Today could be sleepy. Certainly we have had a big week with fund re-balancing evident as they came for the corn and beans, while exiting longs in Crude Oil and Gold.
Most likely we will have continued choppy, restless trade with a few opportunities for some profitable trades.
For now the markets look relatively quiet, and being Friday coming into the Holidays, I would expect thinly traded markets across the board.
Watch the Stocks for any weakness, as they are vulnerable to a correction lower. How much lower depends on which bearish advisor you like to read the most.
Corn, Wheat And Beans will be pushed around by the fund managers, ie the puppet masters… Typically they come in waves of three days with their buying or selling, then rest.
All in all Keep an eye on those trend lines I described in my last post. With things as whippy as they are, those trend lines can serve as anchors to concentrate on while the noise of the daily trade/chop can be deafening..
Good Trading