Grains Fly and Cattle Die
Presented by Heartland Investor Capital Management Inc. CTA
Corn
Support at 416 418 with resistance near 425 and 434 444
December contract defies bear calls for 350
Demand and basis improvements supportive
Soybeans
Two day surge above 10.25 on Trump Xi trade optimism
Support at 1010 1012 zone
Potential rally into late month as harvest eases pressure
Wheat
Following corn and bean strength but less momentum
Charts show support holding above last year’s lows
Feeder Cattle
Resistance at 362 363 capped rally
Risk of sharp decline to 330 if border reopens
Wave C downside move possible if 49 support breaks
Crude Oil
Breakdown through 61.50 confirms larger downtrend
Wave three targeting 57 near term
Seasonal low expected late December to early January
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.