INO Morning Market Commentary
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Started by tallpine - June 13, 2022, 8 a.m.

KEY EVENTS TO WATCH FOR:

 



 

 

Tuesday, June 14, 2022  

 



 

 

6:00 AM ET. May NFIB Index of Small Business Optimism

 

                       Small Business Idx (previous 93.2)

 



 

 

8:30 AM ET. May PPI

 

                       PPI, M/M% (previous +0.5%)

 

                       Ex-Food & Energy PPI, M/M% (previous +0.4%)

 

                       Personal Consumption (previous +0.1%)

 



 

 

8:55 AM ET. Johnson Redbook Retail Sales Index

 

                       Ret Sales Mo-to-Date, M/M%

 

                       Ret Sales Mo-to-Date, Y/Y%

 

                       Latest Wk, Y/Y%

 



 

 

10:00 AM ET. June IBD/TIPP Economic Optimism Index

 

                       Economic Optimism Idx (previous 41.2)

 

                       6-Mo Economic Outlook (previous 33.2)

 



 

 

4:30 PM ET. API Weekly Statistical Bulletin

 

                       Crude Stocks, Net Chg (Bbls)

 

                       Gasoline Stocks, Net Chg (Bbls)

 

                       Distillate Stocks, Net Chg (Bbls)

 



 

 

  N/A               U.S. Federal Open Market Committee meeting

 



 

 

Wednesday, June 15, 2022   

 



 

 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

 

                       Composite Idx (previous 288.4)

 

                       Composite Idx, W/W% (previous -6.5%)

 

                       Purchase Idx-SA (previous 208.2)

 

                       Purchase Idx-SA, W/W% (previous -7.1%)

 

                       Refinance Idx (previous 709.5)

 

                       Refinance Idx, W/W% (previous -5.6%)

 



 

 

8:30 AM ET. May Advance Monthly Sales for Retail & Food Services

 

                       Overall Sales-SA, M/M% (previous +0.9%)

 

                       Sales, Ex-Auto, M/M% (previous +0.6%)

 

                       Sales, Ex-Auto & Gas, M/M% (previous +1.0%)

 



 

 

8:30 AM ET. May Import & Export Price Indexes

 

                       Import Prices (previous +0%)

 

                       Non-Petroleum Prices (previous +0.4%)

 

                       Petroleum Prices (previous -2.9%)

 



 

 

8:30 AM ET. June Empire State Manufacturing Survey

 

                       Mfg Idx (previous -11.6)

 

                       Employment Idx (previous 14.0)

 

                       New Orders Idx (previous -8.8)

 

                       Prices Received (previous 45.6)

 



 

 

10:00 AM ET. June NAHB Housing Market Index

 

                       Housing Mkt Idx (previous 69)

 



 

 

10:00 AM ET. April Manufacturing & Trade: Inventories & Sales

 

                       Total Inventories (previous +2.0%)

 



 

 

10:30 AM ET. EIA Weekly Petroleum Status Report

 

                       Crude Oil Stocks (Bbl) (previous 416.758M)

 

                       Crude Oil Stocks, Net Chg (Bbl) (previous +2.025M)

 

                       Gasoline Stocks (Bbl) (previous 218.184M)

 

                       Gasoline Stocks, Net Chg (Bbl) (previous -0.812M)

 

                       Distillate Stocks (Bbl) (previous 108.984M)

 

                       Distillate Stocks, Net Chg (Bbl) (previous +2.592M)

 

                       Refinery Usage (previous 94.2%)

 

                       Total Prod Supplied (Bbl/day) (previous 20.227M)

 

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.715M)

 

                        

 

2:00 PM ET. U.S. interest rate decision

 

                       Federal Funds Rate

 

                       Federal Funds Rate Change (Pts)

 

                       Fed Funds Rate-Range High (previous 1.00)

 

                       Fed Funds Rate-Range Low (previous 0.75)

 

                       FOMC Vote For Action (previous 10)

 

                       FOMC Vote Against Action (previous 0)

 

                       Discount Rate (previous 1.00)

 

                       Discount Rate Change (Pts) (previous +0.50)

 

                       Discount Rate-Range High

 

                       Discount Rate-Range Low

 



 

 

2:00 PM ET. Federal Reserve economic projections

 

                       Median Fed Funds Rate - 2022 (previous 1.9%)

 

                       Median Fed Funds Rate - 2023 (previous 2.8%)

 

                       Median Fed Funds Rate - 2024 (previous 2.8%)

 



 

 

4:00 PM ET. April Treasury International Capital Data

 


The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes  

 



 

The STOCK INDEXES: The June NASDAQ 100 gapped down and was sharply lower overnight as it spiked to a new low for the year. Overnight weakness was triggered by last-Friday's release of May's CPI data on inflation, which showed price increases unexpectedly rose from April's 8.3% level to 8.6% in May. That marked the biggest jump since late 1981, and took out the prior 41-year high set in the March CPI, which rose 8.5%. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If June extends this year's decline, the 50% retracement level of the 2018-2021 rally crossing at 11,324.15 is the next downside target. Closes above the 10-day moving average crossing at 12,419.23 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 12,419.23. Second resistance is the 50-day moving average crossing at 13,016.24 First support is the overnight low crossing at 11,433.75. Second support is the 50% retracement level of the 2018-2021 rally crossing at 11,324.15.



The June S&P 500 gapped below the 87% retracement level of the 2021-2022 rally crossing at 3894.79 as it extends the decline off January's high and was lower overnight as it extends this year's decline. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends this year's decline the contract low crossing at 3759.50 is the next downside target. Closes above the 10-day moving average crossing at 4063.60 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 4027.29. Second resistance is the 10-day moving average crossing at 4063.60. First support is the overnight low crossing at 3797.50. Second support is the contract low crossing at 3759.50. 



INTEREST RATES http://quotes.ino.com/ex changes/?c=interest"



INTEREST RATES: June T-bonds were lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, May's low crossing at 134-30 is the next downside target. Closes above the 50-day moving average crossing at 140-23 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 139-29. Second resistance is May's high crossing at 142-22. First support is the overnight low crossing at 135-19. Second support is May's low crossing at 134-30.



June T-notes extended last-Friday's breakout below key support marked by May's low crossing at 117.085 as it extends this year's decline. Overnight weakness sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, the April-2010 low on the monthly continuation chart crossing at 114.265 is the next downside target. Closes above the 50-day moving average crossing at 119.124 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 118.037. Second resistance is the 50-day moving average crossing at 119-124. First support is the overnight low crossing at 115.305. Second support is the April-2010 low on the monthly continuation chart crossing at 114.265. 



ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""



ENERGIES:July crude oil was lower overnight after U.S. consumer prices rose more than expected on Friday and China imposed new COVID-19 lock down measures. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $114.75 would signal that a short-term top has been posted. If July extends the rally off the April 25th low, monthly resistance crossing at $130.50 is the next upside target. First resistance is last-Wednesday's high crossing at $123.18. Second resistance is monthly resistance crossing at $130.50. First support the 20-day moving average crossing at $114.76. Second support is the 50-day moving average crossing at $106.81.  



July heating oil was lower overnight following last-Friday's downside reversal that was triggered by a jump in the CPI index released last-Friday. Overnight trading sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, monthly resistance on the continuation chart crossing at $4.7817 is the next upside target. Closes below the 20-day moving average crossing at $3.9894 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $4.5135. Second resistance is monthly resistance on the continuation chart crossing at $4.7817. First support is the 20-day moving average crossing at $3.9894. Second support is is the 50-day moving average crossing at $3.6977.



July unleaded gas was lower overnight as it extends the trading range of the past six-days. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that the market is vulnerable to a downside correction near-term. Closes below the 20-day moving average crossing at $3.9455 would signal that a short-term top has been posted. If July extends the rally off May's low into uncharted territory, upside targets will be hard to project. First resistance is last-Monday's high crossing at $4.3260. Second resistance is unknown.First support is the 20-day moving average crossing at $3.9455. Second support is the 50-day moving average crossing at $3.5619.    



July Henry natural gas was lower overnight as it extends the trading range of the past three-weeks. Overnight trading sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Thursday's low crossing at 8.016 would confirm a downside breakout of the aforementioned trading range while opening the door for a possible additional weakness near-term. If July renews the rally off May's low, the 62% retracement level of the 2005-2020-decline on the monthly continuation chart crossing at 10.299 is the next upside target. First resistance is last-Wednesday's high crossing at 9.664. Second resistance is the 62% retracement level of the 2005-2020-decline on the monthly continuation chart crossing at 10.299. First support is last-Thursday's low crossing at 8.016. Second support is the 50-day moving average crossing at 7.797.      



CURRENCIEShttp://quotes.ino.com/ex changes/?c=currencies"



CURRENCIES:The June Dollar gapped up and was higher overnight as it extends the rally off May's low. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, May's high crossing at $105.065 is the next upside target. Closes below the 50-day moving average crossing at $102.198 would signal that a short-term top has been posted. First resistance is May's high crossing at $105.065. Second resistance is the 75% retracement level of the 2001-2008 decline crossing at $108.717. First support is the 50-day moving average crossing at $102.198. Second support is the May 30th low crossing at $101.300.  



The June Euro was lower overnight as it extends the decline off last-Thursday's high. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off last-Thursday's high, May's low crossing at $1.03615 is the next downside target. Closes above the 50-day moving average crossing at $1.06929 would signal that a short-term low has been posted. First resistance is the May 31st high crossing at $1.07935. Second resistance is the April 21st high crossing at $1.09585. First support is the overnight low crossing at $1.04585. Second support is May's low crossing at $1.03615.  



The June British Pound was lower overnight as it extends the decline off May's high. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends last-week's decline, May's low crossing at 1.2156 is the next downside target. Closes above the 20-day moving average crossing at 1.2495 would signal that a short-term low has been posted. First resistance is May's high crossing at 1.2667. Second resistance is the April 14th high crossing at 1.3145. First support is May's low crossing at 1.2156. Second support is the 87% retracement level of the 2020-2021 rally crossing at 1.1914.



The June Swiss Franc was lower overnight as it extends the decline off May's high. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, May's low crossing at 0.99485 is the next downside target. Closes above the 50-day moving average crossing at 1.03812 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.02864. Second resistance is May's high crossing at 1.04840. First support is the overnight low crossing at 1.00570. Second support is May's low crossing at 0.99485. 

 

The June Canadian Dollar was lower overnight as it extends the decline off last-Tuesday's high. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the aforementioned decline, the May 18st low crossing at $77.53 is the next downside target. Closes above the 10-day moving average crossing at $79.11 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $77.78. Second resistance is May's high crossing at $79.88. First support is the May 18th low crossing at $77.53. Second support is May's low crossing at $76.45.



The June Japanese Yen was slightly lower overnight and spiked below the 2002 low on the monthly continuation chart crossing at 0.074150 as it extends this year's decline. Overnight trading sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, the August-1998 low on the monthly continuation chart crossing at 0.068730 is the next downside target. Closes above the 20-day moving average crossing at 0.076991 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 0.075709. Second resistance is the 20-day moving average crossing at 0.076991. First support is the overnight low crossing at 0.073985. Second support is the August-1998 low on the monthly continuation chart crossing at 0.068730.  

 

PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals"



PRECIOUS METALS: Augustgold was lower overnight and it extends the trading range of the past four-weeks. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes below last-Friday's low crossing at $1826.50 would mark a potential downside breakout of the aforementioned trading range while opening the door for a possible test of May's low crossing at $1792.00. If August extends the rally off May's low, the 50-day moving average $1890.30 is the next upside target. First resistance is the 50-day moving average $1890.30. Second is the 38% retracement level of the March-May decline crossing at $1905.00. First support is last-Friday's low crossing at $1826.50. Second support is May's low crossing at $1792.00.



July silver was lower overnight as it extends the trading range of the past four-weeks. The low-range trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Friday's low crossing at $21.235 would signal that a short-term top has been posted. If July renews the rally off May's low, the 50-day moving average crossing at $23.016 is the next upside target. First resistance is the 50-day moving average crossing at 23.016. Second resistance is the 50% retracement level of the March-May decline crossing at $23.937. First support is last-Friday's low crossing at $21.235. Second support is May's low crossing at $20.420. 



July copper was lower overnight as it extends the decline off June's high. Overnight weakness sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off June's high, the May 18th low crossing at 4.1315 is the next downside target. Closes above the 50-day moving average crossing at 4.4382 would signal that a short-term low has been posted. First resistance is the 62% retracement level of the March-May decline crossing at 4.6394. Second resistance is the 75% retracement level of the March-May decline crossing at 4.7687. First support is the May 18th low crossing at 4.1315. Second support is May's low crossing at 4.0370.  



GRAINS http://quotes.ino.com/ex changes/?c=grains



July corn was higher overnight as it extends the rally off June's low. Overnight trading sets the stage for a higher opening when the day sessions begins trading. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $7.76 1/2 would open the door for a possible test of the May 16th high crossing at $8.10 1/4. Closes below the 10-day moving average crossing at $7.52 3/4 would signal that a short-term top has likely been posted. First resistance is the 50-day moving average crossing at $7.76 1/2. Second resistance is the May 16th high crossing at $8.10 1/4. First support is June's low crossing at $7.20 1/2. Second support is the 25% retracement level of the 2020-2022 rally crossing at $7.12 1/2.  



July wheat was higher overnight and sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at $11.30 1/4 would signal that a short-term low has been posted. If July resumes the decline off May's high, the 50% retracement level of the January-May high crossing at $10.10 1/4 is the next downside target. First resistance is the 50-day moving average crossing at $11.02 1/2. Second resistance is the 20-day moving average crossing at $11.30 1/4. First support is the 50% retracement level of the January-May rally crossing at $10.10 1/4. Second support is March's low crossing at $9.67 1/4.  



July Kansas City wheat was higher overnight as it extends this month's trading range. Overnight trading sets the stage for a higher opening when the day session begins trading later this morning. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $12.16 would signal that a short-term low has been posted. If July renews the decline off May's high, May's low crossing at $10.86 3/4 the next downside target. First resistance is the May 27th high crossing at $12.51. Second resistance is May's high crossing at $13.52. First support is May's low crossing at $10.86 3/4. Second support is the 50% retracement level of the January-May rally crossing at $10.65.



July Minneapolis wheat was higher overnight as it extends this month's trading range. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $12.70 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at $12.11 3/4 would open the door for a possible test of the 50% retracement level of the January-May rally crossing at $11.40 1/2. First resistance is the May 27th high crossing at $13.20 1/4. Second resistance is May's high crossing at $14.12 3/4. First support is the 50-day moving average crossing at $12.11 3/4. Second support is the 50% retracement level of the January-May rally crossing at $11.40 1/2. 

     

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains



July soybeans were lower overnight due to profit taking. If July extends this year's rally, the all-time high crossing at $17.89 is the next upside target. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are diverging and turning neutral to bearish signaling that the market is vulnerable to a downside correction near-term. Closes below the 20-day moving average crossing at $17.06 would signal that a short-term top has been posted. Closes above the all-time high crossing at $17.89 would open the door into uncharted territory. First resistance is last-Thursday's high crossing at $17.84. Second resistance is the all-time high crossing at $17.89. First support is the 20-day moving average crossing at $17.06. Second support is the 50-day moving average crossing at $16.71.  

 

July soybean meal was lower overnight. Overnight trading sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $430.90 would signal that a short-term low has been posted. Closes below the 10-day moving average crossing at $417.50 would temper the near-term friendly outlook. First resistance is the 50-day moving average crossing at $430.90. Second resistance is May's high crossing at $436.50. First support is the 50% retracement level of the October-March rally crossing at $403.40. Second support is May's low crossing at $395.00.



July soybean oil was lower overnight as it consolidates some of the rally off June's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off April's high, the 38% retracement level of the December-April rally crossing at 73.75 is the next downside target. If July extends the rally off May's low, the May 16th high crossing at 84.64 is the next upside target. First resistance is the May 16th high crossing at 84.64. Second resistance is April's high crossing at 87.65. First support is May's low crossing at 76.61. Second support is the 38% retracement level of the December-April rally crossing at 73.75.   

 

LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 



July hogs closed up $0.85 at $105.85. 



July hogs closed higher due to short covering on Friday as it consolidates some of the decline off June's high. The mid-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this week's decline, the May 13th gap crossing at $101.30 is the next downside target. Closes above the 50-day moving average crossing at $111.52 would confirm that a low has been posted. First resistance is the 50-day moving average crossing at $111.52. Second resistance is the April 22nd high crossing at $121.08. First support is Thursday's low crossing at $103.88. Second support is the May 16th gap crossing at $101.30. 



August cattle closed down $1.18 at $136.03 



August cattle closed lower on Friday due to profit taking as it consolidates some of this week's rally.  The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off last-week's low, the bottom of the April 25th gap crossing at $138.75 is the next upside target. Closes below the 20-day moving average crossing at $133.36 would signal that a short-term top has been posted. First resistance is the bottom of the April 25th gap crossing at $138.75. Second resistance is the top of the April 25th gap crossing at $140.27. First support is the 20-day moving average crossing at $133.36. Second support is Tuesday's low crossing at $132.70.    



August Feeder cattle closed down $2.00 at $174.03. 



August Feeder cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off May's low, May's high crossing at $177.50 is the next upside target. Closes below the 20-day moving average crossing at $169.18 would signal that a short-term top has been posted. First resistance is May's high crossing at $177.50. Second resistance is the April 22nd high crossing at $178.23. First support is the 20-day moving average crossing at $169.18. Second support is last-Tuesday's low crossing at $164.75. Third support is May's low crossing at $162.80.    



FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 



July coffee closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible. Closes below the 20-day moving average crossing at 22.64 would signal that a short-term top has been posted. If July resumes the rally off May's low, the 75% retracement level of the February-May decline crossing at 24.49 is the next upside target. First support is the 20-day moving average crossing at 22.64. Second support is the 50-day moving average crossing at 22.39.                  



July cocoa close lower on Friday and posted a new low for the year. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. If July extends the decline off April's high, the December-2021 low crossing at 23.66 is the next downside target. If July resumes the rally off May's low, the 50-day moving average crossing at 25.29 is the next upside target. 



July sugar closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold and remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends this week's decline, May's low crossing at 18.30 is the next downside target. Closes above Monday's high crossing at 19.76 would confirm that a short-term low has been posted.                    



July cotton closed lower due to profit taking ahead of the weekend on Friday as it consolidates some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends this month's rally, the May 17th high crossing at 151.95 is the next upside target. If July renews the decline off May's high, April's low crossing at 130.25 is the next downside target. 

Comments
By metmike - June 13, 2022, 4:22 p.m.
Like Reply

Thanks much tallpine!!!!

Busy earlier with a show on the radio that I'll pass along.

Grain weather is BULLISH!

NG weather is mixed because of mild/cool weather in the Northeast where so many people like and a potential top formation.