Reports out that Bin Laden was shot in the left eye. His body was photographed, DNA was taken. Then he was buried at sea. I think I speak for every one on the political spectrum that this was a good outcome. Of course, there are probably 50 people standing in the wings waiting to take his place on the world stage.
Be that as it may, its still good he was brought to justice.
For sure markets will move on this. So far today we moved to within 93 points of the 12,920 tick. 13,140 is the May 2008 high. Technically this should should be resistance.
The grains remain a weather play. Every 12PM weather forecast will bring out the bulls or the bears, depending on what they say.
On a bullish note, we need a perfect growing year to meet demand. So far it has not been a perfect growing year.
I hope you covered profits in Cotton. If you didn’t, use today’s weakness to get it done.
That is all
CER
Good Trading