Wheat market is now at the weakest stage. Time to short.

ที่อัปเดต:
We are long the PUT options since 535 - we wanted to limit our risk. Now it is safe to short the futures, as the market is very weak technically and fundamentally. Sell on a CLOSE below 492.25, stop loss on a CLOSE above 507. 435 is the price target.

I have been travelling around the wheat region in Russia last week - observing the crops, talking to farmers. Planted area this year is very large and most of the crops survived and are looking healthy. Weather conditions are excellent. Prices as low as 416 and 381 could be reached if we see our preliminary target reached before August 31.

*Please remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
การซื้อขายยังคงดำเนินอยู่
Sell signal given.
บันทึกช่วยจำ
Sell signal will cancel on a close above 507 as mentioned and the loss should be stopped.
การซื้อขายยังคงดำเนินอยู่
The bearish cycle continues but for now we stand aside and the move could continue till 5.25. On a close below 5.07 we go short again.
We are also still long the Put bought at 535.
การซื้อขายยังคงดำเนินอยู่
Not much time is left for the move to proceed. Consecutive closes above 507 this week will cancel my idea and prove me wrong for this time, unfortunately. We all make mistakes and can not be right all the time. Thanks to those who support my ideas and I will continue to make improvements in the trading recommendations I give. Stay tuned for updates.
บันทึกช่วยจำ
Wheat opened with a gap down today, I take a small short.
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Failed trade and idea. -rep to me...
บันทึกช่วยจำ
Very faulty recommendation, however it is nice to know we stopped our loss.
cbotCROPFundamental AnalysisfuturesGannharvestTechnical IndicatorssurplusWheatwheatshort

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