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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--Mar 27

Mar 28, 2013

Wednesday Evening, March 27-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 up $1.82 at $122.97
today. Prices closed near the session high today and hit a
fresh two-week high on short covering and some bargain
hunting. Good follow-through buying interest and a weekly
high close on Thursday would begin to hint that a market
bottom is in place. But right now cattle futures bears have
the overall near-term technical advantage. The bulls' next
upside price breakout objective is to push and close prices
above solid technical resistance at $123.60. The next
downside technical breakout objective for the bears is
pushing and closing prices below solid technical support at
the contract low of $120.20. First resistance is seen at
today’s high of $123.00 and then at $123.60. First support
is seen at $122.67 and then at $122.00. Wyckoff's Market
Rating: 2.5

May feeder cattle closed up $1.60 at $142.07 today. Prices
closed near the session high today and the market saw heavy
short covering and bargain hunting. The recent "collapse in
volatility" in the feeder cattle market made me suspect a
bigger price move was on the horizon, and we got it today.
The feeder bears still have the overall 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 $144.00. The next downside price
breakout objective for the bears is to push and close
prices below solid technical support at the contract low of
$138.90. First resistance is seen at $142.50 and then at
$143.00. First support is seen at $141.50 and then at
$141.00. Wyckoff's Market Rating: 2.5

June lean hogs closed down $0.40 at $90.67 today. Prices
closed near the session high today. While the hog bears
still have the overall near-term technical advantage, the
June hog bulls have gained some upside technical momentum
to begin to suggest that a market bottom is in place.
However, the bulls have more work to do to suggest prices
can sustain an uptrend. The next upside price breakout
objective for the hog bulls is to push and close prices
above solid chart resistance at the March high of $92.12.
The next downside price breakout objective for the bears is
pushing prices below solid technical support at the
contract low of $87.20. First resistance is seen at this
week’s high of $91.35 and then at $92.12. First support is
seen at $90.00 and then at today’s low of $89.75. Wyckoff's
Market Rating: 3.0

*. GRAINS: May corn futures closed up 4 1/2 cents at $7.34
3/4 Wednesday. Prices closed nearer the session high and
hit a fresh two-month high. Bulls gained more upside
technical momentum Wednesday as a three-week-old uptrend is
in place on the daily bar chart. Traders are awaiting
Thursday morning’s USDA prospective plantings report and
USDA quarterly grain stocks report. The plantings report is
one of the most important USDA reports of the year for the
grain markets. Some of the gains in corn Wednesday were
likely due to the fact that recent planting intentions and
quarterly stocks reports have produced limit daily price
moves in corn. Corn bulls have the near-term technical
advantage. Corn bulls' next upside price objective is to
push and close prices above solid technical resistance at
the February high of $7.47 1/2. The next downside price
breakout objective for the bears is pushing and closing
prices below solid technical support at last week’s low of
$7.10. First resistance for May corn is seen at Wednesday’s
high of $7.37 3/4 and then at $7.40. First support is seen
at Wednesday’s low of $7.27 3/4 and then at this week’s low
of $7.21 1/2. Wyckoff's Market Rating: 6.0

May soybeans closed up 5 cents at $14.52 3/4 a bushel
Wednesday. Prices closed nearer the session high and hit a
fresh two-week high. More Short covering and position
evening was featured. Traders are awaiting Thursday
morning’s USDA prospective plantings report and USDA
quarterly grain stocks report. The plantings report is one
of the most important USDA reports of the year for the
grain markets. Look for higher daily price volatility
Thursday, in the wake of the USDA data. Soybean bulls and
bears are on a level near-term technical playing field. The
next near-term upside technical breakout objective for the
soybean bulls is pushing and closing prices above solid
technical resistance at the March high of $14.84 3/4 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 Wednesday’s
high of $14.57 3/4 and then at $14.70. First support is
seen at Wednesday’s low of $14.43 1/2 and then at this
week’s low of $14.30 1/2. Wyckoff's Market Rating: 5.0.

May soybean meal closed up $2.70 at $422.90 Wednesday.
Prices closed nearer the session high and hit a fresh two-
week high. The bulls and bears are on a level near-term
technical playing field. The next upside price breakout
objective for the bulls is to produce a close above solid
technical resistance at $430.00. The next downside price
breakout objective for the bears is pushing and closing
prices below solid technical support at the February low of
$402.10. First resistance comes in at Wednesday’s high of
$424.40 and then at $427.50. First support is seen at
$420.00 and then at Wednesday’s low of $419.00. Wyckoff's
Market Rating: 5.0

May bean oil closed up 3 points at 50.85 cents Wednesday.
Prices closed near mid-range and hit another fresh four-
week high on more short covering. Bean oil bulls have
gained upside technical momentum this week and are on a
level near-term technical playing field with the bears. The
next upside price breakout objective for the bean oil bulls
is pushing and closing prices above solid technical
resistance at 52.00 cents. Bean oil bears' next downside
technical price breakout objective is pushing and closing
prices below solid technical support at 50.00 cents. First
resistance is seen at Wednesday’s high of 51.03 cents and
then at 51.25 cents. First support is seen at Wednesday’s
low of 50.60 cents and then at this week’s low of 50.21
cents. Wyckoff's Market Rating: 5.0

May Chicago SRW wheat closed up 4 1/4 cents at $7.35 3/4
Wednesday. Prices closed nearer the session high and hit a
fresh five-week high on short covering and bargain hunting.
Traders are awaiting Thursday morning’s USDA prospective
plantings report and USDA quarterly grain stocks report.
The plantings report is one of the most important USDA
reports of the year for the grain markets. While the wheat
bears still have the overall near-term technical advantage,
the bulls have gained upside near-term momentum recently,
to begin to suggest a market low is in place. Wheat bulls’
next upside breakout objective is to push and close Chicago
SRW prices above solid technical resistance at $7.50 a
bushel. The next downside price breakout objective for the
wheat futures bears is pushing and closing prices below
solid technical support at $7.00. First resistance is seen
at Wednesday’s high of $7.40 3/4 and then at $7.50. First
support lies at this week’s low of $7.22 1/2 and then at
$7.15 1/2. Wyckoff's Market Rating: 3.0.

May HRW wheat closed up 4 3/4 cents at $7.73 1/4 Wednesday.
Prices closed nearer the session high and hit a fresh five-
week high. Short covering and bargain hunting was featured.
HRW bears have the overall near-term technical advantage.
However, the bulls have gained upside near-term technical
momentum recently. Bulls’ next upside price breakout
objective is pushing and closing prices above solid
technical resistance at $8.00. The bears' next downside
breakout objective is pushing and closing prices below
solid technical support at the March low of $7.23. First
resistance is seen at Wednesday’s high of $7.78 1/2 and
then at $7.90. First support is seen at Wednesday’s low of
$7.64 1/4 and then at this week’s low of $7.55 1/2.
Wyckoff's Market Rating: 3.0

May oats closed up 12 3/4 cents at $4.12 1/2 Wednesday.
Prices closed nearer the session high and hit a fresh
contract high. History shows oats can lead the bigger
grains on price moves. Ahead of the key USDA data on
Thursday, one has to wonder if that data will be
significantly bullish, judging by what oats prices did
Wednesday. Oats bulls have the solid overall near-term
technical advantage and gained more power today. Bears'
next downside price breakout objective is pushing and
closing prices below solid technical support at $4.00.
Bulls' next upside price breakout objective is pushing and
closing prices above solid technical resistance at $4.25.
First support lies at $4.10 and then at $4.05. First
resistance is seen at the new contract high of $4.14 3/4
and then at $4.20. Wyckoff's Market Rating: 8.5

*. SOFTS: May sugar closed up 14 points at 17.92 cents
today. Prices closed nearer the session high today on short
covering in a bear market and did hit a fresh six-week low
early on. The sugar bears have the solid overall near-term
technical advantage. Bulls' next upside price breakout
objective is to push and close prices above solid technical
resistance at last week’s high of 18.73 cents. Bears' next
downside price breakout objective is to push and close
prices below solid technical support at the February low of
17.67 cents. First resistance is seen at 18.01 cents and
then at this week’s high of 18.22 cents. First support is
seen at today’s low of 17.75 cents and then at 17.67 cents.
Wyckoff's Market Rating: 1.5.

May coffee closed down 100 points at 136.60 cents today.
Prices closed near mid-range today. 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 140.00 cents. The next
downside price breakout objective for the bears is closing
prices below solid technical support at the contract low of
132.05 cents a pound. First resistance is seen at this
week’s high of 138.80 cents and then at 140.00 cents. First
support is seen 135.00 cents and then at this week’s low of
134.65 cents. Wyckoff's Market Rating: 1.5.

May cocoa closed down $2 at $2,144 a ton. Prices closed
near mid-range again today. The cocoa bears have the
overall near-term technical advantage. The next upside
price breakout objective for the cocoa bulls is to push and
close prices above solid technical resistance at $2,200.
The next downside price breakout objective for the bears is
pushing and closing prices below solid technical support at
last week’s low of $2,075. First resistance is seen at
$2,171 and then at last week’s high of $2,186. First
support is seen at this week’s low of $2,124 and then at
$2,100. Wyckoff's Market Rating: 2.5

May cotton closed up 49 points at 88.53 cents today. Prices
closed near the session high today. The cotton bulls have
the overall near-term technical advantage. The next upside
price breakout objective for the bulls is to produce a
close above solid technical resistance at 90.00 cents. The
next downside price breakout objective for the cotton bears
is to push and close prices below solid technical support
at 85.59 cents. First resistance is seen at 88.88 cents and
then at 90.00 cents. First support is seen at 88.00 cents
and then at today’s low of 87.13 cents. Wyckoff's Market
Rating: 6.5.

May orange juice closed down 175 points at $1.3720 today.
Prices closed nearer the session low today on profit
taking. The FCOJ bulls still have the overall near-term
technical advantage. Prices are still in a 2.5-month-old
uptrend on the daily bar chart. The next upside price
breakout objective for the FCOJ bulls is pushing and
closing prices above technical resistance at the March high
of $1.4030. The next downside technical breakout objective
for the FCOJ bears is to produce a close below solid
technical support at $1.3200. First resistance is seen at
today’s high of $1.3020 and then at $1.4030. First support
is seen at today’s low of $1.3655 and then at $1.3500.
Wyckoff's Market Rating: 6.5.

May lumber futures closed down $0.30 at $381.20 today.
Prices closed nearer the session low today. Bulls 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 late-February low of $372.50. The next upside price
breakout objective for the bulls is pushing and closing
prices above solid technical resistance at $395.00. First
resistance is seen at this week’s high of $387.00 and then
at $390.00. First support is seen at last week’s low of
$379.50 and then at $377.50. Wyckoff's Market Rating: 6.0

*. METALS: April gold futures closed up $10.60 an ounce at
$1,606.30 today. Prices closed nearer the session high
today and scored a bullish "outside day" up on the daily
bar chart—whereby the daily high is higher low is lower
than the previous day’s trading range, with a higher close.
Safe-haven buying interest and short covering were featured
today. The gold bears still have the slight overall near-
term technical advantage. The gold bulls’ next upside near-
term price breakout objective is to produce a close above
solid technical resistance at last week’s high of
$1,616.50. Bears' next near-term downside breakout price
objective is closing prices below solid technical support
at $1,575.00. First resistance is seen at this week’s high
of $1,612.80 and then at $1,616,50. First support is seen
at $1,600.00 and then at today’s low of $1,590.30.
Wyckoff’s Market Rating: 4.5

May silver futures closed up $0.026 an ounce at $28.705
today. Prices closed nearer the session high today and made
a very good recovery from the session low that saw prices
hit a fresh four-week low. Silver bears have the overall
near-term technical advantage. Prices have been trading
sideways for the past few weeks as the bulls have
stabilized the market. This sideways trading could also be
"basing" action that can put in market lows and occurs just
before an uptrend begins. Bulls’ next upside price breakout
objective is closing prices above solid technical
resistance at $29.495 an ounce. The next downside price
breakout objective for the bears is closing prices below
solid technical support at the March low of $27.925. First
resistance is seen at this week’s high of $28.89 and then
at $29.00. Next support is seen at $28.46 and then at
today’s low of $28.08. Wyckoff's Market Rating: 4.0.

May N.Y. copper closed up 120 points at 345.45 cents today.
Prices closed nearer the session high today on short
covering. A bearish symmetrical triangle pattern has formed
on the daily bar chart. Copper bears have the overall near-
term technical advantage. Copper bulls' next upside
breakout objective is pushing and closing prices above
solid technical resistance at last week’s high of 351.00
cents. The next downside price breakout objective for the
bears is closing prices below solid technical support at
the August 2012 low of 332.00 cents. First resistance is
seen at this week’s high of 348.65 cents and then at 350.00
cents. First support is seen at today’s low of 342.45 cents
and then at 340.00 cents. Wyckoff's Market Rating: 3.0.

*. ENERGIES: May crude oil closed up $0.19 at $96.53 today.
Prices closed nearer the session high and hit another fresh
five-week high today. Crude has rallied this week despite a
stronger U.S. dollar index, and that’s a bullish clue for
crude. Crude oil bulls have the near-term technical
advantage. The next near-term upside price breakout
objective for the crude oil bulls is producing a close
solid chart resistance at $98.00 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 this week’s low of $93.70. First resistance is seen at
today’s high of $96.84 and then at $97.50. First support is
seen at $96.00 and then at today’s low of $95.58. Wyckoff's
Market Rating: 6.0

May heating oil closed up 384 points at $3.0372 today.
Prices closed near the session high again today on short
covering and bargain hunting. Bears still have the near-
term technical advantage. The bulls' next upside price
breakout objective is closing prices above solid technical
resistance at the March high of $3.1026. Bears' next
downside price breakout objective is producing a close
below solid technical support at the March low of $2.9551.
First resistance lies at today’s high of $3.0406 and then
at $3.0600. First support is seen at $3.0200 and then at
$3.0000. Wyckoff's Market Rating: 4.0.

May (RBOB) unleaded gasoline closed up 105 points at
$3.1130 today. Prices closed nearer the session high today.
The gasoline bulls and bears are on a level near-term
technical playing field. Prices are still in a six-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 $3.1750. Bears' next downside
price breakout objective is closing prices below solid
support at the March low of $3.0151. First resistance is
seen at $3.1250 and then at $3.1500. First support is seen
at $3.0750 and then at $3.0500. Wyckoff's Market Rating:
5.0.

May natural gas closed up 9.6 cents at $4.086 today. Prices
closed near the session high today and hit a fresh 15-month
high. Cold weather over much of the U.S. is bullish for nat
gas. Nat gas bulls have the near-term technical advantage.
Prices are in a steep six-week-old uptrend on the daily bar
chart. The next upside price breakout objective for the
bulls is closing prices above solid technical resistance at
$4.20. The next downside price breakout objective for the
bears is closing prices below solid technical support at
this week’s low of $3.885. First resistance is seen at
today’s high of $4.103 and then at $4.15. First support is
seen at $4.00 and then at $3.95. Wyckoff's Market Rating:
7.5.

*.STOCKS, FINANCIALS, CURRENCIES: The June Euro currency
closed down 85 points at 1.2780 today. Prices closed nearer
the session low today and hit a fresh 4.5-month low. The
Euro bears have the overall near-term technical advantage.
A two-month-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 this week’s high of 1.3094. The next downside price
breakout objective for the bears is closing prices below
solid chart support at 1.2700. First resistance for the
Euro lies at 1.2800 and then at today’s high of 1.2874.
Next support is seen at today’s low of 1.2758 and then at
1.2700. Wyckoff's Market Rating: 3.0

The June Japanese yen closed up 8 points at 1.0596 today.
Prices closed near mid-range today. Bears have the solid
overall near-term technical advantage. Bulls' next upside
price breakout objective is closing prices above solid
resistance at 1.0900. Bears' next downside breakout
objective is closing prices below solid technical support
at the contract low of 1.0345. First resistance is seen at
this week’s high of 1.0698 and then at 1.0750. First
support is seen at this week’s low of 1.0536 and then at
1.0500. Wyckoff's Market Rating: 2.0.

The June Swiss franc closed down 65 points at 1.0491 today.
Prices closed nearer the session low today and closed at a
fresh seven-month low close. The Swissy bears have the
solid near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid resistance at this week’s high of 1.0738. The next
downside price breakout objective for the bears is closing
prices below solid technical support at 1.0300. First
resistance is seen at 1.0550 and then at 1.0600. First
support is seen at the March low of 1.0463 and then at
1.0400. Wyckoff's Market Rating: 3.0.

The June Australian dollar closed down 42 points at 1.0383
today. Prices closed near mid-range today and saw profit
taking from recent gains. Pries Tuesday hit a two-month
high. Bulls still have the solid near-term technical
advantage. Prices are in a steep three-week-old uptrend on
the daily bar chart. Bulls' next upside price breakout
objective is closing prices above solid chart resistance at
the January high of 1.0474. The next downside breakout
objective for the bears is to produce a close below solid
technical support at last week’s low of 1.0273. First
resistance is seen at this week’s high of 1.0432 and then
at 1.0474. Next support is seen at today’s low of 1.0356
and then at 1.0300. Wyckoff's Market Rating: 7.0

The June Canadian dollar closed down 3 points at .9818
today. Prices closed nearer the session high today and hit
another fresh five-week high. Bears still have the overall
near-term technical advantage. However, bulls are gaining
upside momentum as prices have been trending higher for the
past three weeks. Bulls' next upside price breakout
objective is producing a close above chart resistance at
.9870. The next downside price breakout objective for the
bears is closing prices below solid technical support at
last week’s low of .9704. First resistance is seen at
today’s high of .9834 and then at .9850. First support is
seen at today’s low of .9790 and then at .9768. Wyckoff's
Market Rating: 3.5.

The June British pound closed down 31 points at 1.5120
today. Prices closed near mid-range today. 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 1.5311. Bears' next
downside technical breakout objective is closing prices
below solid support at 1.5000. First resistance is seen at
1.5201 and then at this week’s high of 1.5260. First
support is seen at today’s low of 1.5085 and then at last
week’s low of 1.5019. Wyckoff's Market Rating: 3.0.

The June U.S. dollar index closed up .387 at 83.435 today.
Prices closed nearer the session high today and hit a fresh
7.5-month high on safe-haven buying interest. The bulls
have the solid near-term technical advantage. Bulls' next
upside price breakout objective is to close prices above
solid technical resistance at 84.000. The next downside
price breakout objective for the bears is to produce a
close below solid technical support at this week’s low of
81.830. Next resistance lies at today’s high of 83.520 and
then at 83.750. First support is seen at 83.250 and then at
83.000. Wyckoff's Market Rating: 7.0.

June U.S. T-Bonds closed up 30/32 at 144 21/32 today.
Prices closed nearer the session high and closed at a fresh
2.5-month high close today. Good safe-haven demand boosted
the bond market today. Bulls have regained the slight near-
term technical advantage. The next downside price breakout
objective for the T-Bond bears is closing prices below
solid technical support at this week’s low of 142 20/32.
The next upside technical objective for the bulls is to
produce a close above solid technical resistance at 145
even. First resistance is seen at today’s high of 144 29/32
and then at 145 even. First support is seen at 144 even and
then at today’s low of 143 13/32. Wyckoff's Market Rating:
5.5.

June U.S. T Notes closed up 14.0 (32nds) at 132.04.5 today.
Prices closed nearer the session high today and hit a fresh
3.5-month high. Bulls today gained fresh upside near-term
technical momentum on safe-haven buying. Bulls now have the
near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid resistance at 133.00.0. The next downside price
breakout objective for the bears is producing a close below
solid technical support at this week’s low of 131.03.0.
First resistance is seen at today’s high of 132.10.0 and
then at 132.16.0. First support is seen at 132.00.0 and
then at 131.24.0. Wyckoff's Market Rating: 6.0

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
mixed today on a "risk-off" trading day. Equities prices
worldwide have been rallying recently, with the U.S. Dow
and S&P 500 stock index prices at or near record highs.
That bullish momentum in stocks has been keeping investor
and trader money flowing into the stock markets at the
expense of most other investment assets, including raw
commodities and gold. Many investors and traders at present
reckon the stock market is the only game in town. However,
this situation will not proceed indefinitely. The rally in
the stock market is now very mature, which suggests most of
the easy money has already been made on the long side of
stocks, and that those now climbing on board the long side
of the stock market are chasing it. It’s never a good idea
to chase a market that is in a very mature trending move.
One very early clue that the stock market bulls are running
out of steam is price action in the U.S. Treasury bond and
note futures Wednesday. Both markets posted solid rallies,
with U.S. T-Notes hitting a fresh 3.5-month high. This
suggests fresh flight-to-safety buying by investors, which
will pull way demand for risk assets like stocks.

The Nasdaq stock futures index closed up 1.25 at 2,801.25
today. Prices closed nearer the session high today. Bulls
have the overall near-term technical advantage. Bulls' next
upside price breakout objective is closing prices above
solid resistance at the March high of 2,815.00. The bears'
next downside price breakout objective is closing prices
below solid technical support at the March low of 2,711.75.
First resistance is seen at this week’s high of 2,811.50
and then at 2,817.00. First support is seen at today’s low
of 2,776.50 and then at this week’s low of 2,771.00.
Wyckoff's Market Rating: 6.5

The S&P 500 futures index closed down 0.40 at 1,556.80.
Prices closed near the session high today. Bulls have the
solid overall near-term technical advantage. Bulls' next
upside price breakout objective is closing prices above
solid resistance at 1,575.00. The next downside price
breakout objective for the bears is closing prices below
solid support at 1,520.00. First resistance is seen at this
week’s high of 1,560.30 and then at 1,570.00. First support
is seen at today’s low of 1,546.00 and then at this week’s
low of 1,539.20. Wyckoff's Market Rating: 8.0.

The Dow futures closed down 33 points at 14,445 today.
Prices closed near the session high today. The bulls have
the solid overall near-term technical advantage. The next
upside price objective for the bulls is closing prices
above solid technical resistance at 14,500. The next
downside price objective for the bears is closing prices
below solid technical support at 14,150. First resistance
in the Dow lies at this week’s high of 14,488 and then at
14,500. First support is seen at 14,400 and then at today’s
low of 14,365. Wyckoff's Market Rating: 8.0.

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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