A.M. Look 12/7/20

Everyone is waiting on Mitch to see if he’s going to don his green Grinch hat.

Spoo’s…would need a 3662.50 print for a back and fill on the 50X3.

Soybeans…It will take into the end of the week the beginning of next for more clarity. 11.20’s seems to be in the cards.

Copper…this is an important look!!
3.60 is a decade retrace. Lots of spreads can get unwound against this level.

Index traders take it easy today. We’ve seen Monday’s start out like this only to see mid-week strength.

Below is an Bloomberg article on Water. My take is that this reporter spoke with the wrong expert.

https://www.bloomberg.com/news/articles/2020-12-06/water-futures-to-start-trading-amid-growing-fears-of-scarcity?sref=zjQlGa6U

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