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Daily numbers and hedge ideas for 12/12/18

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Attention Corn & Soybean Producers:

One week trial offer for $50 on learning about the best way to hedge. In my opinion, my strategy is the best I have seen since I became a member in 1976 trading corn and soybeans for my own account.

January 2018 Soybeans

9.29 1/2 FG near Bracket Line Resistance


-------------9.15 Pivot


8.94 FG

5 day chart... Up from last week same day

Daily Chart.. Sideways

Weekly chart Down

Monthly chart... Down

9.38 is the 200 DMA

ATR 14 Balanced 78%

For 12/12/18: Bracket Line Resists,

uptrend is key support for the bulls to keep



Grains: Funds bought 5,000 corn, and 6,000 soybean contracts, and sold 3,000 wheat on Tuesday.

Grains are firm tonight on light volume. Whatever the report said, it continues its firm tone. Price movementtells you there was nothing there to propel either camp to push the market in their favor. Upside is limited by current resistances, yet the bears seem powerless. Massive supplies are weighing on the bulls, hard to sellsand at the beach. SA is well under way, and since the price action does not show concern of a shortfall downthere, does not bode well for the bulls. Our time is limited to export before SA is ready to sell its crop.

All fundamentals do is to justify staying in a losing position. After you read the report did it tell you how muchreward you should seek (upside objective) and how much risk you might endure if the market goes downinstead? That is what you need to know, and only the charts are helpful in discovering what the price could bein the future.

Most calls settled lower, taking out premium. The winners do not win and the losers get killed. Look at howcheap options are that expire next Friday. It tells you the market is going nowhere fast.

Charts remain the same and will offer more clues as the market adds more bars, for now corn and soybeansare closer to resistances, and wheat is wallowing in the lower bracket. I still recommend hedging or selling corn and soybeans against their bracket line resistance.

Next major report is the Final Report in January, and until then looks for more sideways action, and do notlook for the next trend to start until at least that Final report is known.

Want to know what I think for tomorrow and going forward? Subscribe!

The markets covered daily are 2018 & 2019 Soybeans, Corn, and Wheat.

My numbers are sent on part 1 before the night session begins. Commentary follows a few hours later on part 2. (Via your email)

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Futures trading involve the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

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About the author

Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
My mission is to educate you, giving you my 45 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question or comment, email me

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