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SE Iowa | cn testing 6.01... need a close over 6.05 and can run to 6.25-30... watch crude its getting to some res and possible brk up pt...73.88 and would turn charts bullish..esp a close above...wasde will come into focus after today into tues.. numbers dont/will not look bullish...
cattle ...june -12 under cash ...5 day cash 173... I expect support on the june/aug... as long as bull spreads work I fully expect a test of 165-66 before m expires ..but we got some work to do to get momentum turned.....rally friday failed.....a risk is the 3 day uptrend and if Friday low is taken out M could get some down to 161.07 (gap fill) which I would prefer.. | |
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Cattle and corn
