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Daily Market Intelligence 4:13:16
Stocks… Spu’s…need sustained price action and a close below 2031 to weaken. Bonds.. 30 Yr….163.02-04 is resistance today. FX… GBP/USD…Sterling continues to be the weak currency on the crosses. Commodities… Soybeans…is looking up. It’s been holding retrace support above 8.88. … Continue reading
Soybeans…are poking up above it’s 200 DMA. I am friendly to the grain pattern with an 8.88 closing stop. Let the day session get going after 9:30 CDT to see whether the pattern has legs. The general Dollar weakness is … Continue reading
Wheat, Soybeans & Gold is where the Money is going. Grains are trying to break out to the upside. Wait for the close for confirmation of strength. Soybeans Soybeans Weekly JJG