Month: September 2021

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CJS Oilseeds Monday Tech Magik

Oilseeds Report

27 September 2021

Weekly CBOT Soybean Continuous Close

Another week of zero volatility with no change in the below commentary.

This correction remains far from over and could take a good few weeks, if not months, to complete.

Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

#No Change in Commentary

After printing $12.63 this chart looks set to rally to the $13.40 level.

However, I highly doubt this is the start of the “new” bull market and feel we should trade lower after the ST rally.  

BTD until sub $11.80 should we get there. 

Board Crush Continuous Daily Close

This chart is as ugly as anything I have seen and I would stay out until further notice.

TBH, I would not be surprised to see this chart come off from current levels. 

Oil Share Continuous Daily Close

#No Change in Commentary

We are bullish and long but will put in a stop loss under 44%.

Overall I do not trust the current formation. 

Weekly SAF Soy Continuous Close

#No Change in commentary.

We are looking to buy this chart further into weakness and are “hoping” (which has no place in trading) that this chart still prints R7000 in the coming weeks. 

Weekly SAF Suns Continuous Close

I love this chart with new ATH’s coming soon and TBH who knows how high this could go!

The chart has nice weekly double tops, but the overall formation is there to make a new high, while all pullbacks are buying opportunities, as the bull market is far from over.

I would to buy scale down from R9550. – this is aging pretty well for now.

Weekly CBOT Soy Oil Continuous Close

I am super bullish and starting to wonder if the energy / power issues in China will transpire as the trigger for the below number to play out?

I feel the correction is done, (I feel good about this one) and all the pullbacks from here are buying opportunities with upside targets between $0.85 -$0.89!

I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this is budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

My SBO view and SBM views have converged and buying right here and into weakness is all I will do!

I am starting to wonder if the energy / power issues in China will transpire as the trigger for my bullish view to play out?

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CJS Grains Monday Tech Magik

Grains Report

27 September 2021

Weekly Corn Continuous Close

Breaking!!!!!

Nothing happened on this chart the whole last week, so the below is as relevant now as it was 2 weeks ago.

The chart remains in a corrective phase with very little movement over the last 3 weeks.   

The correction will only break with a weekly close over $6.42.

I would only consider the Bull story to be over should we have a Weekly close under $4.56.

Until then, all the deep dips REMAIN buying opportunities.

The rallies remain selling opportunities (profit taking only) and the dips remain buying opportunities (getting long)!

I REMAIN really bullish in the “big picture” but, we could easily see this market come off after trying to print $5.70, so in short you may well have the chance to get long sub $5.00!

240 Min December 21 Corn Candle Chart Close

Unlike the “World Chumps” who don’t seem to believe in themselves, I believe that this chart is headed toward the $5.55 level.

The market psychology behind this is mainly to make every one nervous who has been sitting back waiting to buy under $5.00, this is psychological warfare on a grand scale.  

The downside dips remain buying opportunities potentially as low as $4.70.

I REMAIN a proponent of BTD’s and take cash on the rallies until we confirm a bull market over $6.00!.

Weekly WM Continuous Close

The chart looks great and the dips are still buying opportunities.

After sounding like a broken record on BTD’s and congratulations to those who did, I would look at taking some cash off the table and making room to buy another dip as the market could look to pullback some within the next week.

However, all the dips remain buying opportunities and R2800 (DEC21) will be on the very low side should we get there with R2700 looking like the bottom of the range on the spot month.

The upside move has not confirmed yet, but currently I feel like MT low is in!

 

Weekly YM Continuous Close

The chart looks great and the dips remain buying opportunities.

Congratulations to all who BTD, even though the chart went a little lower  than my technical comfort level.

All the pullbacks remains buying opportunities.

Once the correction is over (the correction is not yet over) the chart will be looking to break out to the upside by R500 or more and make new MT highs

Weekly KC Wheat Continuous Close

The chart looks great and it’s a buy!

The pullback is over and we are long and waiting to make some green (hope we don’t go home broke). 

 

Weekly Chicago SRW Wheat Continuous

The pullback is over, the chart looks great!

We are long and waiting to make some green (hope we don’t go home broke). 

 

Daily Close KC Wheat v Chicago SRW Continuous Close

I would put in a trailing stop at -$0.09 as this chart might be over, if its not the $0.15 is still on the cards.

Overall, though once this trade is done, we will be sitting out for a few weeks. 

Weekly SAF Wheat Continuous Close

 This chart is distorted and we will now have to wait a few weeks for this chart to play out until taking a view. 

Daily Matif Wheat Continuous Close

This chart looks decent and we are looking to buy scale down to €235.00 as I feel the correction is over with targets over €295.00.

If this chart has a daily close at, or just under €257.00 we will most certainly go square as a failure at those level could see a €50.00 drop in prices.

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CJS FX and FI Monday Tech Magik

FX & FI Technicals

27 September 2021

Dollar/Rand Weekly Close

Another extremely volatile week.

The chart should find some decent resistance around the R15.00 level where most of the MA’s have converged.

The trading ranges remain MASSIVE!

The possibility still exists that we have another leg higher to the R15.86 level, and after thinking it was a low probability, the chart now has made an inverted H&S formation within a much bigger H&S formation with the latter having a target at R11.77.

Good luck and DO NOT get sucked into the market volatility right now and remember you do not have to have a position. 

 

Dollar/Rand Daily Candle

Wild, wild and more wild is all I can add to this charts commentary with the below still valid.

With this chart making a decent inverted H&S, Scenario #2 (from 4 Mondays ago) is still on the cards.

Scenario #2.

The current formation is an irregular flat bear correction that trades back to the R14.20’s, then trades up hard and fast to print between R15.70 – R15.86 to complete the correction while getting everyone and their dog long USD, only to collapse and come down to test the yearly lows and possibly print as low as R11.50.  

Both scenarios will have one wondering because after the ferocity of last week’s fall, there is very little confidence in this chart.

Only a daily close over R15.62 would negate scenario #2.

As with the weekly chart, I would not hold any position now for more than R0.30.

Please don’t wipe yourself out as there will still be plenty of opportunities to come before year-end.     

 

 

Dollar/Rand 240 min Candle

After another massively volatile week that saw R14.80 – R15.03 being very sticky I would not be surprised to see a last move toward the R15.20 level.

Right now the only trade I would put on is selling up scale from  R15.14 – R15.20 with a stop over R15.2350.

The profit taking level would be under R14.60 and hence this trade would have in excess of a 6/1 RR.

Other than this one “potential” trade I would stay far away from this chart until further notice

 

Euro/USD Weekly Close

#No Change in Commentary

The $1.16 level is in line with the 144 week EMA and holding tight.

I still like a move higher but I expect a move  towards the $1.1650 level before going higher.

The general view is now long the EURO until we have a daily close under $1.16!

 

 

US Dollar Index Weekly Candle

#No Change in Commentary

This chart gives me the feeling of whiplashing in size within a small range and all I want to say to myself is DON’T DO IT!

The range is 95 -88 and a dip is a buy of note while a rally and daily close over 95 would aslo get me long also and until then we will sit on our hands and wait!

 

 

SA Government Bond 30 Year Yield Daily Close

#No Change in Commentary

This 10.30% level is sticky as hell, but if it does not hold, then there will still be a decent amount of downside in this chart over the next 12 months.

The ending diagonal formation will be off the table under 10.20%, and right now, I must confess that 9.22% looks very much on the charts.  

Having said all of the above, don’t panic!

The chart is now oversold but can continue lower before kicking, but overall, I would expect a kickback to 10.90% before printing the 9.22%, so you should have time, at least I hope so! – ‘I truly hope this ages well.’ 

 

US Government Bond 30 Year Yield Weekly Close

I am loving the below view!

I would look at buying a move back to 1.90% – 1.80%  that will have upside targets from 2.58% – 2.71%.

Use an SL under 1.70%.

Please note that only a weekly close of over 3.50% will confirm that the trend has been broken.

As for now the downtrend is still intact!

 

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CJS Oilseeds Monday Tech Magik

Oilseeds Report

20 September 2021

Weekly CBOT Soybean Continuous Close

The below commentary has sadly not changed week on week.

This correction remains far from over and could take a good few weeks, if not months, to complete.

Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

After printing $12.63 this chart looks set to rally to the $13.40 level.

However, I highly doubt this is the start of the “new” bull market and feel we should trade lower after the ST rally.  

BTD until sub $11.80 should we get there. 

Board Crush Continuous Daily Close

This chart is as ugly as anything I have seen and I would stay out until further notice. 

Oil Share Continuous Daily Close

We are bullish and long but will put in a stop loss under 44%.

Overall I do not trust the current formation. 

Weekly SAF Soy Continuous Close

#No Change in commentary.

We are looking to buy this chart further into weakness and are “hoping” (which has no place in trading) that this chart still prints R7000 in the coming weeks. 

Weekly SAF Suns Continuous Close

I love this chart with new ATH’s coming soon!

The chart has nice weekly double tops but the overall formation is there to make a new high, while all pullbacks are buying opportunities as the bull market is far from over.

I would to buy scale down from R9550. – this is aging pretty well for now.

Weekly CBOT Soy Oil Continuous Close

I feel the correction is done, (I feel good about this one) and all the pullbacks from here are buying opportunities with upside targets between $0.85 -$0.89!

I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this is budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

#No Change in commentary.

My “fugly” dog that I love so much is taking forever and a day, but I still feel that all dips are buying opportunities.

 I remain in love with this chart even though right now it’s in conflict with my SBO view.

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CJS Grains Monday Tech Magik

Grains Report

20 September 2021

Weekly Corn Continuous Close

How disappointing that on this chart pretty much nothing has changed week on week.

The chart remains in a corrective phase with very little movement over the last 2 weeks.   

The correction will only break with a weekly close over $6.42.

I would only consider the Bull story to be over should we have a Weekly close under $4.56.

Until then, all the deep dips REMAIN buying opportunities.

The rallies remain selling opportunities (profit taking only) and the dips remain buying opportunities (getting long)!

I REMAIN really bullish in the “big picture” but, we could easily see this market come off after trying to print $5.70, so in short you may well have the chance to get long sub $5.00!

240 Min December 21 Corn Candle Chart Close

This correction is taking longer to complete than Quade Cooper waits to take a penalty.

I still like this chart for a rally towards the $5.60 level.

The downside dips remain buying opportunities potentially as low as $4.70.

I REMAIN a proponent of BTD’s and take cash on the rallies until we confirm a bull market over $6.00!.

 

Weekly WM Continuous Close

After sounding like a broken record on BTD’s and congratulations to those who did, I would look at taking some cash off the table and making room to buy another dip as the market could look to pullback some within the next week.

However, all the dips remain buying opportunities and R2800 (DEC21) will be on the very low side should we get there with R2700 looking like the bottom of the range on the spot month.

The upside move has not confirmed yet, but currently I feel like MT low is in!

 

Weekly YM Continuous Close

Congratulations to all who BTD, even though the chart went a little lower  than my technical comfort level.

All the pullbacks remains buying opportunities.

Once the correction is over (the correction is not yet over) the chart will be looking to break out to the upside by R500 or more and make new MT highs.  

Weekly KC Wheat Continuous Close

#No Change in commentary

The pullback is over, this chart is a buy!

We are long and waiting to make some green (hope we don’t go home broke). 

 

Weekly Chicago SRW Wheat Continuous

#No Change in commentary

The pullback is over, this chart is a buy!

We are long and waiting to make some green (hope we don’t go home broke). 

 

Daily Close KC Wheat v Chicago SRW Continuous Close

#No Change in commentary

The chart looks well headed to $0.15 in the coming weeks.

All I can say that I would take a sneaky punt on the chart, but definitely not basket balls and all.  

Weekly SAF Wheat Continuous Close

 I did not expect the squeeze in nearby wheat to be this violent and that the rally over R6000 would come this quick, but alas it has and now all we can do is sit back and allow Sep 21 to go off the board. 

Daily Matif Wheat Continuous Close

This chart looks decent and we are looking to buy scale down to €235.00 as I feel the correction is over with targets over €295.00.

 

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CJS FX and FI Monday Tech Magik

FX & FI Technicals

20 September 2021

Dollar/Rand Weekly Close

The speed at which this market moves would even have Max Verstappen struggling to keep up.    

The chart has now failed to the upside as well, as the downside with the ranges remaining MASSIVE!

The possibility still exists that we have another leg higher to the R15.86 level, and after thinking it was a low probability, the chart now has made an inverted H&S formation within a much bigger H&S formation with the latter having a target at R11.77.

Good luck out there, these markets are all wild, focusing on preserving capital and live to fight another day! 

Dollar/Rand Daily Candle

Straight down followed by straight up, I can’t catch my breath, let alone form a solid view.

With this chart making a decent inverted H&S, Scenario #2 (from 3 Mondays ago) is still on the cards.

Scenario #2.

The current formation is an irregular flat bear correction that trades back to the R14.20’s, then trades up hard and fast to print between R15.70 – R15.86 to complete the correction while getting everyone and their dog long USD, only to collapse and come down to test the yearly lows and possibly print as low as R11.50.  

Both scenarios will have one wondering because after the ferocity of last week’s fall, there is very little confidence in this chart.

Only a daily close over R15.62 would negate scenario #2.

As with the weekly chart, I would not hold any position now for more than R0.30.

Please don’t wipe yourself out as there will still be plenty of opportunities to come before year-end.     

 

 

Dollar/Rand 240 min Candle

After a massive rally there is potentially another R0.15 – R0.20 in it, but overall I feel like R15.00 will provide some much need resistance and allow us all to take stock of what we have seen.

All time frames seem to have decent resistance between R14.80 – R15.03.

I can see no trade here worth taking and would strongly advise staying out until further notice.   

Euro/USD Weekly Close

The $1.16 level is in line with the 144 week EMA and holding tight.

 I still like a move higher but I expect a move  towards the $1.1650 level before going higher.

 The general view is now long the EURO until we have a daily close under $1.16!

 

 

US Dollar Index Weekly Candle

This chart gives me the feeling of whiplashing in size within a small range and all I want to say to myself is DON’T DO IT!

The range is 95 -88 and a dip is a buy of note while a rally and daily close over 95 would aslo get me long also and until then we will sit on our hands and wait!

 

 

SA Government Bond 30 Year Yield Daily Close

#No Change in Commentary

This 10.30% level is sticky as hell, but if it does not hold, then there will still be a decent amount of downside in this chart over the next 12 months.

The ending diagonal formation will be off the table under 10.20%, and right now, I must confess that 9.22% looks very much on the charts.  

Having said all of the above, don’t panic!

The chart is now oversold but can continue lower before kicking, but overall, I would expect a kickback to 10.90% before printing the 9.22%, so you should have time, at least I hope so! – ‘I truly hope this ages well.’ 

 

US Government Bond 30 Year Yield Weekly Close

#No Change in commentary.

I would look at buying a move back to 1.90% – 1.80%  that will have upside targets from 2.58% – 2.71%.

Use an SL under 1.70%.

Please note that only a weekly close of over 3.50% will confirm that the trend has been broken.

As for now the downtrend is still intact!

 

 

 

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CJS Oilseeds Monday Tech Magik

Oilseeds Report

13 September 2021

Weekly CBOT Soybean Continuous Close

The WASDE has changed very little and the below is still in place.

This correction remains far from over and could take a good few weeks, if not months, to complete.

Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

After printing $12.63 this chart looks set to rally to the $13.40 level, I however highly doubt this is that start of the “new” bull market and feel we should trade lower after the ST rally. 

Board Crush Continuous Daily Close

Thank goodness for Stop Profits is all I can say.

This chart is now as ugly as anything I have seen and I would stay out until further notice

Oil Share Continuous Daily Close

We are bullish and long but will put in a stop loss under 44%.

Weekly SAF Soy Continuous Close

We are looking to buy this chart further into weakness and are “hoping” (which has no place in trading) that this chart still prints R7000 in the coming weeks

Weekly SAF Suns Continuous Close

#No Change in commentary.

The chart has nice weekly double tops and we should see a decent pullback from current levels.

However this pullback will be a buying opportunity as the bull market is far from over.

I would to buy scale down from R9550. 

Weekly CBOT Soy Oil Continuous Close

#No Change in commentary

Head on a chopping bloke, the correction looks over!

If I am correct and the correction is done (if feel good about this one) the upside targets will be between $0.85 -$0.89!

I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

#No Change in commentary.

My “fugly” dog that I love so much is taking forever and a day, but I still feel that all dips are buying opportunities.

I remain in love with this chart even though right now it’s in conflict with my SBO view.

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CJS Grains Monday Tech Magik

Grains Report

13 September 2021

Weekly Corn Continuous Close

Technically nothing has changed, the WASDE has also changed little and I don’t have much to add at this stage.

The chart remains in a corrective phase with very little movement over the last 2 weeks.   

The correction will only break with a weekly close over $6.42.

I would only consider the Bull story to be over should we have a Weekly close under $4.56.

Until then, all the deep dips REMAIN buying opportunities.

The rallies remain selling opportunities (profit taking only) and the dips remain buying opportunities (getting long)!

I REMAIN really bullish in the “big picture” but, we could easily see this market come off after trying to print $5.70, so in short you may well have the chance to get long sub $5.00!

240 Min December 21 Corn Candle Chart Close

I like this chart for a rally towards the $5.60 level after printing just under $5.00 after the WASDE last Friday.

The downside dips remain buying opportunities potentially as low as $4.70.

I REMAIN a proponent of BTD’s and take cash on the rallies until we confirm a bull market over $6.00!.

 

Weekly WM Continuous Close

#No Change in Commentary

All the dips are buying opportunities and after having a closer look I feel that R2800 (DEC21) will be on the very low side should we get there, however R2700 is the bottom of the range on the spot month.

My ZAR flat price view is that R3000  – R2800 will be the ultimate low should we get there and that one cannot afford to be caught short as a change of trend can occur at any moment.  

 

Weekly YM Continuous Close

The pullback that is transpiring is going slightly lower than my technical comfort level but all pullbacks are buying opportunities although I would not fancy a daily close under R3135 as it could give way to another R150 lower.

However this fits into the WM view.

Once the correction is over this chart will be looking to break out to the upside by R500 or more and make new MT highs.  

Weekly KC Wheat Continuous Close

 The pullback is over, this chart is a buy!

 

We are long and waiting to make some green (hope we don’t go home broke). 

 

Weekly Chicago SRW Wheat Continuous

The pullback is over, this chart is a buy!

We are long and waiting to make some green (hope we don’t go home broke). 

 

Daily Close KC Wheat v Chicago SRW Continuous Close

#No Change in commentary

The chart looks well headed to $0.15 in the coming weeks.

 All I can say that I would take a sneaky punt on the chart, but definitely not basket balls and all.  

Weekly SAF Wheat Continuous Close

 Once current correction is complete this chart looks set to rally over R6000 in the coming weeks. 

Daily Matif Wheat Continuous Close

I don’t have too much to say other than I have missed a few moves on this market and I am now determined to smash one out the park!

 The correction for me is over and I would buy at best with targets over €295.00.

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CJS FX and FI Monday Tech Magik

FX & FI Technicals

13 September 2021

Dollar/Rand Weekly Close

How the market can change in a few weeks and just how the winds of change have blown through this chart are truly incredible.

I have drawn so many lines on this chart some of you may be more confused than Handre Pollard with kicking tee, but these lines all have significance as I am trying and hopefully not failing in finding the road map to El Dorado.

The chart has failed to the upside, but the ranges are MASSIVE and there is a possibility that we have another leg higher to the R15.86 level, but this has a low probability, while the much bigger H&S formation seems more likely at present and would have a target at R11.77.

I know most of you are saying that can never happen etc and all I can say to that is we have seen negative crude oil, Apple trading over $2T market cap, a 2 week lock down turned into 500 days and the most powerful western nation in history voting in a senile old hack that can’t remember what day of the week it is, so anything is possible and mainly because we think it cant be.

As it stands I still recommend “guerrilla warfare” trading, and I would not hold onto a position for more than R0.30 as the ranges are huge.

The counter intuitiveness of the strong ZAR view is based on a weak economy devoid of imports to offset export and hence we find ourselves here.

In closing not much has changed from last week although I feel this week will see the start of a relief rally and should we see the unlikely move to R15.80 + I would sell the Dollar there or at least but puts as all the USD liquidity does not seem to be leaving us soon.

Keep you eye on US CPI out tomorrow, don’t ask me what it means as the market feels like it has been 12 rounds with a 22 year old Mike Tyson, nothing makes sense anymore.

I will leave you with this thought, maybe none of us are trading FX, commodities or financials etc, maybe we are all just trading a digital asset with a different name!    

 

Dollar/Rand Daily Candle

With this chart making a decent inverted H&S, Scenario #2 put out 2 weeks back is still on the cards.

Only the short time frames and formations they make along with the speed off the correction etc will confirm a move to R15.80 + or a failure before then.

I promise to ring the bell before I get clocked!

Scenario #2.

The current formation is an irregular flat bear correction that trades back to the R14.20’s, then trades up hard and fast to print between R15.70 – R15.86 to complete the correction while getting everyone and their dog long USD, only to collapse and come down to test the yearly lows and possibly print as low as R11.50.  

Both scenarios will have one wondering because after the ferocity of last week’s fall, there is very little confidence in this chart.

Only a daily close over R15.62 would negate scenario #2.

As with the weekly chart, I would not hold any position now for more than R0.30.

Please don’t wipe yourself out as there will still be plenty of opportunities to come before year-end. 

 

Dollar/Rand 240 min Candle

There is little to say here other than we look to be making a ST bottom, but will need a close over R14.36 to confirm.   

There is decent support from R14.10 & R14.00.  

I can see no trade here worth taking and would strongly advise staying out until further notice.   

 

Euro/USD Weekly Close

The $1.16 level is in line with the 144 week EMA and holding tight.

I still like a move higher for this chart but with US CPI out tomorrow we might see another move lower 1st toward the $1.1650 level before going higher.

The general view is now long the EURO until we have a daily close under $1.16!

 

 

US Dollar Index Weekly Candle

I hate to say it, there appears to be a very decent H&S developing and the DXY now appears to be headed lower before it goes higher in line with the white line road map and off the back of the Euro.

However a print over 97.00 would still see the lows in place and a move well over 107.00!

 

SA Government Bond 30 Year Yield Daily Close

#No Change in Commentary

This 10.30% level is sticky as hell, but if it does not hold, then there will still be a decent amount of downside in this chart over the next 12 months.

The ending diagonal formation will be off the table under 10.20%, and right now, I must confess that 9.22% looks very much on the charts.  

Having said all of the above, don’t panic!

The chart is now oversold but can continue lower before kicking, but overall, I would expect a kickback to 10.90% before printing the 9.22%, so you should have time, at least I hope so! – ‘I truly hope this ages well.’ 

 

US Government Bond 30 Year Yield Weekly Close

#No Change in commentary.

I would look at buying a move back to 1.90% – 1.80%  that will have upside targets from 2.58% – 2.71%.

Use an SL under 1.70%.

Please note that only a weekly close of over 3.50% will confirm that the trend has been broken.

As for now the downtrend is still intact!

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CJS Oilseeds Monday Tech Magik

Oilseeds Report

06 September 2021

Weekly CBOT Soybean Continuous Close

I wish there was something to add to the below, but now we all eagerly await the USDA on Friday.

 This correction remains far from over and could take a good few weeks, if not months, to complete.

 Use all the rallies to take profit but keep a core long as the major trend/cycle is up.

Please don’t chase this market as technically there are BULL traps being set everywhere!

 If you are lucky enough to see a move sub $12.40 (November 21), own it for the LT.

240 Min CBOT November 21 Soybean Candle Chart

The market is broken and it’s either looking to print $12.40 or $11.80.

 Should we see a trade sub $12.00, nothing will have changed other than some players will have REAL panic and should this transpire, own it all! 

Board Crush Continuous Daily Close

The below was a great trade and I would put in a stop profit at $0.98!

 This chart is a buy and a scale down buy with a stop under  $0.88..

 I feel that the ST correction is over and that this chart could easily rally to $1.20.    

Oil Share Continuous Daily Close

This chart is still bullish and I would at best!

Weekly SAF Soy Continuous Close

#No Change in commentary.

 I have not been sold on this chart breaking much higher and as it stands I am still not that bullish.

 The level we all need to watch closely is R7600 as a move under this could see the chart drop with R300 – R500.

Weekly SAF Suns Continuous Close

#No Change in commentary.

 The chart has nice weekly double tops and we should see a decent pullback from current levels.

However this pullback will be a buying opportunity as the bull market is far from over.

 I would to buy scale down from R9550. 

Weekly CBOT Soy Oil Continuous Close

#No Change in commentary.

 Head on a chopping bloke, the correction looks over!

 If I am correct and the correction is done (if feel good about this one) the upside targets will be between $0.85 -$0.89!

 I almost feel that we don’t have enough cash to get as long as we should, buy at best and scale down, this budget making stuff with sprinkling of retirement!!!!  

Weekly CBOT SBM Continuous Close

#No Change in commentary.

 My “fugly” dog that I love so much is taking forever and a day, but I still feel that all dips are buying opportunities.

 I remain in love with this chart even though right now it’s in conflict with my SBO view.