Silver Continues To Explode
Presented by Heartland Investor Capital Management Inc. CTA
Silver
Monthly chart shows historic breakout after decades of suppression
Short squeeze continues with momentum toward higher objectives
Correction risk elevated with potential 10 percent pullback before resuming higher
Long term destination discussed near 100
Live Cattle
Market stalled on rumors of lower northern bids
226 level and 75 day moving average critical support
Failure below support suggests deeper corrective wave
Strength above recent highs reopens 238 to 239 upside targets
Feeder Cattle
Holding 15 day exponential moving average after early weakness
238 critical near term support with 237 as line in the sand
Hourly chart shows 336 as major downside trigger
Seasonal tendency favors strength into holidays before January risk window
Corn
Trend remains constructive with steady grind higher
450 area remains major resistance on longer term charts
Holding intraday moving averages supports continuation higher
Next impulsive leg likely develops ahead of January crop report
Soybeans
Market failed to participate in rally and remains below 200 day average
Seasonal weakness persists into late December
Argentina dryness may become next bullish catalyst
Support expected near mid 1050s before another attempt higher
Soybean Meal
Continuation chart shows improving structure
Argentina dryness could tighten global meal supplies
Pullbacks toward 300 possible but trend attempting to turn higher
Bean Oil
Stalled after lack of policy announcements
Support near early November lows held on close
Market awaiting EPA guidance for renewed direction
Kansas City Wheat
Multiple days higher off last week’s low
Testing 200 day moving average resistance
Potential for acreage reduction supportive into January 12 report
Holding above 532 strengthens bullish outlook
Chicago Wheat
Continuation chart holding major retracement support
Still lagging Kansas City wheat on fundamentals
Needs further basing before testing 200 day moving average
Crude Oil
Strength tied to Venezuelan supply issues and geopolitical risks
Seasonal bounce possible through holidays
Primary trend remains lower since June
Risk of renewed decline in early new year
Diesel Fuel
Bounced from major retracement support near 210
End user buying opportunities highlighted for tax needs
Post year end weakness expected toward 200
Better buying window likely for spring and summer demand
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.