11-20-2016

Wishing ALL a Happy Thanksgiving

Markets/Thanksgiving Thursday Nov.24th closed
Friday 25th open 8:30 cdt EARLY CLOSE 12:05

Grains 4 week lows / Crude Oil 4 week lows
Cattle 4 week highs / US $ 4 week highs

March Corn
parabolic=356.75
5 day ma.=348.75 10 day ma=351.25 20 day ma=355.50
50 day ma=352.75 100 day ma=351.75
4 week avg-355.50
close under 349 support is 342

Dec. Corn 2017
parabolic=385.25
5 day ma=378.25 10 day ma=381 20 day ma=384.50
50 day ma=382.25 100 day ma=378.50 20 day ma=389.25
Chart Channel
Res:389-390
Sup: 370-369

Jan Beans
parabolic=1016.75
5 day ma=988.50 10 day ma=992.75 20 day ma=998.25
50 day ma=980.25 100 day ma=993.25 200 day ma=991.75
Chart Channel
Res: 1004-1006
Sup: 974-972
close under 972 support is 954.50-951

Nov. Beans 2017
Res: 997.50-1001.50
Sup: 984.50
close under 984 then 973.50-972

Am still selling rallies corn and beans
Selling sx17 as hedge but covering on the breaks
Trying to take 9-15 pl;us cents out of the market

BE Safe