FOR FRIDAY: (11/16) Cycles are volatile into Friday and while grains seem lower and meats also, we have some unusual cycles so watch closely and be prepared.
JAN. SOYBEANS
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (11/16) Beans finally took out the 888 region overnight. We had started to give up on them. If beans hit 906-7, they may set up a short on Friday. China rumors have the market going again. We may be open to selling an overbought condition by early Sunday if the market spurts on Friday.
CYCLES OVERVIEW: Volatile Friday; lower Sunday into Monday.
