By Alan Bush | Senior Financial Economist at ADMIS
March 18 Corn - Daily
The double bottom sell signal that took place in mid-December proved to be a false one. There was follow through to the downside for only one day before new buying emerged and prices headed higher. It is likely that the uptrend in price will continue.
March 18 Soybeans - Daily
March soybeans took out the December low in January, but like corn, the breakout to the downside proved to be a false one. The recent trend line breakout to the downside will probably not follow through. Expect soybean futures prices to recover.
March 18 Soybean Meal - Daily
In spite of the recent decline there will probably be little follow through to the downside. A price recovery is likely.
For more information about these markets, please contact Alan at 312.242.7911 or via email at firstname.lastname@example.org. Thank you.
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Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The risk of loss in trading futures and options can be substantial. The views and opinions expressed in this letter are those of the author and do not reflect the views of ADM Investor Services, Inc. or its staff. Research analyst does not currently maintain positions in the commodities specified within this report. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright © ADM Investor Services, Inc.
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This is not a solicitation of any order to buy or sell, but merely a collection of information related to Archer Financial services and commodities trading provided by Archer Financial services. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor do they purport to be complete. No responsibility is assumed with respect to any such element, nor with respect to any expression of opinion herein contained.
The risk of loss in trading futures and options on futures can be substantial. Each investor must carefully consider whether this type of investment is appropriate for them. Past performance is not necessarily indicative of future results.