The March Corn contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) are mixed, but both the larger and more immediate trends are to lower prices. Odds favor continued downside in today's early trading. Look for an opportunity to sell the break of yesterday's 701^4 low, or even earlier if price demonstrates weakness below the 709^2 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 692^2 or the Extended Low Range Projection level of 684^0 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low. The Momentum Pinball Buy signal tells us we can consider the long side even sooner if the first hour's high happens to be broken to the upside.

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The January Soybeans contract has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked. Odds favor continued upside in today's early trading. Look for an opportunity to buy the break of Friday's 1497^0 high, or even earlier if price can demonstrate strength above 1489^0 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 1507^4 or the Extended High Range Projection level of 1516^0 would be likely areas for such a reversal to take place, as would be a test and failure of Friday's high.

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The January Soybeans contract has fired 2 Day ROC Sell, Wide Range Downside Reversal, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The Wide Range Downside Reversal signal tells us that Friday's trading likely marked a significant short term turning point with more downside to follow. The 90-10 Low Continuation signal suggests that Friday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal tells us that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked, and the larger trend is to lower prices. Odds favor further downside in early morning trade. Look for an opportunity to sell on a break of Friday's 1470^0 low with a stop just above the 1480^2 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.

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The March Wheat contract has fired 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low in today's trading is broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form. Odds favor continued upside in today's early trading. Buy the break of yesterday's 889^0 high, or even earlier if price can demonstrate strength above 880^4 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 901^2 or the Extended High Range Projection level of 910^6 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's high.

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The July Corn contract has fired 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has recently been marked. Odds favor continued upside in today's early trading. Buy the break of yesterday's 597^6 high, or even earlier if price can demonstrate strength above 592^2 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 605^4 or the Extended High Range Projection level of 611^4 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's high.

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The July Soybean Meal contract has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has just been marked, and the larger trend is to higher prices. Odds favor continued upside in today's early trading. Buy the break of yesterday's 425.5 high, or even earlier if price can demonstrate strength above 424.6 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 429.9 or the Extended High Range Projection level of 433.9 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high.

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The May Corn contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but the more immediate trend is to lower prices. Odds favor further downside in today's early trading. Sell the break of yesterday's 603^0 low with a stop just above the 604^0 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.

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The May Soybeans contract has fired NR4, Inside Day, 2 Day ROC Sell, and 90-10 Low Continuation signals for today's trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal is fired when the day closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form, but the larger trend is to higher prices. Although odds seem to favor the downside, the NR4/Inside Day signal combination tells us to stand prepared for a large impulse move in either direction. Trade the break of yesterday's 1387^2 high to 1368^6 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 1369^6 Daily Pivot level may provide clues for earlier entry.

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The May Soybean Oil contract has fired 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked. Odds favor continued downside in today's early trading. Sell the break of yesterday's 54.33 low, or even earlier if price demonstrates weakness below the 54.69 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 53.80 or the Extended Low Range Projection level of 53.39 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low.

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