Rick Alexander’s Wheat futures commentary (5/18)

Posted on May 18, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/18/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO FROM  5:00 PM THROUGH 2:00PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM. Higher closes yesterday for Minneapolis, Kansas City and Chicago wheat futures.  The wheat complex continues to look very bearish overall but has had sharp rallies this week telling me that the complex was oversold not a turnaround.  Minneapolis settled higher for its third session in a row and best high and close in 2 1/2 weeks but still in a downtrend overall since September 2011.  There’s also strong resistance overhead from 800 to 850.  KC and Chicago also settled higher for their third and fourth sessions in a row respectively with the former making its highest high and close since around April 10th and the latter also early April.  KC has resistance above 680 and its last major support is undereath 600 while trending down since February 2011 while Chicago had been making lower highs since early this year until today after rallying 60 to 70 cents since My 11th.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possibility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions but I would guess there has been substantial liquidation lately.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Wheat futures commentary (5/16)

Posted on May 16, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/16/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY. News of China possible buying corn helped the grains follow the corn higher today. Higher closes yesterday for Minneapolis, Kansas City and Chicago wheat futures.  The wheat complex continues to look very bearish but the wheat complex settled higher this time making large ranges.  Minneapolis stopped its losing streak at ten with its best close in five trading session but still in a downtrend overall since September 2011.  There’s also strong resistance overhead from 800 to 850.  KC and and Chicago settled higher again also having large ranges but, like Minneapolis still in long-term downtrends.  KC has resistance above 680 and its last major support is undereath 600 while trending down since February 2011.  Chicago has been making lower highs since early this year but is now below the range that was roughly between 600 and 700.  Of course, I’ve been talking about that range for quite a while.  It’s had lower tendencies since May 2011.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions but I would guess there has been substantial liquidation lately.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@Zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Judy Crawford’s Wheat futures commentary (5/16)

Posted on May 16, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Judy Crawford, senior broker at Zaner Group.

WHEAT FUTURES COMMENTS

JULY MINI WHEAT:  During the entire collapse in the beans, wheat held around 600.  That was impressive.  It formed an inside day yesterday on the daily chart but I did not suggest a trade as the long term charts contradict each other.  There should be more to its rally too but it is now starting to push into resistance on the daily chart near 620 to 625.  Just watching.  Closed 608 1/2, up 10 1/4.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

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Rick Alexander’s Wheat futures commentary (5/15)

Posted on May 15, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/15/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY. Higher closes yesterday for Kansas City and Chicago wheat futures while lower for Minneapolis wheat futures.  The wheat complex continues to look very bearish with Minneapolis ending up down for its tenth session in a row still needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle down since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC and and Chicago settled higher but looking like a ‘dead cat bounce’ today.  KC has resistance above 680 and its last major support undereath 600 which its rapidly approaching at this time.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year but is now below its range roughly between 600 and 700 that I’ve been talking about which seems like forever!  It’s had lower tendencies since May 2011.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions but I would guess there has been substantial liqidation lately.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

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Rick Alexander’s Wheat futures commentary (5/14)

Posted on May 14, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/14/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:00PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY. NOPA CRUSH. EXPORT INSPECTIONS. CROP PROGRESS. Lower closes last session for Minneapolis, Kansas City and Chicago wheat futures.  The wheat complex continues tumble with Minneapolis ending up down for its ninth session in a row still needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle down since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC also settled again lower with making its worst low and close since May 2010 again.  Meanwhile, Chicago a new CONTRACT LOW AND CLOSE finally settling below 600 basis the July contract.  KC has resistance above 680 and its last major support undereath 600 which its rapidly approaching at this time.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year but now below its range roughly between 600 and 700 that I’ve been talking about which seems like forever!  It’s had lower tendencies May 2011.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions but I would guess there has been substantial liquidation lately.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNAL FOR MINNEAPOLIS, KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Wheat futures commentary (5/11)

Posted on May 11, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/11/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE. THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY. The main thurst of the crop report along with the supply/demand was the surprising increase in grain stocks when just about every analyst was looking for a decline.  The beans were considered bullish and the wheat was called higher off it also.  Higher closes yesterday for Chicago wheat futures while lower for Minneapolis and Kansas City wheat.  The wheat complex continues tumble with Minneapolis ending up down for its eight session in a row still needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle down since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC also settled again lower with making its worst low and close since May 2010.  Meanwhile, Chicago made another a new CONTRACT LOW but settled higher this time in reversal type action.  KC has resistance above 680 and its last major support undereath 600.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year continuing to be range-bound roughly between 600 and 700 but with definite lower tendencies since its been trending lower starting in May 2011 and did trade below 600 before settling just over it.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNAL FOR MINNEAPOLIS KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

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Judy Crawford’s Wheat futures Market Update (5/11)

Posted on May 11, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Judy Crawford, senior broker at Zaner Group.

WHEAT FUTURES COMMENTS

JULY MINI WHEAT:  It is struggling to hold 600.  According to the 40-year seasonal pattern, wheat often peaks in the first week of May and declines from there into the end of June.  If it takes out the 2011 low of 572, its next target is probably 545.  Today it made a new low at 595 but managed to close higher by 1 1/4 cent.  Watching closely to short.  Closed 601 1/4, up 1 1/4.

For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

 

Judy Crawford

Call Judy Crawford toll-free at (888) 301-8120 or directly at (312) 277-0133

E-mail: jcrawford@zaner.com.

http://www.tradingfuturesmarkets.com/

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Opinions are subject to change at any time and are not a solicitation or recommendation to buy or sell futures contracts or options on futures contracts. The information contained in this message has been obtained from sources believed to be reliable but is not guaranteed as to its accuracy or completeness. All known news and events have already been factored into the price of the underlying commodities discussed.

Past performance is not indicative of future results. All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

All suggested trades are based on technical signals/indicators and do not include slippage or cost. Not all trades suggested are taken. Results are based on what the signal indicates not necessarily an actual trade. Actual results may vary.

 

 

 

 

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Rick Alexander’s Wheat futures commentary (5/10)

Posted on May 10, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/10/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE.  THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY ONLY. MONDAY THROUGH THURSDAY REMAINS AT 6:00PM STARTING TIME. CROP PRODUCTION. USDA SUPPLY/DEMAND REPORT. EXPORT SALES.  Lower closes for Minneapolis, Kansas City and Chicago wheat futures.  The wheat complex continues tumble with Minneapolis ending up down for its seventh session in a row still needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle down since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC and Chicago settled again lower with the former making its worst low and close since July 2010 and the latter a new CONTRACT LOW AND CLOSE.  KC has resistance above 680 and its last major support undereath 600.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year continuing to be range-bound roughly between 600 and 700 but with definite lower tendencies since its been trending lower starting in May 2011.  Also, its now at the bottom of this range.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNAL FOR MINNEAPOLIS KANSAS CITY WHEAT FUTURES.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Wheat futures issue a sell signal (5/09)

Posted on May 9, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Larry Baer, senior broker at Zaner Group.

Wheat futures declined today (5/09) along with most of the grain complex reaching its lowest prices since December 2011.

This move lower for July wheat futures generates a sell signal on the daily chart.  Today’s sell signal comes after a King’s Cross counter-trend sell signal last week as wheat has dropped below its support on the daily chart.  On the weekly chart wheat has fallen below its support levels and also issued a sell signal last week.  So far this month wheat is showing a sell signal in May with its next support level around the 540 area.

The King’s Cross sell signals have been working better than the King’s Cross buy signals (daily chart) because the overall trend is down with wheat making lower highs and lower lows (SEE CHART).

Fortuitous weather conditions have helped to put pressure on the wheat market.  Keep in mind that the USDA Crop Production supply/demand reports are due out tomorrow morning.  Analysts predict world wheat production to increase almost 10% from last year.

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For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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Rick Alexander’s Wheat futures commentary (5/09)

Posted on May 9, 2012 by wheatcomm

Trading commodity futures and options 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.

By: Rick Alexander, senior broker at Zaner Group.

WHEAT: 5/9/12  THE ELECTRONIC GRAIN HOURS WILL BE EXTENTED TO 4:PM CST DUE TO NEW COMPETITION FROM THE ICE EXCHANGE.  THIS WILL START ON SUNDAY EVENING MAY 20TH at 5:00PM SUNDAY ONLY. MONDAY THROUGH THURSDAY REMAINS AT 6:00PM STARTING TIME. CROP PRODUCTION. USDA SUPPLY/DEMAND REPORT ON THURSDAY.  Higher closes yesterday for Kansas City and Chicago wheat futures while lower for Minneapolis wheat futures.  The wheat complex continues look bearish with Minneapolis ending up down for its sixth session in a row needing to hold the 700 area with little resistance down to 600 after that.  It also made its lowest low and close since November 2010 once again while in a downtrend overall since September 2011 basically on a 45 degreee angle since April of this year.  There’s also strong resistance overhead from 800 to 850.  KC and Chicago settled again higher but no change technically that I can see.  KC has resistance above 680 and its last major support undereath 600.  It’s been trending down since February 2011.  Chicago has been making lower highs since early this year continuing to be range-bound roughly between 600 and 700 but with definite lower tendencies since its been trending lower starting in May 2011.  There is also strong resistance above 650.  The enitre wheat complex can be sold on rallies until further notice.  CALL FOR DETAILS!  Don’t forget the possiblility that the world wheat crop could be a record.  The funds may also still be holding a record number of short positions.  For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription.  SELL SIGNAL FOR MINNEAPOLIS AND KANSAS CITY WHEAT.  CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com! 

Rick Alexander

(312) 277-0107

ralexander@zaner.com

Zaner Group

Subscribe FREE to Zaner Group’s Daily Research Newsletter.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.

 

 

 

 

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