Technical Ag Knowledge VIDEO Analysis Dec 13

December 13, 2018 by Tom Dosdall

Good afternoon!

The theme today is key resistance holding for several of the markets we follow. Historically, these have been good areas to sell or hedge production. A close above, in my opinion, should be viewed as technically bullish.

Which markets should you be watching?

Jan Soybeans hold below the July highs, buy the China rumor, sell the fact?
Nov 2019 Soybeans hold below trend line resistance,
March Corn hold below multi month resistance at 388-0,
Dec 2019 Corn unable to push through the 200 day moving average (again),
July KC Wheat closes right on the 50 day moving average, has not been above since August,
Feb Feeder Cattle close near contract highs, trend line resistance,
US Dollar maintains bullish trend line support,
Feb Natural Gas breaks lower support line, weak
Crude Oil holds base of support near 50.00

Contact your broker to discuss your trading or hedging plan!

This article originally appeared in the Technical Ag Knowledge Newsletter “Resistance Holds **VIDEO**” at 12/13/18 02:36:36 PM.

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Market Perspective: 80% technical 20% fundamental