Over night trade was relatively quiet. With Thanksgiving on tap this Thursday and the end of month on tap, we may have seen all the business for the month.
Currently the markets are mixed. Gold posted a high overnight at 1.171.70, Silver posted a high at 18.68, Crude posted a high at 77.80.
In the stock indexes, we had a high at 110700 in the SPZ, a high at 10,441 in DJZ in mostly quiet trade.
In the Jan beans, we had a high at 1049 1/4, once again having resistance show up at the 1050 strike price area. For the night, SF settled at 1038, down 4 cents.
December Corn posted a high at 387 1/4 and settled down 1-1/2 cents at 386. December wheat settled at 558, after posting a high at 559 3/4 and a low at 553 1/4.
Most of the trading will be finished by 12PM EST time today as people roll out early for the holiday weekend.
If there’s anything interesting on tap, I will do a quick update. In general, watch out for the round number resistance and the option strike prices to attract trade to those prices today.
All in all, I would look for thin, choppy markets with potential for vacuums at certain prices, since liquidity will be less than usual.
Good Trading
