{"id":9329,"date":"2014-10-23T13:00:25","date_gmt":"2014-10-23T21:00:25","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=9329"},"modified":"2014-11-28T01:07:21","modified_gmt":"2014-11-28T09:07:21","slug":"wheat-rally-real-just-short-covering-bounce-levels-10-24-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wheat-rally-real-just-short-covering-bounce-levels-10-24-2014\/","title":{"rendered":"Is the Wheat rally real or just a short covering bounce? & Levels 10.24.2014"},"content":{"rendered":"

Hello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

\n
Voted Number 1 futures trading blog!<\/a><\/div>\n
\n

 <\/p>\n

Is the Wheat rally real or just a short covering bounce?<\/b><\/p>\n

Along with the rest of the grain complex and many other commodities, the wheat market has taken a serious beating, declining from $7.64 in May to $4.66 in late September! That is a very serious drop in price (close to 40%!!) in a short period of time.<\/p>\n

 <\/p>\n

In recent weeks, the wheat market <\/a>has bounced almost $0.60 from its lows and the big question longer term traders, as well as swing traders, are asking themselves, is the following: Is this just a chance to go short again or is this the beginning of a reversal to the upside.<\/p>\n

<\/p>\n

Read the rest at:<\/p>\n

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\n
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Is the Wheat Rally Real or Just a Short Covering Bounce?<\/a><\/p>\n
by\u00a0Ilan Levy-Mayer\u00a0<\/a>in\u00a0Commodities<\/a>\u00a0
\"alt\"<\/div>\n<\/div>\n<\/div>\n
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\"wheat\"<\/a><\/div>\n<\/div>\n
Along with the rest of the grain complex and many other commodities, the wheat market has taken a serious beating, declining from $7.64 in May to $4.66 in late September.<\/div>\n

– See more at: http:\/\/experts.forexmagnates.com\/#sthash.pFOdBQdO.dpuf<\/p>\n<\/div>\n

 <\/p>\n

http:\/\/experts.forexmagnates.com\/wheat-rally-real-just-short-covering-bounce\/<\/a><\/p>\n

 <\/p>\n

GOOD TRADING<\/strong> !<\/p>\n<\/div>\n<\/div>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.<\/p>\n

 <\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels<\/a>, Please share!<\/strong><\/p>\n

 <\/p>\n


\nFutures Trading Levels<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2014<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1994.75<\/td>\n4124.42<\/td>\n17030<\/td>\n1153.43<\/td>\n86.38<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1975.50<\/td>\n4074.58<\/td>\n16862<\/td>\n1136.77<\/td>\n86.22<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1960.75<\/td>\n4039.17<\/td>\n16740<\/td>\n1125.53<\/td>\n86.09<\/td>\n<\/tr>\n
Pivot<\/td>\n1941.50<\/td>\n3989.33<\/td>\n16572<\/td>\n1108.87<\/td>\n85.92<\/td>\n<\/tr>\n
Support 1<\/td>\n1926.75<\/td>\n3953.92<\/td>\n16450<\/td>\n1097.63<\/td>\n85.79<\/td>\n<\/tr>\n
Support 2<\/td>\n1907.50<\/td>\n3904.08<\/td>\n16282<\/td>\n1080.97<\/td>\n85.63<\/td>\n<\/tr>\n
Support 3<\/td>\n1892.75<\/td>\n3868.67<\/td>\n16160<\/td>\n1069.73<\/td>\n85.50<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDecember Gold<\/td>\nDec.Silver<\/td>\nDec. Crude Oil<\/td>\nDec. Bonds<\/td>\nDec. Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1261.3<\/td>\n17.51<\/td>\n85.20<\/td>\n144 9\/32<\/td>\n1.2745<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1253.1<\/td>\n17.38<\/td>\n83.78<\/td>\n143 19\/32<\/td>\n1.2712<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1242.7<\/td>\n17.29<\/td>\n82.88<\/td>\n142 20\/32<\/td>\n1.2682<\/td>\n<\/tr>\n
Pivot<\/td>\n1234.5<\/td>\n17.16<\/td>\n81.46<\/td>\n141 30\/32<\/td>\n1.2649<\/td>\n<\/tr>\n
Support 1<\/td>\n1224.1<\/td>\n17.08<\/td>\n80.56<\/td>\n140 31\/32<\/td>\n1.2619<\/td>\n<\/tr>\n
Support 2<\/td>\n1215.9<\/td>\n16.95<\/td>\n79.14<\/td>\n140 9\/32<\/td>\n1.2586<\/td>\n<\/tr>\n
Support 3<\/td>\n1205.5<\/td>\n16.86<\/td>\n78.24<\/td>\n139 10\/32<\/td>\n1.2556<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec Corn<\/td>\nDec. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nDec. bean Oil<\/td>\n<\/tr>\n
Resistance 3<\/td>\n367.8<\/td>\n531.7<\/td>\n1025.17<\/td>\n377.13<\/td>\n33.16<\/td>\n<\/tr>\n
Resistance 2<\/td>\n363.9<\/td>\n529.6<\/td>\n1009.58<\/td>\n365.27<\/td>\n32.96<\/td>\n<\/tr>\n
Resistance 1<\/td>\n361.8<\/td>\n528.2<\/td>\n1001.42<\/td>\n358.83<\/td>\n32.81<\/td>\n<\/tr>\n
Pivot<\/td>\n357.9<\/td>\n526.1<\/td>\n985.83<\/td>\n346.97<\/td>\n32.61<\/td>\n<\/tr>\n
Support 1<\/td>\n355.8<\/td>\n524.7<\/td>\n977.7<\/td>\n340.5<\/td>\n32.5<\/td>\n<\/tr>\n
Support 2<\/td>\n351.9<\/td>\n522.6<\/td>\n962.08<\/td>\n328.67<\/td>\n32.26<\/td>\n<\/tr>\n
Support 3<\/td>\n349.8<\/td>\n521.2<\/td>\n953.92<\/td>\n322.23<\/td>\n32.11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
Economic Reports<\/strong><\/div>\n

source: http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:32pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriOct 24<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGfK German Consumer Climate<\/td>\n<\/td>\n<\/td>\n8.1<\/td>\n8.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nItalian Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nDay 2<\/td>\nEUR<\/td>\n<\/td>\nEU Economic Summit<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nEUR<\/td>\n<\/td>\nBelgian NBB Business Climate<\/td>\n<\/td>\n<\/td>\n-7.8<\/td>\n-7.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nNew Home Sales<\/td>\n<\/td>\n<\/td>\n473K<\/td>\n504K<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>Cannon Trading Inc<\/a>. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello Traders, For 2014 I would like to wish all of you discipline and patience in your trading! Voted Number 1 futures trading blog!   Is the Wheat rally real or just a short covering bounce? Along with the rest of the grain complex and many other commodities, the wheat market has taken a serious […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,238],"tags":[715,716],"class_list":["post-9329","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-grain-futures","tag-wheat-market","tag-wheat-rally-real"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=9329"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9329\/revisions"}],"predecessor-version":[{"id":9436,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9329\/revisions\/9436"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=9329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=9329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=9329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}