GRAINS: 09/14/09 Higher closeson the 11 th for corn, Minneapolis , Kansas City and Chicago wheat along with oats while lower for soybeans, soymeal,soyoil and rough rice. Minneapolis KC and Chicago wheatmadenew contract lows again butall of the wheat then rallied to close higher making KEY RE VE RS ALS.Corn (Dec.)settled higher again taking out Thursday's highs acting like their retracement rally should continue up to at least theirresistance from 325 to at least 335 which will be tough to penetrate. Istill expect corn to test 300 where many stops should reside below. Ricesettled sharply lower actually ending down the 50 cents daily limt now settling up for a possible sell signal. Oats closed higher again still holdingit's DOUBLE BOTTOMwhile in retracement type action and holdingthe lower end of a support area. The bean complex also settled lowerlooking very weak overall especially the meal after today's closes. I hold technical Sell Signals for the Soybean complex and Oats.
METALS: 09/14/09 Friday's close was higher, platinum, silverandgold while lower for copper.. All of the metals continue to be in uptrends but copper is showing some potential topping signs. Gold andsilver made new recent highs breaking out of small bull flags but the latter did close near it lows of the session.Platinum rallied sharply making a new contract high and close.
ENERGIES: 09/14/09 Higher settlementsforcrude and natural gas while lower for heating oiland the rbob.The trend for crude is starting to turn back higher but is still lower for theheat and the rbob. Gas closed sharply higher($5000 per contract) still in a down-trend overall but may be starting to turn around