The Big Reversal
Presented by Heartland Investor Capital Management Inc. CTA
Corn:
Strong reversal with an outside day up
Fear of early frost supporting prices
Targets seen in 425 to 435 range
Soybeans:
Consolidating above 1140 with bullish pennant formations
Breakout above 1050 could push toward 11 to 12 dollars
Tight carryout potential if yields trimmed
Wheat:
Chicago wheat showing outside day up similar to corn
Support held on intraday charts
Upside targets seen in 538 to 544 range
Cattle:
Live cattle near potential wave three high
Seasonal wave four correction possible into September
Support around 232 for live, 353 to 354 for feeders
Crude Oil:
Wave structure suggests further upside potential
Targets in 66 to 68 range
Hurricane season could add volatility
Weather Outlook:
Cooler temps coming with risk of shortened season
Very dry since July in eastern Corn Belt
Beans need finishing rains to hold yields
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.