tag:blogger.com,1999:blog-1708908742323002823.post42029158832767938..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Bean Harvest Wrapping UpTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1708908742323002823.post-11449265610162117182014-11-04T08:16:30.471-08:002014-11-04T08:16:30.471-08:00wowo bird flu fears in china surface.. china soym...wowo bird flu fears in china surface.. china soymeal closed limit down.<br /><br />that said, jan soybean bulls are interested right here near the high of the 10/27 key reversal day,, which was also a high volume session. stop or stop n reverse below the 10.00 round number.<br /><br />USDX quite the shake looking at the 87 round number again.<br /><br />bears pointing out many unfilled gaps below in SPY.77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-30200382364996345922014-11-04T06:11:07.412-08:002014-11-04T06:11:07.412-08:00Hi Hubert. Was just thinking about 2 of your wond...Hi Hubert. Was just thinking about 2 of your wonderful trades. The first was the silver at 19. You took your profit at around 22 as I recall. Where did that number come from. And second, the oil trade from 80 to 83.60. Where did the 83.60 come from. Both great trades that worked immediately. Thanksarniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12813022543935577402014-11-04T05:48:37.142-08:002014-11-04T05:48:37.142-08:00russia ruble new low against dollar!
..russia budg...russia ruble new low against dollar!<br />..russia budget is based on 3700ruble/bbl oil and it's trading into 3200ruble/bbl level.<br /><br />CL got into the 75 handle that Dan had mentioned for support.. <br /><br />if oil stays down then the demand for rail cars is lessened and thus soymeal problem lessens.<br /><br />aud/usd almost a perfect double bottom with 2013 low 86.43 thus far.<br /><br />bulls are suggesting if US midterm elections today gives congress to repubs then SPX will take a new leg higher.<br /><br />cheers!77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24187294851155309082014-11-04T04:03:27.362-08:002014-11-04T04:03:27.362-08:00Dan, perhaps you saw the article in the WSJ about ...Dan, perhaps you saw the article in the WSJ about the transportation bottlenecks. It got me thinking that, regardless of transportation gradually improving over the weeks, we will still be left with a gigantic carryover which the mkt will be contending with for months. Might we be in for not a price collapse, but a sideways grind until late spring, which wears out all participants?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2264209667734369772014-11-03T19:10:57.718-08:002014-11-03T19:10:57.718-08:00Not a grain trader here-I thought corn chart looke...Not a grain trader here-I thought corn chart looked pretty good (which is why I don't trade soft commodities).MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2588529748625592412014-11-03T16:01:59.049-08:002014-11-03T16:01:59.049-08:00ZW the chicago wheat hit the 20-week MA, looking a...ZW the chicago wheat hit the 20-week MA, looking at that weekly chart around 550 stopped things for 2 months before the break down to new low o year.<br />...ZW the same stuff i.e. funds net short and problems with all the crops around the world dominate the talk, plus the 20dma crossing above the 50dma, and spread traders long beans short wheat bail on a bad soybeans day.<br /><br />yeah corn it was said funds bought net 10-15K contracts into the close. 1st of month money? 'who are those guys'<br /><br />index fund roll picks up steam thru the week, with 3 funds rolling by the end of this week, then monday usda report which everybody thinks will show even bigger corn and beans crops, but a bit smaller wheat.<br /><br />seems good: The significance of Monday's losses in the #soy complex and #corn is tied to what comes next -- followthrough validates; reversals minimize.<br /><br />hey farmers are 'stacking' as well, many photos of piles of corn in the country that are getting 'stacked' higher and higher!<br />...apparently can leave those piles out there quite a few months before damage would hit (perhaps feb/march time frame?)<br /><br />cheers!<br /><br /><br />77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-73567656749117903882014-11-03T15:21:56.263-08:002014-11-03T15:21:56.263-08:00grain and bean bulls are now out of bullets; keep ...grain and bean bulls are now out of bullets; keep your selling shoes on ladies because we are headed south.Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13281610199617751392014-11-03T14:27:26.913-08:002014-11-03T14:27:26.913-08:00This comment has been removed by the author.Lorenhttps://www.blogger.com/profile/01786341405874071932noreply@blogger.com