gold, grains, sugar 9/8
goldThe chart for dec gold shows an intermediate downtrend that is intact. Clearing through the 615 area on the downside should open things up a bit, but confirmation will be needed. More downside potential exists.
grains
Corn is mostly messing around right now without much meaning to the direction. The market will likely position itself ahead of the report at a support level due to the anticipation of bearish numbers, but there will be more significance for the October report when a higher percentage is harvested.
sugar
The chart may test the 11c area soon. The current pauses in the mid-11c area lend some credibility to the argument of an eventual thrust downward.
posted by jared @ 4:33 AM
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