Soybeans and corn- No good comment, 9.72 as we drift around into harvest. SX 9.84 and 9.89.25 if looking for sell levels. May beans hit TL resist at today’s highs. This is long term off the tops. Corn is perpetually at 3.49-ish. Rumblings on Brazil weather but I do not know if true.
Bean oil- OLB 32.32 hit and filled last week. 32.97 is Macro TL and holding. 33.21 if looking for where we might, might light up, another TL.
Wheat- funds feel like auto pilot selling, funds short again. 4.37 last. A case can be made head and shoulders top. Yikes but let funds press this.
Cattle- We hit a small OLS in Feb live 121.00. Play this tight because another set above but this is valid if mkt is ready to top, this is a number. There are some sell levels here or above if looking to sell feeders.
Cotton- This was pretty at 67.40 and blasting fast to 70 cents pretty fast.
This had olive colored buy at 67.40 with a few right underneath. This did rally 250 in two days priced to high tick, so far.
Stocks- We are now in the 11th day of latest pattern but we are also within upward longer and shorter term patterns. Spus hit 2549 T#1, 2558 next. Dow Jones- I do not have anything here. Nasd continues in OLS VIO mode meaning this goes higher to my targets which are, higher.
It is a Bank holiday today so action is subdued.
Stocks continue march higher. I have said big tech, and more pay no US Income tax. This is starting to come out more to the public. You did know they pay no income tax right?