Wheat up 5%, Hogs, Cotton 75.97 area
Alan Palmer of www.HighGroundTrading.com - InsideFutures.com - Wed Mar 13, 12:39PM CDT

All rumors, news and not, levels guesses (hopefully educated) levels and ideas to cut through the hype in commodities today.

Let's go.

On my Olive buys in wheat last 24 hours, KWN 4.52, 441.5 and 4.31 all olives, see todays range.

Just retrospect buy AT THE MONEY (104days) Wheat 460 calls 460c? 19c s px up to 32c ish today, up 50% IN 1 DAY, for next time scalp. This was the in your face vertical swandive down, into my buy extreme's low close, wheat causes cancer, low tick maybe.Then 25 cent infinity buy for a day 5% rally.

LCM- sell rally if unhedged. Do we break into end of month? How do you get a feel? Forget that.

HOGS new highs of year. If you only could have hung on? That is bad thought process. Use a stop. This hog rally has been about 8 days total. 400 bounce off OLB in 4 days, bottleneck for weeks, this week next bull market day 4. Over 8500 limit is feel but this may find sellers, 84.23 TL but I am a bull long term.

Wheat- buy 10- 15c breaks tonight if your bullish, stop under prev levels cited as this weeks game plan. Up 5% in a day off OLB 418 U, but a lot of buy levels to me hit fast. Flipped now.

Need real color? Change of ownership in wheat.

Buckle up.

Stocks- noon today- in areas but call, NASD 7304 M. Spus going to olive sell extree

Beans high of day tues is a level. No comment. SMN- where did we close to .1? 307.00. Use as hard pivot. China Pigs not eating meal to replenish world wide pork supply? Mute the News. You will see it in price? Get it? Dont be a hood ornament. Call and ask and I'll tell you fade it, OR NoT.

Does anybody need a broker that does own levels? Go play it yourself though. Gets rules and good levels, discipline.

Hogs- stand to buy squeeze months lower now, in my opinion. Get some on cards. Scale down. You just may get em.

Oats- 2.60.00 low, 3% pop today. Bang that P'. rofit.

Cotton has an algo green sell, tight stop over 75.97 but neckline breakout up. Areas here. Over that watch out. Call for color. Has everything commodity-wise junk bottomed? The despised trade that people don't want to hear when the olive arrives.

If you need someone to tell you 'this is where you sell?'

Sold. When I tell you a .35c open stop and forget LCM 120.76 was #, new high stop. Yes overnight like Fri in meats. Try it. It is refreshing. Even if they rally

at end of day like LCM two days ago. Had wrong handle or penny.

New high buy stop, was play. Get it? Then look at late tues. You had a stop. If you dont look at it?

Bonds- Govt takes in no revenue and bonds rally? Interest rates go down. Yes. Also notice how a bond buy stop above Fri tiny OLS blasted hard and fast straight up once over today, Tues. Get it yet? One week is high then over it blasts up? Over where our stop should, maybe be even, if we got out of short Friday.

Where your stops are,

you should leave them?

even if you take profit. Your old risk adverse thought (stop), still good. Use as an entry opposite your opinion but you have good risk skills?

Your bearish and good with buy stops. Ok,

If you sold bonds at 04, covered shorts with 20 ticks, left buy stop 08, working? Then we get hit, go long $500above tues? Momentum trading. Forget the F.und.s.

Its all about leaning good stop location. Sold.

Corn- head and shoulder's bottom small timeframe but important. 370 big too. 375 ish again.

You short it not me.

Corn Users, do not walk. Run. Or call.

Coffee-break- ($375per 1c)- we hit a target1 94.77, enough. I have levels.

Sugar- 12.11 olb. Who knows 12.45 a #.

Fangs- I have overbought charts. Nasd100 getting squirrelly

Boeing- sold 500 of these puppies, 4500 on backorder.

Stick bids in silly lower. In what?

SMN cited 3.07 is two #s. Long over short under for traders. Use as pivot.

Hogs - I have 105 as a target if we trigger much higher but not 1st time up in my opinion. Everything has risk so use risk stops to stop the risk.

BREXIT chaos watch- Another vote tonight. Let's hope for a HARD BREXIT, They call it a CRASH OUT. I like the sound of that.

Best of Trading

Alan Palmer

HighGround Trading LLC

425 S. Financial Place Suite 2301

Chicago, IL 60605

312-870-1184

AlanP@HighGroundTrading.com

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