Daily US grain report: traders await US futures opening, potential pivotal trading day

US grain futures prices closed in the overnight trade Friday, due to the US Independence Day holiday Thursday.
calendar icon 5 July 2019
clock icon 3 minute read
Bulls working to stabalise market; solid gains Friday would suggest market bottom in place; solid losses Friday would point to more downside next week
Bulls working to stabalise market; solid gains Friday would suggest market bottom in place; solid losses Friday would point to more downside next week

© Jim Wyckoff

Price uptrend line negated - bulls in trouble and need to show power soon to avoid more serious technical damage; good gains Friday would suggest at least sideways trading action in near term, while solid losses Friday would point to more downside next week
Price uptrend line negated - bulls in trouble and need to show power soon to avoid more serious technical damage; good gains Friday would suggest at least sideways trading action in near term, while solid losses Friday would point to more downside next week

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