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Pro Farmer Tech Talk

RSS By: Jim Wyckoff, Pro Farmer

Pro Farmer technical analyst Jim Wyckoff's daily thoughts.

Jim's Afternoon Markets Report--Feb. 7

Feb 08, 2013

Thursday Evening, February 7-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: April live cattle closed up $0.10 at $131.55
today. Prices closed nearer the session high today on tepid
short covering in a bear market. The key “outside markets”
were bearish for the cattle market today as the U.S. dollar
index was sharply higher and crude oil prices were lower.
Cattle market bears have the near-term technical advantage.
Prices are in a two-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 this week’s high of $133.10. The next downside technical
breakout objective for the bears is pushing and closing
prices below solid technical support at the January low of
$129.45. First resistance is seen at $132.00 and then at
$132.50. First support is seen at today’s low of $130.85
and then at $130.50. Wyckoff's Market Rating: 4.0

March feeder cattle closed down $0.37 at $147.17 today.
Prices closed near mid-range today hit another fresh two-
week low. The feeder bears have the 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 $149.65. The
next downside price breakout objective for the bears is to
push and close prices below solid technical support at the
November low of $146.85. First resistance is seen at
$147.50 and then at $148.00. First support is seen at
today’s low of $146.97 and then at 146.50. Wyckoff's Market
Rating: 4.0

April lean hogs closed up $0.35 at $86.60 today. Prices
closed near the session high today and did hit another
fresh four-month low early on. The key “outside markets”
were bearish for the hog market today as the U.S. dollar
index was sharply higher and crude oil prices were lower.
The hog bears have the overall near-term technical
advantage. A choppy 2.5-month-old downtrend is in place 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 $88.50. The next downside
price breakout objective for the bears is pushing prices
below solid technical support at the September low of
$84.07. First resistance is seen at $86.90 and then at
$87.50. First support is seen at today’s low of $85.80 and
then at $85.25. Wyckoff's Market Rating: 4.0

*. GRAINS: March corn futures last traded down 9 cents at
$7.13 1/2 today in late trading. Prices were nearer the
session low and hit a fresh three-week low today. The key
“outside markets” were bearish for the corn market today as
the U.S. dollar index was sharply higher and crude oil
prices were lower. Bulls have faded badly this week. Bulls
are worried the seasonal “February Break” phenomenon may be
setting in. Traders are also awaiting Friday’s monthly USDA
supply and demand report. That report is not expected to be
bullish. Corn bears have the near-term technical advantage.
Corn bulls' next upside price objective is to push and
close prices above solid technical resistance at $7.35. The
next downside price breakout objective for the bears is
pushing and closing prices below psychological support at
$7.00. First resistance for March corn is seen at $7.20 and
then at $7.25. First support is seen at today’s low of
$7.12 and then at $7.05. Wyckoff's Market Rating: 4.0

March soybeans were down 1/2 cent at $14.87 a bushel in
late trading today. Prices were near mid-range. The key
“outside markets” were bearish for the soybean market today
as the U.S. dollar index was sharply higher and crude oil
prices were lower. Traders are awaiting Friday’s monthly
USDA supply and demand report. Bean bulls still have the
slight near-term technical advantage. The next near-term
upside technical breakout objective for the soybean bulls
is pushing and closing prices above 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 $14.15. First
resistance is seen at $15.00 and then at $15.08. First
support is seen at this week’s low of $14.75 1/2 and then
at $14.63 3/4. Wyckoff's Market Rating: 5.5.

March soybean meal was up $1.40 at $438.50 today in late
trading. Prices were nearer the session high and hit
another fresh six-week high today. Bulls 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 $450.00. The next downside price
breakout objective for the bears is pushing and closing
prices below solid technical support at $420.00. First
resistance comes in at today’s high of $441.00 and then at
$445.00. First support is seen at $435.00 and then at
$431.80. Wyckoff's Market Rating: 6.0

March bean oil was down 58 points at 51.87 cents in late
trading today. Prices were near the session low and saw
more profit taking. The key “outside markets” were bearish
for the bean oil market today as the U.S. dollar index was
sharply higher and crude oil prices were lower. Bean oil
still bulls have the slight near-term technical advantage
but are fading and need to show fresh power soon. A six-
week-old uptrend is still in place on the daily bar chart.
The next upside price breakout objective for the bean oil
bulls is pushing and closing prices above solid technical
resistance at last week’s high of 53.57 cents. Bean oil
bears' next downside technical price breakout objective is
pushing and closing prices below technical support at last
week’s low of 51.60 cents. First resistance is seen at
52.00 cents and then at today’s high of 52.29 cents. First
support is seen at today’s low of 51.81 cents and then at
51.60 cents. Wyckoff's Market Rating: 5.5

March Chicago SRW wheat was down 3 1/2 cents at $7.58 in
late trading today. Prices were near mid-range. The key
“outside markets” were bearish for the wheat market today
as the U.S. dollar index was sharply higher and crude oil
prices were lower. Wheat bears have the overall near-term
technical advantage. Traders are awaiting Friday morning’s
monthly USDA supply and demand report. Wheat bulls’ next
upside breakout objective is to push and close Chicago SRW
prices above solid technical resistance at $8.00 a bushel.
The next downside price breakout objective for the wheat
futures bears is pushing and closing prices below solid
technical support at the January low of $7.36 1/4. First
resistance is seen at today’s high of $7.64 1/2 and then at
this week’s high of $7.74. First support lies at $7.50 and
then at this week’s low of $7.46 1/2. Wyckoff's Market
Rating: 3.0.

March K.C. HRW wheat was down 4 cents at $8.05 3/4 in late
trading today. Prices were near mid-range. HRW bears have
the overall near-term technical advantage. Bulls’ next
upside price breakout objective is pushing and closing
prices above solid technical resistance at the January high
of $8.52. The bears' next downside breakout objective is
pushing and closing prices below solid technical support at
the January low of $7.85 1/4. First resistance is seen at
$8.19 3/4 and then at this week’s high of $8.29 3/4. First
support is seen at $8.00 and then at $7.85 1/4. Wyckoff's
Market Rating: 3.0

March oats were up 1 3/4 cents at $3.79 1/2 in late trading
today. Prices were nearer the session high today and hit
another fresh six-week high. Oats bulls have the near-term
technical advantage and have gained good upside momentum
this week. Bears' next downside price breakout objective is
pushing and closing prices below solid technical support at
this week’s low of $3.57 1/4. Bulls' next upside price
breakout objective is pushing and closing prices above
solid technical resistance at $3.90. First support lies at
$3.75 and then at today’s low of $3.73 1/4. First
resistance is seen at today’s high of $3.82 and then at
$3.85. Wyckoff's Market Rating: 6.0

*. SOFTS: March sugar closed down 4 points at 18.15 cents
today. Prices closed nearer the session low again today and
hit another fresh two-week low. The key “outside markets”
were bearish for the sugar market today as the U.S. dollar
index was sharply higher and crude oil prices were lower.
The sugar bears have the solid overall near-term technical
advantage. Prices are hovering near a 25-month low. Bulls'
next upside price breakout objective is to push and close
prices above solid technical resistance at 19.19 cents.
Bears' next downside price breakout objective is to push
and close prices below solid technical support at the
January low of 18.06 cents. First resistance is seen at
today’s high of 18.32 cents and then at 18.50 cents. First
support is seen at today’s low of 18.12 cents and then at
18.06 cents. Wyckoff's Market Rating: 1.0.

March coffee closed down 190 points at 140.20 cents today.
Prices closed nearer the session low today and hit a fresh
contract low. The key “outside markets” were bearish for
the coffee market today as the U.S. dollar index was
sharply higher and crude oil prices were lower. The coffee
bears have the solid overall near-term technical advantage.
The next upside breakout objective for the bulls is to
close prices above solid technical resistance at last
week’s high of 150.80 cents. The next downside price
breakout objective for the bears is closing prices below
solid technical support at 130.00 cents a pound. First
resistance is seen at 142.50 cents and then at today’s high
of 143.30 cents. First support is seen at today’s contract
low of 139.65 cents and then at 137.50 cents. Wyckoff's
Market Rating: 1.0.

March cocoa closed up $20 at $2,243 a ton. Prices closed
near mid-range today on short covering and did hit a fresh
three-week high. The cocoa bears still have the overall
near-term technical advantage. Prices are still in a nine-
week-old downtrend on the daily bar chart. The next upside
price breakout objective for the cocoa bulls is to push and
close prices above solid technical resistance at the
January high of $2,313. The next downside price breakout
objective for the bears is pushing and closing prices below
solid technical support at the January low of $2,155. First
resistance is seen at today’s high of $2,265 and then at
$2,280. First support is seen at today’s low of $2,214 and
then at $2,200. Wyckoff's Market Rating: 3.0

March cotton closed down 33 points at 81.39 cents today.
Prices closed near mid-range today. The key “outside
markets” were bearish for the cotton market today as the
U.S. dollar index was sharply higher and crude oil prices
were lower. The cotton bulls still have the overall near-
term technical advantage. Traders are awaiting Friday’s
USDA supply and demand report. The next upside price
breakout objective for the bulls is to produce a close
above solid technical resistance at the January high of
84.00 cents. The next downside price breakout objective for
the cotton bears is to push and close prices below solid
technical support at 77.00 cents. First resistance is seen
at today’s high of 82.13 cents and then at this week’s high
of 82.90 cents. First support is seen at today’s low of
80.60 cents and then at 80.00 cents. Wyckoff's Market
Rating: 7.0.

March orange juice closed up 100 points at $1.2100 today.
Prices closed near mid-range today. FCOJ bulls have the
slight near-term technical advantage. Traders are awaiting
Friday morning’s USDA monthly supply and demand report. The
next upside price breakout objective for the FCOJ bulls is
pushing and closing prices above technical resistance at
$1.2500. The next downside technical breakout objective for
the FCOJ bears is to produce a close below solid technical
support at $1.1250. First resistance is seen at today’s
high of $1.2290 and then at this week’s high of $1.2395.
First support is seen at today’s low of $1.1930 and then at
$1.1800. Wyckoff's Market Rating: 5.5.

March lumber futures closed down $6.20 at $382.80 today.
Profit taking was featured today. Bulls still have upside
near-term technical momentum to suggest that new for-the-
move highs are in the offing. The next downside technical
breakout objective for the lumber bears is pushing and
closing prices below solid technical support at $370.00.
The next upside price breakout objective for the bulls is
pushing and closing prices above solid technical resistance
at the December contract high of $397.00. First resistance
is seen at today’s high of $385.50 and then at this week’s
high of $389.00. First support is seen at $380.00 and then
at $377.50. Wyckoff's Market Rating: 7.5

*. METALS: April gold futures closed down $7.40 an ounce at
$1,671.40 today. Prices closed near mid-range in a very
choppy trading day. Prices also scored a bearish “outside
day” down on the daily bar chart. The key outside markets
were in a bearish posture for the gold market today as the
U.S. dollar index was sharply higher and crude oil prices
were lower. Bulls and bears are still on a level near-term
technical playing field. The gold bulls’ next upside price
breakout objective is to produce a close above solid
technical resistance at $1,700.00. Bears' next near-term
downside breakout price objective is closing prices below
solid technical support at last week’s low of $1,653.20.
First resistance is seen at $1,675.00 and then at this
week’s high of $1,687.00. First support is seen at today’s
low of $1,663.40 and then at this week’s low of $1,661.80.
Wyckoff’s Market Rating: 5.0

March silver futures closed down $0.457 an ounce at $31.42
today. Prices closed nearer the session low today and
scored a bearish “outside day” down on the daily bar chart.
The key outside markets were in a bearish posture for the
silver market today as the U.S. dollar index was sharply
higher and crude oil prices were lower. Bulls and bears are
now back on a level near-term technical playing field.
Bulls’ next upside price breakout objective is closing
prices above solid technical resistance at the January high
of $32.485 an ounce. The next downside price breakout
objective for the bears is closing prices below solid
technical support at last week’s low of $30.745. First
resistance is seen at $31.60 and then at today’s high of
$31.935. Next support is seen at today’s low of $31.295 and
then at $31.00. Wyckoff's Market Rating: 5.0.

March N.Y. copper closed down 140 points at 372.70 cents
today. Prices closed nearer the session low today. The key
outside markets were in a bearish posture for the copper
market today as the U.S. dollar index was sharply higher
and crude oil prices were lower. Copper bulls still have
the overall near-term technical advantage. Prices are in a
choppy three-month-old uptrend on the daily bar chart.
Copper bulls' next upside breakout objective is pushing and
closing prices above solid technical resistance at the
September high of 384.80 cents. The next downside price
breakout objective for the bears is closing prices below
solid technical support at of 364.05 cents. First
resistance is seen at 375.00 cents and then at this week’s
high of 379.25 cents. First support is seen at today’s low
of 372.10 cents and then at 370.00 cents. Wyckoff's Market
Rating: 6.0.

*. ENERGIES: March crude oil closed down $0.81 a barrel at
$95.80 today. Prices closed nearer the session low on
profit taking. A sharply higher U.S. dollar index was also
bearish for the crude oil market today. The crude bulls
still have the overall near-term technical advantage.
Prices are in a two-month-old uptrend on the daily bar
chart. The next near-term upside price breakout objective
for the crude oil bulls is producing a close above major
psychological resistance at $100.00 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 $94.00. First resistance is seen at $96.50 and
then at $97.00. First support is seen at today’s low of
$95.54 and then at $95.00. Wyckoff's Market Rating: 6.0

March heating oil closed up 154 points at $3.2012 today.
Prices closed near mid-range today and hit a fresh 10-month
high. Bulls have the solid near-term technical advantage. A
two-month-old uptrend is in place on the daily bar chart.
The bulls' next upside price breakout objective is closing
prices above solid technical resistance at $3.2500. Bears'
next downside price breakout objective is producing a close
below solid technical support at $3.1000. First resistance
lies at today’s high of $3.2122 and then at $3.2250. First
support is seen at today’s low of $3.1840 and then at
$3.1623. Wyckoff's Market Rating: 8.0.

March (RBOB) unleaded gasoline closed down 317 points at
$3.0088 today. Prices closed nearer the session low today
after hitting a fresh contract high early on. Price action
today also scored a bearish “outside day” down on the daily
bar chart. If there is follow-through selling pressure and
a lower close on Friday then a bearish “key reversal” down
would be confirmed on the daily bar chart, which would be
an early technical clue that a market top is in place. But
right now the gasoline bulls have the solid overall near-
term technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
technical resistance at $3.10. Bears' next downside price
breakout objective is closing prices below solid support at
$2.8750. First resistance is seen at $3.0400 and then at
today’s contract high of $3.0698. First support is seen at
today’s low of $2.9825 and then at $2.9626. Wyckoff's
Market Rating: 7.0.

March natural gas closed down 12.7 cents at $3.291 today.
Prices closed near the session low today and were pressured
by a bearish weekly nat gas storage report. Nat gas bears
have the overall near-term technical advantage. The next
upside price breakout objective for the bulls is closing
prices above solid technical resistance at this week’s high
of $3.459. The next downside price breakout objective for
the bears is closing prices below solid technical support
at the January low of $3.10. First resistance is seen at
$3.35 and then at $3.40. First support is seen at today’s
low of $3.282 and then at $3.232. Wyckoff's Market Rating:
2.5.

*.STOCKS, FINANCIALS, CURRENCIES: The March Euro currency
closed down 127 points at 1.3402 today. Prices closed
nearer the session low and hit a fresh two-week low today.
Heavy profit taking was featured and no chart damage
occurred today. However, the bulls do not want to see
follow-through selling pressure and a bearish weekly low
close on Friday. Bulls still have the overall near-term
technical advantage. Prices are still in an 11-week-old
uptrend on the daily bar chart. Euro bulls' next upside
price breakout objective is pushing and closing prices
above solid technical resistance at last week’s high of
1.3715. The next downside price breakout objective for the
bears is closing prices below solid chart support at
1.3250. First resistance for the Euro lies at 1.3450 and
then at 1.3500. Next support is seen at today’s low of
1.3374 and then at 1.3325. Wyckoff's Market Rating: 7.0

The March Japanese yen closed down 13 points at 1.0698
today. Prices closed near mid-range today and saw tepid
short covering in a bear market. Prices Wednesday hit a
contract low. Bears still have the solid overall near-term
technical advantage. Prices are in a steep four-month-old
downtrend on the daily bar chart. There are still no early
clues of a market bottom being close at hand. Bulls' next
upside price breakout objective is closing prices above
solid resistance at 1.1100. Bears' next downside breakout
objective is closing prices below solid technical support
at 1.0500. First resistance is seen at 1.0800 and then at
this week’s high of 1.0866. First support is seen at the
contract low of 1.0633 and then at 1.0600. Wyckoff's Market
Rating: 1.0.

The March Swiss franc closed down 101 points at 1.0899
today. Prices closed nearer the session low today on profit
taking. Prices hit a fresh two-week low. No chart damage
occurred today. However, the bulls do not want to see
follow-through selling pressure and a bearish weekly low
close on Friday. The Swissy bulls still have the near-term
technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
resistance at 1.1200. The next downside price breakout
objective for the bears is closing prices below solid
technical support at 1.0800. First resistance is seen at
1.0950 and then at 1.1000. First support is seen at today’s
low of 1.0872 and then at 1.0850. Wyckoff's Market Rating:
7.0.

The March Australian dollar closed down 33 points at 1.0252
today. Prices closed nearer the session low today and hit
another fresh 2.5-month low. Bulls have faded but still
have the slight overall near-term technical advantage.
However, they need to show fresh power soon to keep it.
Bulls' next upside price breakout objective is closing
prices above solid chart resistance at this week’s high of
1.0435. The next downside breakout objective for the bears
is to produce a close below solid technical support at
1.0200. First resistance is seen at today’s high of 1.0309
and then at 1.0369. Next support is seen at today’s low of
1.0244 and then at 1.0200. Wyckoff's Market Rating: 5.5

The March Canadian dollar closed down 19 points at 1.0011
today. Prices closed nearer the session low today after
hitting a fresh two-week high early on. Prices today 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. Bulls' next upside price breakout objective
is producing a close above chart resistance at 1.0100. The
next downside price breakout objective for the bears is
closing prices below solid technical support at the January
low of .9889. First resistance is seen at 1.0042 and then
at today’s high of 1.0059. First support is seen at this
week’s low of .9995 and then at .9950. Wyckoff's Market
Rating: 5.0.

The March British pound closed up 47 points at 1.5710
today. Prices closed near mid-range today on short
covering. Prices Tuesday hit a 5.5-month low. 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 technical resistance at 1.5900.
Bears' next downside technical breakout objective is
closing prices below solid support at 1.5500. First
resistance is seen at today’s high of 1.5767 and then at
this week’s high of 1.5802. First support is seen at this
week’s low of 1.5627 and then at 1.5600. Wyckoff's Market
Rating: 3.0.

The March U.S. dollar index closed up 50 points at 80.27
today. Prices closed nearer the session high today and hit
a fresh four-week high on heavy short covering. The bears
still have the overall near-term technical advantage.
However, the dollar index bulls are having a very good
week. Bulls' next upside price breakout objective is to
close prices above solid technical resistance at the
January high of 80.99. The next downside price breakout
objective for the bears is to produce a close below solid
technical support at 79.40. Next resistance lies at today’s
high of 80.34 and then at 80.50. First support is seen at
80.00 and then at 79.75. Wyckoff's Market Rating: 3.5.

March U.S. T-Bonds closed up 2/32 at 143 19/32 today.
Prices closed near mid-range today on tepid short covering
in a bear market. T-Bond bears have the solid overall near-
term technical advantage. The next downside price breakout
objective for the T-Bond bears is closing prices below
solid technical support at 142 even. The next upside
technical objective for the bulls is to produce a close
above solid technical resistance at the January high of 146
17/32. First resistance is seen at 143 28/32 and then at
today’s high of 144 6/32. First support is seen at today’s
low of 143 2/32 and then at 142 21/32. Wyckoff's Market
Rating: 1.5.

March U.S. T Notes closed up 2.5 (32nds) at 131.22.0 today.
Prices closed near mid-range today on tepid short covering
in a bear market. Bears still have the overall near-term
technical advantage. The next upside price breakout
objective for the bulls is closing prices above solid
resistance at the January high of 132.17.5. The next
downside price breakout objective for the bears is
producing a close below solid technical support at the
September low of 130.10.5. First resistance is seen at last
week’s high of 131.26.5 and then at today’s high of
131.29.5. First support is seen at today’s low of 131.12.0
and then at 131.07.5. Wyckoff's Market Rating: 3.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
weaker today and saw some more mild profit taking. Bulls
have the overall near-term technical advantage as the
indexes are not far from their recent highs. U.S. economic
data today failed to move the markets much. On Friday China
will issue a fresh batch of economic data, including
inflation and trade balance reports. The market place will
very closely scrutinize that data coming out of China. Next
week, China will be on holiday for the Lunar New Year.

The Nasdaq stock futures index closed up 5.00 at 2,742.25
today. Prices closed nearer the session high today. Bulls
have the near-term technical advantage amid recent choppy
trading. 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 2,675.00. First
resistance is seen at today’s high of 2,748.75 and then at
last week’s high of 2,764.00 and then at the January high
of 2,768.75. First support is seen at 2,725.00 and then at
this week’s low of 2,709.00. Wyckoff's Market Rating: 6.0

The S&P 500 futures index closed down 1.50 at 1,505.30.
Prices closed nearer the daily high and poked to a fresh
five-year high today. Bulls have the solid near-term
technical advantage. Bulls' next upside price breakout
objective is closing prices above solid resistance at
1,525.00. The next downside price breakout objective for
the bears is closing prices below solid support at
1,457.00. First resistance is seen at today’s high of
1,510.90 and then at 1,520.00. First support is seen at
this week’s low of 1,490.50 and then at 1,475.10. Wyckoff's
Market Rating: 7.5.

The Dow futures closed down 30 points at 13,898. Prices
closed nearer the session high today. Bulls have the solid
near-term technical advantage. The next upside price
objective for the bulls is closing prices above solid
technical resistance at 14,000. The next downside price
objective for the bears is closing prices below solid
technical support at 13,500. First resistance in the Dow
lies at last week’s high of 13,960 and then at 14,000.
First support is seen at today’s low of 13,805 and then at
13,750. 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
 

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