Wheat Holy Hell?!

Discussion in 'Commodity Futures' started by YMsystemtrader, Dec 16, 2007.

  1. what is going on here... some type of fungus? another limit up
  2. same old same old man. Prob just some export biz and the price fucking explodes!! I can't trade it right now, its just too crazy for me.....limit up/limit down every other day. The chart is useless because there is no more resistance and we never touch supports. Fundamentals are same as they always have been, no wheat and export demand is the only thing anybody cares about. I know the best stratagy is just a long position and sit on it but thats easier said than done especially when I naturally like to trade fades. I admire those that are making big bucks in this market because I havn't been able to churn out a dime!
  3. Are you guys talking about the ZW? 5000 multiplier and it moved 28 points today? $140,000 move up or am I missing something?
  4. darren


    its 50$ per point so 28 pts is1400 dollar move
  5. Gotcha, I didn't notice the "cents/bushel" pricing. Thought it was 1007 dollars / bushel.
  6. there was a 2000 share sell when it was up 30, now backing off... thats a lot of wheat to sell at once... a top?
  7. "Final Tops" can only occur during the day-session, never overnight.