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S&P New High…VIX new low…A WARNING Sign?

S&P 500 Index values reaching new high after new high in recent weeks, while VIX Volatility Index slumps to historical lows. In a nutshell, those two readings combine to indicate a resounding “all clear ahead” for the market into the new year. In our experience, when everyone is on one…

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Soybeans Testing Critical Price Support…

Jan Soybeans (SF’7) testing range support near $10.20 this morning as the Argentine forecast calls for rains next week. Failure to hold $10.20 close would revert values back into the previous trading range of $9.80-$10.20 for foreseeable future. Bulls need to hold here to maintain momentum. See additional at: https://twitter.com/commercialhedge/status/809044370796199938…

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Crude closely following last year’s action…lower into year end?

WTI price correlation to last year’s action has held tightly since summer. Will we follow last year’s path to the downside into year end? Additional pressure growing on OPEC to get a deal done or else! For more insight from Powerline, visit: http://powerlinegroup.net/Free-Trial/index.html