- Different technicals of Corn, Soybean and Wheat.
- Only position in Grains : Short Soybean. Intend to establish short in Wheat as it is the best trade of the 3 in terms of technicals.
- Corn : Ongoing parabolic rise. Bullish. Extricated myself from long position and not regretting even if it is a bit higher. Would not want to be caught when a vertical chart like this turns.
- Soybean : Monthly reversal possible. Weekly evening star + UpTL broken. Bearish.
- Wheat : Monthly reversal possible. Weekly evening star, broken back below significant previous spike high of 841. Daily SHS top. More bearish than Soybean even. I need to get short this.
3 comments:
Sold WK1 at open .. average price 860.75
Taken profit on half of WK1 short at 788.
Squared balance at 787. 7+% move in one day. Take it.
Post a Comment