The Power Of Gravity
Presented by Heartland Investor Capital Management Inc. CTA
Wheat
Deliveries pressured Chicago and Kansas wheat early
Kansas hit 720 target completing wave three advance
Market now correcting likely into wave four chop phase
Forecasts still missing key drought areas limiting downside
Post harvest rally could come earlier than normal due to poor crop
Corn
Old crop pushed to 480 overnight before backing off
December corn tested near five dollars with outside day action
Brazil safrinha crop facing dryness concerns
China demand speculation continues supporting market
Upside targets remain near 490 old crop and 520 new crop
Soybeans
Beans continue breakout pattern pushing toward 12 dollars
July led rally with strong continuation structure
Gap fill held and market climbing steadily higher
Bias remains bullish into early May trade
Cattle
Market pausing after strong 15 day rally
Minor correction likely short lived before recovery
Upside target remains near 262 in live cattle
Feeders holding firm below resistance with bullish bias intact
Crude Oil
Pulled back after testing above 110 overnight
Support holding on short term moving averages
Weekend rallies remain a pattern to watch
Upside target remains 115 to 116.50 range
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.