To Catch A Falling Knife
Presented by Heartland Investor Capital Management Inc. CTA
Cattle:
Possible low watermark formed today ahead of Thanksgiving
Live cattle holding major trendline and Fibonacci support near 205
Feeder cattle rebounding after limit down
Mexican border risk still the main obstacle
Seasonal lows often arrive by Pearl Harbor Day
Corn:
Export inspections running hot near 50 percent of yearly USDA target
China not even in yet which leaves upside demand risk
Technical support intact with a potential push toward 470
USDA yield likely overstated heading into January report
Soybeans:
Basing near 1120 with potential B-wave bounce to 1150 range
C wave likely ahead depending on Brazil rainfall
Still stabilizing rather than fully turning
Wheat:
Holding 62 percent retracement support
Chicago quiet but steady
Kansas City showing stronger action by taking out previous highs
Needs a move over 430 to confirm momentum into January
Energy:
Heating oil spike fades as expected
Two to three day spike pattern repeats
Potential diesel buying opportunity into year end
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.