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Support and Resistance Traders' Forum

Re: Beans-Cotton
By:Don
Date: Thursday, 23 December 2004, 9:02 am
In Response To: Re: Beans-Cotton (Don)

March wheat just bounced between support/resistance yesterday. Still looks up.

March Wheat for today-1st resistance-307.50-2nd-309.00-3rd-313.75.
support-1st-306.50-2nd-305.00-3rd-303.75.

Might buy if it opened above 306.50 and went down no lower than that, I would buy the open number as it came back thru and get out at 313.75 or the close.

Jan.Beans-1st resistance-546.75-2nd-549.75-3rd-556.25.
Support-1st-545.00-2nd-541.00
I would buy if it opens between 545.00 and 546.75 would buy 547.00 and get out at 556.25 or the close. Remember this is a papertrade.

March cotton-1st resistance-42.82-2nd-43.14-3rd-43.61.
support-1st-42.57-2nd-42.07-3rd-41.73.

S/R so close together that it would be hard to say which one would make it bounce-would stand aside today. Have a Great Holiday. Don

Messages In This Thread

Beans-Cotton
Don -- Tuesday, 21 December 2004, 9:31 am
Re: Beans-Cotton
AT -- Tuesday, 21 December 2004, 10:57 am
Re: Beans-Cotton
Don -- Tuesday, 21 December 2004, 5:50 pm
Re: Beans-Cotton
Erich (vendor, CTA) -- Wednesday, 22 December 2004, 3:54 am
Re: Beans-Cotton
Don -- Wednesday, 22 December 2004, 8:46 am
Re: Beans-Cotton
Don -- Thursday, 23 December 2004, 9:02 am
Re: Beans-Cotton
fritzy -- Thursday, 23 December 2004, 1:20 pm