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Most of commodities have been in doldrums past two weeks, but here are
some items you might like to check. #1 How about the Dec wheat? Been
going sideways several days but now it's sitting on short term support
367.61.
Second support at 364.50. So, it looks like its ready to go up.. Put
in a buy order at 365--366 in that neighborhood. Its clear for a run all
the way up to 395.28 before hitting any resistance. Chance of making a
couple grand. Just calling it to your attention. #2 Take a look at
the Dec Corn. That's a nice sideways channel of over ten days with a
bottom at about 265. Some at 262. 263, 264. Ready to break out to go
short. Looks like an opportunity. #3 Take a look at Nov Beans. Another
good example of a 13 day channel. So, there you are-- nothing fancy--
just using ye ol' metastock charts in their purist form. Something we
might play on Monday. Not predicting anything== just calling it to your
attention. Won't take but a few days to prove the ol' man right or
wrong. Good luck. T.C.
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