed down $0.79 a barrel
at $85.53 today. Prices closed near mid-range today and
scored a mildly bearish “outside day” down on the daily bar
chart. The firmer U.S. dollar index and a bearish weekly
DOE energy stock reports limited buying interest today.
However, rising tensions in the Middle East limited selling
interest. The Middle East situation bears close watching by
energy traders. 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 $86.00 and then at today’s high
of $86.83. First support is seen at today’s low of $84.68
and then at last week’s low of $84.05. Wyckoff's Market
Rating: 3.0

December heating oil closed down 183 points at $2.9699
today. Prices closed nearer the session low today. Bears
have the slight 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 $3.0160
and then at this week’s high of $3.0279. First support is
seen at $2.9500 and then at the November low of $2.9347.
Wyckoff's Market Rating: 4.5.

December (RBOB) unleaded gasoline closed up 140 points at
$2.6935 today. Prices closed nearer the session high 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 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 today’s high of
$2.7090 and then at this week’s high of $2.7468. First
support is seen at today’s low of $2.6527 and then at this
week’s low of $2.6276. Wyckoff's Market Rating: 5.0.

December natural gas closed down 5.6 cents at $3.705 today.
Prices closed nearer the session low today after hitting a
fresh three-week high early on. Prices also scored a
bearish “outside day” down on the daily bar chart 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 technical resistance at
the October high of $3.97. The next downside price breakout
objective for the bears is closing prices below solid
technical support at this week’s low of $3.47. First
resistance is seen at $3.75 and then at $3.80. First
support is seen at today’s low of $3.69 and then at $3.65.
Wyckoff's Market Rating: 5.0.

*.STOCKS, FINANCIALS, CURRENCIES: The December Euro
currency closed up 22 points at 1.2772 today. Prices closed
near mid-range again today and saw more short covering.
Prices Tuesday hit a two-month low. The Euro bears still
have the slight overall near-term technical advantage. A
four-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 1.2807 and then at 1.2850. Next support is seen at
today’s low of 1.2721 and then at 1.2700. Wyckoff's Market
Rating: 4.5

The December Japanese yen closed down 160 points at 1.2317
today. Prices closed nearer the session low today and
careened to a fresh 7.5-month low. Bears have gained the
solid overall near-term technical advantage. Prices are in
a steep two-month-old downtrend on the daily bar chart.
Bulls' next upside price breakout objective is closing
prices above solid resistance at 1.2500. Bears' next
downside breakout objective is closing prices below solid
technical support at 1.2100. First resistance is seen at
1.2350 and then at 1.2399. First support is seen at today’s
low of 1.2278 and then at 1.2250. Wyckoff's Market Rating:
2.0.

The December Swiss franc closed up 15 points at 1.0610
today. Prices closed near mid-range today and saw more
short covering. Prices Tuesday hit a two-month low. The
Swissy bears still have the overall near-term technical
advantage. Prices are in a four-week-old downtrend on the
daily bar chart. 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
1.0400. First resistance is seen at today’s high of 1.0639
and then at 1.0666. First support is seen at today’s low of
1.0571 and then at 1.0550. Wyckoff's Market Rating: 4.5.

The December Australian dollar closed down 56 points at
1.0229 today. Prices closed nearer the session low today
and hit a fresh three-week low. Bulls still have the
overall near-term technical advantage, but are now fading a
bit. A five-week-old uptrend on the daily bar chart was
negated today. Bulls' next upside price breakout objective
is closing prices above solid chart resistance at last
week’s high of 1.0446. The next downside breakout objective
for the bears is to produce a close below solid technical
support at 1.0191. First resistance is seen at today’s high
of 1.0362 and then at 1.0400. Next support is seen at
today’s low of 1.0282 and then at 1.0240. Wyckoff's Market
Rating: 6.0

The December Canadian dollar closed up 13 points at .9975
today. Prices closed nearer the session high today. Prices
on Wednesday hit a 3.5-month low. A nine-week-old downtrend
is in place on the daily bar chart. 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 this week’s high of 1.0008 and then at 1.0044. First
support is seen at this week’s low of .9951 and then at
.9900. Wyckoff's Market Rating: 3.5.

The December British pound closed down 7 points at 1.5845
today. Prices closed nearer the session low today and hit
another fresh nine-week low. Bears have the 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 1.5878 and then at this week’s high
of 1.5913 and then at 1.5950. First support is seen at
today’s low of 1.5822 and then at 1.5800. Wyckoff's Market
Rating: 4.0.

The December U.S. dollar index closed up 7 points at 81.17
today. Prices closed nearer the session high today. Prices
continue to hover 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 this week’s high of 81.32 and then at 81.50. First
support is seen at this week’s low of 80.94 and then at
80.68. Wyckoff's Market Rating: 6.0.

December U.S. T-Bonds closed up 4/32 at 152 5/32 today.
Prices closed nearer the session high again today. Prices
were supported on fresh tensions in the Middle East, among
other problems in the world. Prices this week have hit a
3.5-month high. Bulls have the solid 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 this
week’s high of 152 15/32 and then at 153 even. First
support is seen at today’s low of 151 17/32 and then at
this week’s low of 151 10/32. Wyckoff's Market Rating: 7.0.

December U.S. T Notes closed up 1.5 (32nds) at 134.03.0
today. Prices closed nearer the session 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 last
week’s high of 134.06.5 and then at 134.10.0. First support
is seen at today’s low of 133.26.0 and then at this week’s
low of 133.22.0. Wyckoff's Market Rating: 7.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
weaker again today. Bears have the near-term technical
advantage in the stock indexes. In overnight news, European
stocks were lower on fresh economic news that suggested the
European Union countries are in collective recession. Gross
domestic product in the Euro zone decreased 0.4% in the
third quarter, on an annualized basis, to mark the second
straight quarter of decline and four quarters of no growth
in the zone. The major economies of Germany and France did
show modest growth in the third quarter, which did mitigate
the overall contraction in the Euro zone. The dour EU
economic news and ongoing U.S. “fiscal cliff” worries once
again put traders and investors in a risk-averse frame of
mind Thursday. Negotiations and machinations from the U.S.
lawmakers on the fiscal cliff matter will be very closely
scrutinized and parsed in the coming few weeks. It is
likely that Democrats and Republicans will reach some form
of agreement on the matter before the end of the year—but
not without some drama in the meantime. On the geopolitical
front, Israel’s assassination of the Hamas military leader
Wednesday and Israel’s pledge to take out more Hamas
leaders has the Middle East region even more uneasy late
this week.
 
The Nasdaq stock futures index closed down 9.75 at
2,520.00. Prices closed nearer the session low today and
hit a fresh 4.5-month low. Prices are in a seven-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 June low of 2,433.75. First resistance is seen at
today’s high of 2,541.00 and then at 2,550.00. First
support is seen at today’s low of 2,512.75 and then at
2,500.00. Wyckoff's Market Rating: 3.0

The S&P 500 futures index closed down 2.50 at 1,350.50.
Prices closed near mid-range today and hit another fresh
3.5-month low. Prices are in a five-week-old downtrend on
the daily bar chart. Bulls' next upside price breakout
objective is closing prices above solid resistance at last
week’s high of 1,431.40. 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 1,365.00 and then at 1,381.70. First support is
seen at today’s low of 1,345.40 and then at 1,330.00.
Wyckoff's Market Rating: 3.0.

The Dow futures closed down 36 points at 12,508. Prices
closed near mid-range today and hit another fresh 3.5-month
low. Prices are in a five-week-old downtrend on the daily
bar chart. 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 the July low of
12,425. First resistance in the Dow lies at today’s high of
12,550 and then at 12,600. First support is seen at today’s
low of 12,465 and then at 12,425. Wyckoff's Market Rating:
3.0.

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
 

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