let us start with a few observations:

1) The Soybeans closed almost unchanged on the Qtr. closing under 13.965 ( Dec. 2010 close) will now act as your downside pivot. closing over yesterdays close will be your upside pivot. So you have a nice defined zone to play for short term trading.

2) Corn was up big on the qtr. and yesterdays high will become an important technical level ( double top potential)

3) Wheat is the laggard.

4) JJG …For anyone paying attention yesterdays session low was the previous qtrly close. This now becomes a key pivot as well.

Metals..Typically you get some metals weakness on the #. If the metals fail to hold the first big technical lower level today this can turn into a scene out of Dec. 3rd 09 when it keeps going for a very big correction. Again this is pending price action on the first break off the #. Does it hold or does it fail…

Currency traders…it’s all about the Yen crosses! EUR/JPY, AUD/JPY, CAD/JPY…even GBP/JPY might get going over 134.25. Keep on top of your macro levels for areas to lift legs and positively scalp the crosses. The straight Dollar trade will continue to be a nightmare.

Equity Indices will be a “trade what you see” off the levels. Consult your friendly Gnome for the short swings. If we break first and hold off the # don’t fight it.