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Jim Wyckoff

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Grain Markets Garnering More Speculator Interest

March 6, 2018 by Jim Wyckoff

The longtime market watchers remember the days when the grain markets were king of the hill, regarding speculator trading interest. While the grains may never be the only game in town again, recent upside price action has again garnered the keener interest of the trading community. And we are heading into the important spring and summer planting and growing season for U.S. crops with a head of steam in the grain futures. Look for some higher volatility and speculator buying interest in the grain futures markets in the coming months, or longer. See on the daily bar chart for May soybean futures that prices are in a steep uptrend, but the market is now overbought and due for a corrective pullback, as evidenced by the high reading on the Relative Strength Index. Any RSI reading above 70.0 suggests a market is overdone on the upside. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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