Tech Talk | Oliver Sloup 11.17.2021

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Corn: As we pointed out yesterday, we do like selling into this resistance, (580-586). We do have a little bit of a double top, but a break-out above it will negate our selling, and we would look to exit. 550 was the breakout point from October 27, which is technically & psychologically significant to us

Soybeans: We had came into a resistance level hit today, and to the bears dismay it reached our tap out levels. Take your medicine and retreat.

Cattle: We are looking at the April contract which has been stagnant. There is a wedge forming, and we need to see the prices edge past this to the upside to keep the momentum on the bull's side.

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