This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Friday July 29, 2016. Dec ’16 Cotton: Daily Dec ’16 Cotton: 240 Min.
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Monday July 25, 2016. **Commitment of Traders (futures only as of July 19) CORN -29,758; SOYBEANS +113,276; SRW WHEAT -121,448** Ag Markets Dec ’16 Corn As long as Dec Corn stays below 3.52 the trend is down, however Friday’s strong rally… Read more.
Soybeans have some significant overhead resistance levels to contend with early this week.
Corn struggles to break strongly through last summer’s highs ($4.46^6), although it has been catching buying support on declines toward the $4.35 area.
Corn is again knocking on the door of summer 2015 resistance this morning and will need a boost from the bulls to push through and target the next level at 4.68^2.
Overnight trading carried the market through resistance and into fresh 14 month highs. Buying momentum has picked up a measure of strength despite Friday’s Commitment of Traders report which showed managed money net long 130,798 contracts.
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