Dan Flynn is the writer of The Corn & Ethanol Report, a daily market letter covering grains, energies, and various global issues that are the driving force and backbone of the commodity markets. Contact Mr. Flynn at (312) 264-4374
The Dan Flynn Corn & Ethanol Report
Friday November 30th 2012
In the overnight electronic session the December Corn is currently trading at
747 ¾ which is down 3 ¾ cents at this writing. The trading range has been 752 ½
to 747 so far. I am anticipating this market to be a screaming buy on any breaks.
On the Energy Front the January Crude Oil is currently trading at 8809 which is
2 points higher as I write in the overnight electronic session. The trading range has
been 8832 to 8747 so far. The markets technical formation is seeking a bottom and
has a tailored made bottoming position which would drive prices higher. Hopefully
it will punch through support and lead to lower prices. Unfortunately it does not look
like it is in the cards.
Have a Great Trading Day!
Call me for daily entry levels.
Questions? Ask Dan Flynn today at 312-264-4374
Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented is from sources believed to be reliable and all information is subject to change without notice.
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