Do Or Die For The Dollar
Presented by Heartland Investor Capital Management Inc. CTA
U.S. Dollar:
Below long term trendline
Threatening key 95.85 support
Weakness encouraging fund short covering in grains
Corn:
Holding above 4.30 multiple sessions
Resistance near 4.32 to 4.33
Wave three structure developing
Potential support from export demand including China
Kansas City Wheat:
Best close of week and year
Strongest continuation close since last July
Funds likely exiting short positions
Target zone 5.60 to 5.75
Basis may weaken if rally is technical
Soybeans:
Made new annual high near 10.84
Closed lower but held 200 day average
July contract testing 11.00 to 11.11
Argentina weather remains key
Early February volatility likely
Gold and Silver:
Extreme intraday volatility
Gold down sharply then recovered
Silver saw 15 percent correction
Markets entering unstable phase
Crude Oil:
Spiked on Iran tensions
Key resistance near 66.48
Close above threatens bearish structure
Trend still fragile
Cattle:
Inventory report after close Friday
Herd expected slightly lower
Replacement heifers increasing
April cattle stuck at 0.786 retracement
Closed weak
Feeder Cattle:
Support near 15 day moving average
Key level around 360
Close below signals technical trouble
Potential head and shoulders forming
Outlook:
Short term constructive for corn wheat and beans
Dollar weakness remains supportive
Metals and energy highly unstable
Livestock facing technical pressure into February
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.