Spu’s & Nasd are both higher on the month. if they maintain higher after tomorrow’s Fed Minutes release, look for this to continue into Friday’s close.

OIL... Price action over 81.50 will run out the shorts on the point & Figure chart. Resistance is 82.45 with a close over 83.15 needed for bottoming action.

Brent…84.50 is support. This now becomes the downside closing pivot as well.

Closes under 84.50 is needed for another swing down.

Brent has been holding every break to 84.50 support. This is the key to trading Oil.

Grains…Bottoming…

JJG breaks out to the upside with a close over 37 for another 10%. First tgt is 40 followed by an eventual 42 print.

Soybeans…Beans completed their first objective last week @ $10. Price action over 10.15 should lead to a 10.614 print. if the beans start a yearly retrace, $12 is in the cards.

Corn…is attempting an ORH month. A Friday close above 3.595 confirms the pattern.

I’m looking for an initial 60 cent rally.

Wheat…5.60-65 is the first tgt. 60 cents is the second, half way back up on the year.