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Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?


To: nicewatch who wrote (328)12/10/1998 9:24:00 AM
From: MJR  Read Replies (1) | Respond to of 645
 
Good Morning:
Here's today's chart reads...

March Corn:
Oversold and trying to find a bottom. One piece of bullish news in today.. Corn export sales slightly ahead of expectations. may see some short covering early today?

January Beans:
Pretty much the same as corn. However.. bean sales were bullish.. Looks like today may not be all bad in beans.

Feb Lean Hogs:
Chart continues to find new lows. No reason to fight that trend, however, be careful opening new shorts as you have to wonder when short covering will take place. One piece of bullish news (winter storm, etc.) could trigger that.

Regards.. have a great day trading,
Mike