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mjl
Posted 12/3/2018 09:19 (#7145454 - in reply to #7145395)
Subject: RE: sell some new crop beans 9.50 & Cz19 above 4.00


MN
sandiego77 - 12/3/2018 08:57

funds are net short, so if they want to make a move it usually takes 3 sessions to complete a shift...WEDS is closed for Pres. Bush memorial...

some commentators are saying your risk is now into the gap, but if you wait for a gap fill then you've lost this sale.

"A rally is a selling opportunity for the producer; old crop, new crop and new new crop. The US has a record large bean carryout and any new trade/demand from China will only make a dent in US stocks." (bqci)

"march SRW pivot 519.25...below 519.25 look for further downside with 514.5 and 511.0 as targets" (trading central)

Merry Christmas!


Thanks for helping make this forum about marketing again. Merry Christmas to you also!
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