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Dave Reiter
Proprietary trader since 1989. Trading stocks, commodities and crypto is very risky. Not suitable for most people. 90% of all traders lose money.
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Dave Reiter 13h
Replying to @AhmadAtieh00
Thanks!
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Dave Reiter 13h
Replying to @seednigtion
Thanks!
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Dave Reiter 14h
Replying to @CynthiaYeager5
Thanks!
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Dave Reiter 17h
Replying to @CynthiaYeager5
You are correct. Rising corn prices is probably the main reason why cattle have struggled during the past 6 weeks. Cattle will continue to remain vulnerable until LE is able to penetrate 130.30. Thanks!
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Dave Reiter 17h
For the first time since 2012, ZC is in a secular bull market and cyclical bull market at the same time. Very bullish implications.
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Dave Reiter 17h
Is the recent rally in the corn market the "real deal?" Or is this another false breakout? At least for now, this appears to be the "real deal." We have to give ZC the benefit of the doubt because of its ability to penetrate 4.54.
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Dave Reiter 17h
Friday's close above 4.54 has completely changed the tone of the corn market. Very bullish long-term implications. The corresponding number for cattle is 130.30 basis the front LE contract.
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Dave Reiter 18h
Over the course of the past 12 years, the bears were unsuccessful in their attempt to push ZC below $2.90 per bushel. This is a very bullish sign for the future direction of the corn market.
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Dave Reiter 18h
Replying to @Grain1guy
Agree! Should be exciting.
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Dave Reiter 18h
The cyclical bull market began in September 2016. 90% of all cyclical bull/bear markets will last 4 to 8 years. Based on this information, the next peak in ZC will occur between 2020 and 2024.
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Dave Reiter 19h
The next important resistance level is 5.22 3/4 basis ZCZ9.
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Dave Reiter 19h
Extremely bullish chart pattern. It's very rare to see 3 breakaway gaps within a span of 30 days.
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Dave Reiter 19h
Institutional money is flooding into Bitcoin. The next resistance level is 9966. A weekly close above 9966 opens the door to much higher prices.
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Dave Reiter Jun 16
Excellent analysis! Could be.
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Dave Reiter Jun 16
On this date in 1903, Henry Ford incorporated Ford Motor Company. In October 1908, Ford introduced the Model T, with a sticker price of $825. By 1918, 50% of all cars in America were Model T.
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Dave Reiter Jun 16
Yes!
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Dave Reiter Jun 15
Even more bullish for US corn!
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Dave Reiter Jun 15
The momentum traders will enter the corn market in full force. The next important numbers are 5.22 3/4 and 5.73 1/2. The trend is your friend.
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Dave Reiter Jun 15
Replying to @TradesByDave
Tweet #2 Based on my hedging indicators, FMV for ZCZ9 is 5.22 3/4. Therefore, my marketing program will not generate any additional hedge sell signals until ZCZ9 exceeds 5.22 3/4. Weekly close above 4.54 was very bullish.
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Dave Reiter Jun 15
Tweet #1 Excellent week in the corn market. My corn marketing program is 30% hedged on estimated production for 2019. Average sales price is 4.28.
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