Fridays high was 1484. I’d be a scale in seller at 1500 or, consider buying 1400 puts for a minimum loss. 3 or 4: 1 payoff.
In the grains, weather worries sparked short covering rally. I wrote about buying calls last Thursday.
This, in my opinion is a rally to sell. IN CZ13 scale in sells between 5.67 and 5.75. Have buy stops above at 5.87.
That’s about all for today.
Good trading
CER