Market Curiosity: Exploring Markets And Systems

February 17, 2011

Going long May sugar on a trendline bounce

Filed under: Futures Trades — Tags: , — Jeff Fitzmyers @ 9:42 pm

Buy stop 0.2953 ish, limit 0.2959 ish.
Stop loss 0.2775 ish.

+ 3 big down days and a chunk of that move was retraced in one day.
+ Today might just be a retest of the rising trendline.
+ If price is weak, it should just continue down after testing the resistance of the underside of the 10 and 34 EMA’s.
+ A rise above the buy stop, if it held, would be above the 10 and 34 EMA’s.
+Seasonals suggest a change in trend about now.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: