r e l a t i v e // strength

grains and crude 9/21

The grains moved higher Thursday, which may have been led largely by the belief that a low has been posted along with continued strong demand. Given the time of year, though, these gaps up may present selling opportunities in front of harvest pressure

Crude has been steadly eroding with the end of the driving season along with bearish reserve info. It may soon be overdone on the downside and it only takes one geopolitical event/non-event to reignite the fire, so to speak. The chart below shows recent weakness. Participation using the eminiNY may be the safest approach.

Chart is from ProphetX.

posted by jared @ 10:44 PM