A.M. Look 5/18/21

Spoo’s have a double top on the 50X3. They are in a range between yesterday’s low and last nights high.

There is room on the 100X3 to print the high 80’s and back off again.

Grains;

Corn and Wheat want to rally to fill their respective rollover gaps.

Beans; above 6.05 will try to print 6.29

I can’t make a pronouncement that this is the low for a while, however it is tradable to see what if anything develops.

Euro wants to trade 123.47 which is the bottom of the qtly cloud matching 50 Qtr Mvg avg. 123.47 is a 50% level. Respect it the first time up.

Copper; not backing off and taking the miners along with it.

Gold miners need to be bought on weakness. Wait for a break.

RAVN..Raven Industries is up this A.M. The company operates in the agriculture space, hence the interest.


Time to put it on your radar.

There will be no DMI’s for the next two days!

Come into the room and ask your questions.

I will be unavailable from 10:30 CDT -12:30 CDT today.

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