We saw a nice rally recently from sub-3.00 and it was rejected at old 340.0 support levels…
In Soymeal, the 342.0 – 358.0 level is what I have been watching lately and participated in a few times. This morning we are back to 342.0 and this is the 8th time we are looking to hold support.
Reminder: The markets are closed on Monday for Labor Day and will re-open on Monday night on a regular Sunday schedule!
I wasn’t able to get any Pre-Dawn Updates out last week but I will do my best to get another one out this week before the 3 day Holiday weekend! Markets are closed on Monday for Labor Day.