Support and Resistance Trading Forum

Re: W6H
By:Erich (vendor, CTA)
Date: 2/6/2006, 7:19 pm
In Response To: W6H (surjs)

I think we're probably in for a two or three day pullback in Wheat, at least that's the way it seems right now. If you're going to try and pick the low to buy, you might want to run a trendline across the recent lows and "eyeball" your support target. For tomorrow I might try to get 346 - 347 and if that doesn't work I might adjust the buy target slightly as the week progresses.

We may only get a 350 fill, but right now a fill at 350 just doesn't seem low enough.

Erich
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