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Dave Reiter
Proprietary trader since 1989. Trading stocks, commodities and crypto is very risky. Not suitable for most people.
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Dave Reiter 4h
Huge breakout in the Dollar Index. A Friday close above 97.71 opens the door to a move above par within the next 6 months.
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Dave Reiter 4h
Replying to @HansKlo52217090
Currently 65.76 basis the June contract. Probably stays above 65 overnight. Thanks!
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Dave Reiter 4h
Replying to @bigD_K
Tweet #4 Although you asked about HRW, my suggestion is to focus on the Chicago contract. Over 70% of the speculative volume occurs in Chicago wheat.
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Dave Reiter 4h
Replying to @bigD_K
Tweet #3 In August 2018, wheat reached its highest level in 3 years. Therefore, the market was overdue for a correction. I'm not worried as long as Chicago stays above 3.59.
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Dave Reiter 4h
Replying to @bigD_K
Tweet #2 During the last bear market in 2000, wheat traded sideways for 5 years before it finally entered a bullish phase. Therefore, wheat could drift sideways for the next 3 years before it generates a bullish breakout.
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Dave Reiter 4h
Replying to @bigD_K
Tweet #1 Quite honestly, I'm not concerned about the recent price action. Not yet. Wheat follows an 18-year cycle. The cycle is still intact as long as Chicago wheat stays above 3.59.
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Dave Reiter 8h
"V-shaped" recovery in crude oil. This is a very rare chart pattern and usually quite bullish. The minimum upside target is 76.90.
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Dave Reiter 10h
Bitcoin needs to penetrate 5704 within the next few days in order to maintain its momentum.
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Dave Reiter Apr 23
Don't be surprised if the breakaway gap is filled @ 1.0806. 85% of all gaps are eventually filled. Corporate treasury departments will be forced to buy the Dollar and sell the Euro in order to take advantage of the interest rate spread.
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Dave Reiter Apr 23
Investors are finally beginning to realize that the interest rate spread between the EU and USA will remain in favor of the US for an extended period of time. Not good for the Euro.
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Dave Reiter Apr 23
Replying to @BigBrett58 @drtodor
Smart move. I'm long HEM @ 83.10. Protective stop is 74.80. Profit target is 108.00. I would start to get nervous on a weekly close below 92.10. Probably best to remain on the sidelines. Happy trading!
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Dave Reiter Apr 23
The bulls are in trouble on a weekly close below 14.76.
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Dave Reiter Apr 22
Replying to @BigBrett58 @drtodor
Hog market is very bullish. However, very few traders will make money. Thanks!
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Dave Reiter Apr 22
Replying to @drtodor
The fundamentals are incredibly bullish. Unfortunately, this is no big secret. All traders know the hog fundamentals are bullish. Eventually, hogs will exceed $1.30 per lb. However, there will be several violent declines along the way. Very few traders will make money. Thanks!
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Dave Reiter Apr 22
Replying to @Brock71254579
I agree with your analysis 100%.
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Dave Reiter Apr 22
Replying to @seednigtion
You are correct!
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Dave Reiter Apr 22
Excellent year for men's basketball @ TTU. My daughter attended the Final Four in Minnesota. Great time.
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Dave Reiter Apr 22
Replying to @thepick01
Yes!
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Dave Reiter Apr 21
Replying to @jsbuyem @775_Cattle
Daughter attends Texas Tech.
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Dave Reiter Apr 21
Replying to @jsbuyem @775_Cattle
Funny!
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