July 22' Corn Futures: Trend line support gave way, bringing in long liquidation to into our support pocket as laid out on our Grain Express. (https://www.bluelinefutures.com/research/post/912/) The 100DMA is at 712, with the RSI beginning to reach oversold levels. Is this the end of "buying the dip?"
December 22' Corn Futures: Broke through the psychological 700'0 level. These levels must hold for the Bulls to remain in the game.
July 22' Wheat Futures: Wheat is also at pivotable levels, with the volatility becoming a little much for many of our clients. We are early May lows, with the next stop at the ~950'0 level. August Live Cattle: Relief rally or dead cat bounce? The lows going back to Aug 21' held, but again, this is a pivotable level.
August 22' Live Cattle Futures: Relief rally or dead cat bounce? The lows going back to Aug 21' held, but again, this is a pivotable level.
Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email [email protected] or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at [email protected] or call us at 312- 278-0500
Like this post? Share it below: