• 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: Grains in Spotlight

What’s Up, What’s Down: Grains in Spotlight

October 27, 2010 by Rick Alexander

Comments for Wednesday, October 27, 2010

Looking Ahead to Today by Reflecting Back at Tuesday’s Price 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.

GRAINS:

Higher closes yesterday for Minneapolis, Kansas City and Chicago wheat along with rough rice, oats, soybeans, soymeal and soyoil. Minneapolis and KC have been in a trading range, albeit a wide one, since August still unable to break out of their respective resistance areas so far causing me to remove my sell signals and stand aside. However, my sell signal for Chicago wheat will remain although not a strong one at this time. Wheat had previously rallied off of bullish fundamental news in Russia but now has settled into basically choppy action.

Long-term the wheat has the potential to rise if the rest of the grain complex continues higher but the action shows it being pulled higher at the present time. Corn closed higher but unable to stay near its high and sold off near the end of the trading session but is still in a strong bull market overall. Oats settled higher again also in a strong uptrend showing. Rice made its best high and close since December 14th, 2009. The bean complex settled slightly higher all in uptrends also.

DON’T FORGET THE GRAINS TEND TO FILL A MAJORITY OF THEIR GAPS and there are gaps in KC wheat, corn, beans and meal so be sure to take this into consideration when taking POSITIONS. BUY SIGNALS FOROATS, ROUGH RICE, SOYBEANS, SOYMEAL AND SOYOIL. SELL SIGNAL FOR CHICAGO WHEAT. CALL FOR DETAILS!

Wheat Chart

Corn Chart

Soybeans Chart

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.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

With 80% winning ETF trades in the model portfolio from October 2008 – you too can realize this level of success with Larry Connors’ Daily Battle Plan.

Filed Under: Commentary, Recent Tagged With: commodities, commodity trading news, eminis and futures, futures and commodities, futures and options, grains, market analysis, market direction, stock market prices

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