• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 4 mins WTI @ $75.75, headed for $64 - 67
  • 16 hours The Dirt on Clean Electric Cars
  • 7 hours These are the world’s most competitive economies: US No. 1
  • 6 hours The end of "King Coal" in the Wales
  • 6 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 22 hours Uber IPO Proposals Value Company at $120 Billion
  • 4 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 11 mins Who's Ready For The Next Contest?
  • 2 hours EU to Splash Billions on Battery Factories
  • 6 hours Coal remains a major source of power in Europe.
  • 13 hours Poland signs 20-year deal on U.S. LNG supplies
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 1 day Nopec Sherman act legislation
Matthew Bradbard

Matthew Bradbard

I have over 1 decade of experience in the Commodities industry. Managing my own IB for over 5 years and my own CTA for fifteen…

More Info

Trending Discussions

Daily Corn Update - 20.11.12

For the last 2 months it has been like watching paint dry with sideways action in corn as the 50 day MA has capped every upside attempt. However that changed yesterday in March future as prices closed above their 50 day MA and then today we have probed the down sloping trend line that has held since August.

Daily Corn Update - 20.11.12

My suggestion has been to gain bullish exposure as I am targeting a trade north in the coming weeks. I’ve advised clients to use the Fibonacci levels in the chart above as their targets. My favored play is back ratio spreads. Just like I have advised traders to scale in I would also advise them to scale out on the way up.

Cash markets are firm across the board in Ags, which is supporting calendar spreads and helping outright futures move higher today as I think this could be a reversal in the making.  Farmers are not interested in selling and the only way for that to change is for the market to trade higher. Another rationale to why I opted for corn instead of soybeans even though the soybean chart is attractive is corn does not have the weight of a hefty S. American crop coming on.

By. Matthew Bradbard

To discuss in more detail this chart or any other you can reach me at:

mbradbard@rcmam.com or 954-929-9997

Risk Disclaimer: The opinions contained herein are for general information only and are not intended to provide specific investment advice or recommendations and are not tailored to any specific’s investor’s needs or investment goals.  You should fully understand the risks associated with trading futures, options and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice.  Past performance is not necessarily indicative of future results.


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News