Discussion in 'Commodity Futures' started by rogcas, Dec 12, 2007.
supply v tight - technicals long.
Fund activity will now be pushing markets up further
tommorow is a very important day for wheat, im still bearish trust me wait until argentina starts exporting. 9.60 is broken then 10.00 is on the way. wheat has stalled twice at 9.50 to 9.60 we will see if it does this time. Why am i bearish you ask? there is so much fricking wheat in the ground right now its unbeleivable, wheat will be 6.00 dollar range around harvest mark my words
still has more upside... but its in the last push...
wheat is on way up. funds are getting heavily into corn, wheat and other softs
technicals pinting upwards - fund love these
sugar for example - fundametals point down, techs up. vol at v low. somthing is is going to happen here - mots likely sharp rise - suggest going long on some options
short to medium turn up up and away for softs
wait and see
I am staying off it for awhile... i have been trading it for a couple years. I have not lost money in it lately but it is not what I am used to
Sugar is even sweeter - though some fundamentalists say its sour, well to heck with em.
Rice in the teens.........Check. Sugar and beans are next! Wheat will be a real struggle.
wheat is starting to feel toppy
DOWN WHEAT DOWN
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