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Jim Wyckoff

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Sample Report: Jim’s Top Trading Ideas

April 15, 2017

July sugar futures a selling opportunity on more price weakness. See on the daily bar chart for July sugar futures that prices are in a solid downtrend and on Thursday scored a bearish “outside day” down and closed at a bearish weekly low close. The bears are in firm near-term technical command and there are no early chart clues to suggest that a market bottom is close at hand. A move below chart support at 16.50 cents would become a selling opportunity. The downside price objective would be 15.00 cents, or below. Technical resistance, for which to place a protective buy stop just above, is located at 17.25 cents.

June U.S. Treasury note futures a buying opportunity on more price strength. See on the daily bar chart for June U.S. T-Note futures that prices are in an uptrend and on Friday hit a five-month high and closed at a bullish weekly high close. The bulls have upside momentum. Rising geopolitical tensions in the world will also continue to support the safe-haven U.S. Treasuries. A move above chart resistance at this week’s high of 126.08.0 would become a buying opportunity. The upside price objective would be 128.00.0 or above. Technical support, for which to place a protective sell stop just below, is located at 125.11.0.

July corn futures a buying opportunity on more price strength. See on the daily bar chart for July corn futures that prices have made a good rebound recently and on Friday hit a five-week high and closed at a bullish weekly high close. The bulls have gained upside technical momentum. A move above chart resistance at this week’s high of $3.79 1/2 would become a buying opportunity. The upside price objective would be $4.10, or above. Technical support, for which to place a protective sell stop just below, is located at $3.65 1/4. Remember that the mini grain futures contracts are a liquid and viable way to trade the grain markets.

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Disclaimer

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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