Friday, August 13, 2010

Soybean Long Index Funds, nearing record highs.


Soybean Long Index Funds are not backing down from more contracts.  The CFTC numbers are based on Tuesday.  The Stock Market broke after the numbers were posted.  In my opinion, the only way you are going break these index funds, is to see some type of stock crash.  Hedgers are taking the other side of this trade and are 100% wrong as the close of Friday.
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TopStep Alert, WD Gann 2x1 Square Nov Soybeans

Converging dates and price. On the Tuesday Aug 16th @ 2:20pm Jupiter is 180^ Saturn.  On the 17th is an important sub-square of the Spot Soybeans.  Aug goes off today and may set the target for Sept.  A setback into Monday is bullish.


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TRADING IN COMMODITY FUTURES OR OPTIONS INVOLVES SUBSTANTIAL
RISK OF LOSS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Thursday, August 12, 2010

Nov Soybeans Weekly, on resistance.

A move about the chop highs is bullish.  Right now its a sell into that line and negative seasonal.
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TRADING IN COMMODITY FUTURES OR OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Nov Soybean Bull Market Projections

SolarMatrix BullMarket Projections
Long from 995
Buy @ 1043 stop to add

NOV BEANS 60 MIN TRENDS