GrainBasis

The risk of loss in trading commodity interest products is substantial. Past performance is not indicative of future results. No representation is made that scenario planning, strategy consistency, or discipline will guarantee profitability

$LE_F #LE_F #Cattle Continued strong moves up after last week's bull flag breakout. The diagonal resistance zone above ranges from $190-$194.

$ZS_F #ZS_F #Soybean Breaking down through support with the next level below to watch at potential support ranging from $1,319-$1,323.

$ZC_F #ZC_F #Corn Previous support flipping to resistance today from $476.25-$478.25.

$ZW_F #ZW_F #Wheat Having trouble at the August 23rd VWAP at $602.82.

$LE_F #LE_F #Cattle After yesterday's bull flag breakout to new all-time highs, price is stalling at the diagonal trend zone above.

$ZS_F #ZS_F #Soybean Nearing the diagonal trend zone below once again.

$ZW_F #ZW_F #Wheat Breaking out of the August 23rd pivot VWAP at $602.97. Potential upside levels are shown above.

$ZC_F #ZC_F #Corn Trading in-between the August high close VWAP at $484.33 and the previous support zone from $476.25-$478.25.

$LE_F #LE_F #Cattle A flagging pattern forming at this S/R flip zone from $183-$183.50.

$ZC_F #ZC_F #Corn Nice bounce off this horizontal level identified earlier in the week after the diagonal trend zone breakdown.

$ZS_F #ZS_F #Soybean Hammer candle on the daily chart right at support kept this in the short-term uptrend. Starting to bounce to the upside now.

$ZW_F #ZW_F #Wheat Continues to trade in-between the pivot VWAP at $603.65 and the previous support zone from $573-$580.

$LE_F #LE_F #Cattle After yesterday's breakout, price is retesting the breakout zone for a potential S/R flip today.

$ZC_F #ZC_F #Corn A perfect S/R flip yesterday where the previous diagonal support flipped to resistance and price moved down to the next horizontal level below.

$ZS_F #ZS_F #Soybean Potential diagonal trend zone breakdown today.

$ZW_F #ZW_F #Wheat So far, a nice bounce off this support zone. The main area now for price to get above is the anchored VWAP at $604.38.

$LE_F #LE_F #Cattle After finally breaking out of the range, price is retesting the breakout zone down to $183.

$ZC_F #ZC_F #Corn After breaking down through the support zone, this area became resistance today with price retesting the bottom of the zone.

$ZS_F #ZS_F #Soybean Pulling back to test the diagonal support zone again.

$ZW_F #ZW_F #Wheat On the verge of a major breakdown if price closes below $573.