• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / eminis / Commentary / What’s Up, What’s Down: Focus on Grains

What’s Up, What’s Down: Focus on Grains

November 24, 2010 by Rick Alexander

Comments for November 24, 2010


Looking ahead to Wednesday by reflecting on Tuesday’s trading action


Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.


Focus on Grains


GRAINS: 11/24/10 Higher for Minneapolis wheat, corn, soybeans, soymeal and soyoil while lower for Kansas City and Chicago wheat along with rough rice and oats. Minneapolis and KC continue to be in a sideways pattern since early August although both are still near the lower end of their respective ranges. Chicago wheat settled lower again still looking the weakest of the wheat complex. Rough rice closed lower continuing to act weak with support under 130 basis the January contract. Corn closed higher after making its worst low since October 8th in reversal type action. Oats traded lower again still in a trading range since October keeping me on the sidelines. The bean complex settled again but all are still in possible topping formations. I don’t have any signals at this time for the bean complex either. ALSO DON’T FORGET THE GRAINS TEND TO FILL A MAJORITY OF THEIR GAPS and there are gaps still left in KC wheat, beans and meal. So be sure take this into consideration when taking POSITIONS. SELL SIGNALS FOR CHICAGO WHEAT, CORN AND ROUGH RICE. CALL FOR DETAILS!


Chart 1


Chart 2


Chart 3


Special Note for Cotton Traders: The daily price limit for Wednesday, November 24 will remain at 6 cents.


Special Note for Futures Traders: I have the complete Thanksgiving holiday trading hours schedule, including early closes, posted at the Hot Topics (http://www.zaner.com/3.0/market_information/hot_topics.asp) page of my website.


Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.


Futures and options trading is speculative in nature and involves substantial risk of loss.


Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.

Filed Under: Commentary, Recent Tagged With: commodities trading, commodity futures, corn, cotton, grains, Wheat

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in