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Marketing Corner
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CommodityTrends Weekly Newsletter![]() Grains
Nov Rough Rice made a new 12-month low this week at 10.705 (the low on Oct. 09). The next major support level is from the weekly chart and is at 10.070. Keep watching. Dec Soybean Meal has a #1 bottom point at 270.10 (the low on Oct. 01). The #2 point is 282.00 (the high on Oct. 03). Keep watching for a new 1-2-3 bottom formation to take shape. Dec Wheat made new possible #1 bottom point at 497-2 (the low on Oct. 10). Keep watching for all of the 1-2-3 strategy criteria to be met. Metals
Jan Platinum made a new #1 top point at 1,725.70 (the high on Oct. 09). Keep watching for all of the 1-2-3 strategy criteria to be met. Energies
Nov Natural Gas has developed a #1 bottom point at 3.055 (the low on Sept. 23). Its #2 point is 3.585 (the high on Oct. 02). Keep watching for all of the 1-2-3 strategy criteria to be met. Meats
Dec Live Cattle has developed a #1 top point at 243.575 (the high on August 27), a #2 point at 230.075 (the low on Sept. 10). Its new #3 point is 241.350 (the high on Sept. 22). A break below the #2 point could trigger an entry to the downside. If filled, stops can be placed above recent highs-depending on your risk tolerance. The initial target is the blue horizontal support line at 223.925. Keep watching. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
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