A chart my firm looks at every week is Corn plus Wheat plus Beans - our CBOT portfolio.
Grain prices look potentially powerful from here.
As policy, we always trade with protective stops that advance.
As a firm, we own longs in Beans, Corn, Wheat and Meal.
Unexpected market call - Copper
Seemingly the trading world is all bullish on Copper
Not to pour water on the fire, but an alternative chart interpretation is possible
Dec Copper shows a possible triple price/RSI non-confirmation
Also, rising wedge likely to be resolved one way
Cannot remember when I have had such a heavy position as present with the grain markets.
I am long KC Wheat, Soybeans, Corn, Meal - my goal will be to get to a composite break-even stop level
Also am long Bitcoin, long NY Sugar, long Peso, short Lean Hogs
Notice to trolls - I
My most shocking loss ever
I remember like it was yesterday
The start of U.S. bombing of Iraq
Chronology
I was long Crude - about 30,000 barrels
Price broke out of a channel on Jan 14, 1991
Slight down day on Jan 15
Firm close on Jan 16 to close at 30.29
At about dinner we were
Does anybody remember when I posted about "Price Walls" (a decades-old TA tool) at the BTC bottom in 2021?
Well, we are here again. $BTC
Old-school TA can outcompete new school TA any day of the week