I've been watching the strong move higher too. Pretty hard to believe the price knowing we thought .30-.35 was a good price when we were raising hogs 25 years ago. I won't try to trade it though as there was a good reason for the strong move higher. ...

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I remain bullish but my last position hit target today so have a pending order to get right back in on a pullback. I'll continue to be a buyer until the fundamentals change. A good inventory report today gave it a boost.

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Yes, I'm aware of the issue when the contracts roll. That's why my nat. gas chart has a large gap down a while back. I rarely use trendlines as I mainly focus on horizontal levels (prices).

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Yes, another reason my favorite of the grains is CORN. It's trading a bit better in an uptrend currently. It held up well today compared to beans & wheat. Holding up means I don't get to add :-(

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I know the charts appear to have "pinbars" signaling a top but I'm going to wait for the pullbacks to buy. Similar to cocoa where the fundamentals were strong so very difficult trying to pick a top though the grain fundamentals aren't quite that ...

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Yes, Olu. The move lower appears to be just a retracement after the VERY strong move higher.

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USDA report: CORN-bullish SOYBEANS-bullish WHEAT-bearish Initial reaction was just as should be but then reversed after a spike. Just an excuse to take profits after a pretty good rally recently. I remain bullish mostly on CORN. Even though the ...

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Nat. Gas: I'm not watching charts during the day right now so I'm using a scale-in strategy on nat. gas. Position #2 hit target yesterday so just one position now with an add at lower levels. No SL, just targets & add entry orders. Right now it's ...

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Yes Olu, I'm surprised the CAD is so weak. I don't follow their economy that closely but I view it as pretty decent & usually tags along more with Oil so should be stronger. Not sure why so weak.

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I think the reasons for staying strong are the Ukraine tensions & the weak $. Otherwise I think it would be lower along with equities.

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I'll remain bearish on the US$ until the fundamentals change. US based companies have decent earnings but until the government does some serious cost cutting (not likely with partisan politics) we're headed for real problems at some point. The ...

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Update: Back to 4H resistance.

NZD/USD

Based upon daily chart, I think price needs a good close below .8510 area before it's bearish. Important area @ .8638 on 4H.

NZD/USD

What's your plan? Why did you get in? Are you scalping or swing trading? Holding for hours, days or weeks? If you can't answer any of these questions, then just close your position & get a plan before entering. Know your stop BEFORE you get in. I'm ...

Only Gold!

Nat. Gas Strategy: For those that feel nat. gas isn't going to zero & there's some support under the market now that supplies are the lowest level since 2003, I've been using a scale-in strategy. I have one position open at most times with a pending ...

Oil and Natural Gas

Nice analysis Olu. If I were to try shorting, I'd try this zone first with a SL just above zone. Could be wrong :-)

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Thanks Olu! I've been busy on a project that'll last 2 or 3 weeks yet so not too much time looking at charts these days. I still make sure to follow your thread everyday :-) Keep up the good work.

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I don't either :-) I'm sure someone has a good reason it usually rises in april. As long as we know it usually does, doesn't really matter why I guess. I'm more familiar with seasonality when it comes to the grains.

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AUD:

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Corn: Today's planting intentions report was bullish with the lowest acreage since 2010. I think you can look to buy any dips. Spring planting is off to a slow start(poor weather) & the later the corn gets in the ground the lower the yield usually ...

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