A.M. Look 7/1/21

It’s a commodity led morning.

Oil is trading @ its .618 of the life of Oil. No buying strength into the level.

Soybeans have completed a 50% retrace of the break. Be patient.

Silver is leading the precious metals, with Gold/Silver falling below its 50 DMA.

Platinum is @ its 200 DMA on an Active Daily Continuation.

Euro is getting a bid, particularly against the Yen.

CAD/JPY is responding to Oil and Grains, both of which were discussed in the room yesterday with Yra.

Pay attention for new fund buyers early in the Indices.

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