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Ag Outside Up Close, + Down Trend Lines Broken

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 Posted 04/24/2014  4:08 pm Show Profile   Bookmark this topic Add Domain555 to your friends list Get a Link to this Message Number of Subscribers
AG outside up close, + down trend lines broken

May, July, September, December futures contracts have nice outside up closes today.

Same contracts have all broken down trend lines, to the upside.

Maybe, we can get the heck out of this boring sideways drift in AG.

=========================

AU also has an outside up close, but needs to close above $1,306 (basis JUNE contract) to get above its' down trend line.

I do not trade contracts, at this time. But, if I was forced to trade, I would place a buy one small JULY (1000 oz) AG contact @ $19.47.

$19.47 would be a nice backside sweep (against the down side trend line.) NO STOP!

Any traders, hedgers, or speculators out there? Please feel free to shoot holes in my post.
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