It’s like watching paint dry!

I’m afraid today presented no opportunities for me in the wheat market. The main reason the last two days have been no good for me is that there has been a strong upward move, and the market has gone to or near limit up very quickly, limiting the breakout opportunities I look for.

Here’s a chart of today’s opening activity.


Yesterday’s market settled at 973, so the 30 point limit rule meant that price could not go beyond 1003 in today’s session.  I might have been interested in the break up through the 995 level if there had been more upside potential. 

Comments are closed.