Sean Pledger

For the week ahead I intend on investigating charting software and tools commonly used for price analysis and trading. While reading a blog on trading I was introduced to a website esignallearning.com. The site appears to offer free instructional videos on trading strategy. Other trading software that has been brought to my attention are Bloomberg Professional and ProRealTime. These systems all very in cost and features but I feel it will be quite beneficial to understand their basic usage of.

As for trading, I hope to get out of my long positions on soy with minimal losses. I will be watching corn quite closely but I expect a fair bit of volatility following Fridays limit trading. In the long run I expect that the price will slump back to the mid to low 700’s by December. The main trading strategy I plan on investigating this week is spreading. As I have yet to look at any active contract spreads I’m not sure which commodities I’ll be trading but after the weeks assignment I feel I understand the potential strategies enough to dive right in.