The recent few days wheat and corn experienced a bearish market period. For the sake of decreasing lost in the following week, I would choose to only invest in one future again, before I think I could handle a portfolio.

As shown in the chart in reference 1, the price is fluctuated during the past few days, and drop down latest. There is an indication for long term and short term price trend – long run the price would go down and so is the short run. But at the 24^th, Sept, the price seems to be higher. It is said that “the fast moving average slope is up from previous bar, the slow moving average slope is up from previous bar, price is above the fast moving average, price is above the slow moving average” in reference link source 1^st.[1]

Thus the price would go up or drop down randomly. This is my prediction. I could NOT agree with reference 1 that the price would rally. Perhaps in one day or two the price would go up, but since it is NOT extremely bearish market, the price would also go down because of the harvest season coming soon.

Thus I would think my best option is to short a wheat and long something else. But price of corn also shows a bearish trend. Since I experienced a great lost in the past week, I prefer to stay small share in market and observe how the harvest season would affect the price.

P.S.: Could someone help me how to insert imagine into blog here…?

Reference:

1. http://futures.tradingcharts.com/chart/CN corn chart
2. http://futures.tradingcharts.com/intraday/ZWZ2?anticache=1348462706 wheat chart