TECH TALK (November 21, 2000) DECEMBER CORN: Trend neutral-up. Support 2.06. Resistance 2.16. Crop lowered each monthly estimate.
JANUARY SOYBEANS: Trend neutral-up. Support 4.71. Resistance 5.03. Strong meal will support.
DECEMBER SOYBEAN MEAL: Trend up. Support 167.70. Resistance 183.50. Europe demand remains strong.
DECEMBER SOYBEAN OIL: Trend neutral. Support 1490. Resistance 1605. Keep buying after each dip.
DECEMBER WHEAT: Trend neutral. Support 2.50. Resistance 2.66. Range tightens, bias higher.
DECEMBER OATS: Trend down. Support 1.00. Resistance 1.08. Not much interest here lately.
DECEMBER LIVE CATTLE: Trend neutral-up. Support 7120. Resistance 7350. Runs out of steam near 7350.
JANUARY FEEDER CATTLE: Trend neutral-up. Support 8770. Resistance 9020. Huge supplies next 6-9 months.
DECEMBER LEAN HOGS: Trend neutral-up. Support 5200. Resistance 5525. Seasonal demand holding up.
FEBRUARY PORK BELLIES: Trend neutral. Support 6000. Resistance 6600. Cold storage shows large supply.
DECEMBER BRITISH POUND: Trend neutral-down. Support 141.40. Resistance 144.40. Forming strong base at 142.00.
DECEMBER SWISS FRANC: Trend down. Support 5550. Resistance 5730. As the Euro goes...
DECEMBER JAPANESE YEN: Trend down. Support 9100. Resistance 9370. Broke below support? 9000.
DECEMBER EURO FX: Trend neutral-down. Support 8480. Resistance 8688. Fed seems to want a strong U.S. Dollar.
DECEMBER CANADIAN DOLLAR: Trend down. Support 6400. Resistance 6530. 6400 must hold or blow off starts.
DECEMBER U.S. DOLLAR INDEX: Trend neutral-up. Support 11400. Resistance 11770. Still the "King."
DECEMBER EURODOLLAR: Trend neutral. Support 9322. Resistance 9335. 3 tick range last 2 weeks zzz...
DECEMBER U.S. TREASURY BOND: Trend neutral-up. Support 9900. Resistance 10112. Move to 102.00 imminent.
DECEMBER S&P 500: Trend down. Support 1325. Resistance 1404. Very nervous market right now.
DECEMBER DOW JONES: Trend neutral-down. Support 10410. Resistance 10850. Holds up better than NASDAQ.
DECEMBER GOLD: Trend neutral. Support 263.50. Resistance 272.10. Rally past $269 might spark.
DECEMBER SILVER: Trend down. Support 4.60. Resistance 4.84. Oversold. Possible 15-cent rally.
DECEMBER COPPER: Trend down. Support 8000. Resistance 8500. Possible test of 8000 soon.
JANUARY PLATINUM: Trend neutral. Support 564. Resistance 600. Stays in this range 2-3 months.
JANUARY HEATING OIL: Trend up. Support 9460. Resistance 11000. Cold spell pushes higher.
JANUARY UNLEADED GASOLINE: Trend neutral-up. Support 8480. Resistance 9450. Follows heating oil slowly higher.
JANUARY NATURAL GAS: Trend up. Support 550. Resistance 650. Ridiculously high, but who will sell?.
JANUARY CRUDE OIL: Trend up. Support $33.00. Resistance $36.00. Natural gas and heating oil leading higher.
MARCH COCOA: Trend down. Support 730. Resistance 790. Nice upturn if 730 holds.
MARCH SUGAR: Trend neutral. Support 920. Resistance 1027. Move above 990 pushes to 1030.
DECEMBER COTTON: Trend neutral. Support 6375. Resistance 6600. Tight range. No direction now.
JANUARY ORANGE JUICE: Trend neutral-up. Support 7200. Resistance 7830. Good time to bottom pick.
MARCH COFFEE: Trend down. Support 7300. Resistance 8100. Finally showing signs of a bottom.
JANUARY LUMBER: Trend neutral-up. Support 227. Resistance 244. Rebounding after 10-year lows.
November 21, 2000 William Frejlich The Windy City Trader P.O. Box 1673, Chicago, Illinois 800-443-2360
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