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Sightings
Click images for chart
05-25-10
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July
Beanoil is trading in a narrow channel the top
of the range is 3769 and the bottom of the range is 3682. Bracket
this market with an order to buy on a break above the resistance and
an order to sell on a break below the support. Place both orders GTC
so that which ever order is filled the other will become your
initial stop loss.
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August
Feeder Cattle has
a 1-2-3-top formation the #1 point is 117.87 the high on 4/27/1, the
#2 point is 113.67 the low on 5/6/10 and the #3 point is 116.37 the
high on 5/10/10. You should have been filled short this market on
5/14/10, I would move my stop loss down to a closer resistance point
( 108.82) to lock some profits or at least to a breakeven point. 50%
@ 107.31
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August
Live Cattle has a
1-2-3-top formation. The #1 point is 9557 the high on 5/4/10, the #2
point is 9330 the low on 5/6/10 and the #3 point is 9552 the high on
5/10/10. You should have been filled short on this market on 5/14/10
when the market broke below the #2 point. The market has reached the
50% level of approximately 8956 so you should tighten your stop to
at least the resistance of 9020, if not lower to lock more profits.
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| August
Lean Hogs has a 1-2-3-top formation. The #1
point is 8752 the high on 4/23/10, the #2 point is 8400 the low on
4/29/10 and the #3 point is 8730 the high on 5/3/10. You should be
short this market as of 5/4/10, with your initial stop loss just
above the #1 or #3 point. 50% @ 7499
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July
Oats has a #1 bottom point at 188 ¼ the low
on 5/17/10 and a possible #2 point at 201 ¾ the high on 5/24/10.
Continue to watch this market for a complete 1-2-3-bottom formation.
50% @ 250 ¼
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| July
Sugar has a 1-2-3-bottom formation the #1
point is 1300 the low on 5/7/10, the #2 point is 1482 the high on
5/13/10 and the #3 point is 1381 the low on 5/17/10. You should have
been filled long this market a few days ago, your initial stop loss
should be just below the support of the #1 or #3 point. 50% @ 1901
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| July
Wheat has a new #2 bottom point at 456 ¼ the
low on 5/25/10. Continue to watch this market for a complete
1-2-3-bottom formation. 50% @ 606 ¾
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There is a risk of loss trading futures. Past
performance in not indicative of futures results.
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