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Looks like a good stab long wheat
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LongKC
Posted 10/22/2014 00:25 (#4139204)
Subject: Looks like a good stab long wheat


Middle Tennessee
Hey guys, After drafting upward for a few weeks, with a slew of wimpy closes, and nearly zero emergence of long open interst, Chicago wheat beat some resistance at the close today. And the bulletin tonight shows a hefty increase in O.I. this evening. To me it looks like a good opportunity to try a speculative buy if you're in the mood. Maybe put a stop just below Tuesday's close?
(I'm only eyeing 20 cents or so upside at the moment)
(A caveat I suppose is, if corn stalls out, that might end the fun)

Edited by LongKC 10/22/2014 01:18
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