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Strategies & Market Trends : Grain Futures Trading

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To: wiley murray who wrote (115)	11/12/1998 5:13:00 PM
From: MJR	Read Replies (1) of 645

Just read a couple of reports on today's close.. I'm looking for tomorrow to be a day of retracing the gains as I think that this rally will be running out of steam soon.. for a bit. Rumor is that tomorrow's USDA export report wil be 2-4mbu lower than last week.. this, along w/ profit taking could be enough. Weather doesn't look all bad to finish the harvest either. Thus, If I was long beans now I'd be looking to take profit tomorrow.. only my gut feel, not trading advice (please do your own research) On the other hand.. the mid-term (5-14 days) chart perspective looks pretty good (not great, but good) to me.. thus, if tomorrow is a dip-day, I may be looking at getting into beans going into next week. Have a great night, Mike

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