Today we discuss how the grain markets weekly opening day closed and risk levels where our trades get invalidated
Huge consolidation into a descending triangle, this one's a gapper so the pattern isn't clean but it's there. Volume also confirming it
Looking good for a restest of the highs. next target around 44 bucks
good R:R back to the resistance. BUT, I believe it's gonna try to fill the gap and possibly up and above
Daily bullish engulfing, plus weekly and monthly look pretty bullish
Looks like a good short back to the support zone, risk is tight and good setup for a short
Went long today at 155, looking for a retest of the highs but overall I'm bullish and I'll hold a core position to ATHs
target reached on the symmetrical triangle, shorting SPOT
shorted 105s long 101s for 97 credits per spread (38 days out)
long skyy via credit spread 53 days out sold 56s bought 53s for 52 bucks credit per spread
Good gap fill, going long with a stop loss below today's lows
This are the zones I'll cover and look to go small long if it holds