KEY EVENTS TO WATCH FOR:
Tuesday, June 13, 2023 \
N/A 3rd Quarter Manpower U.S. Employment Outlook Survey
6:00 AM ET. May NFIB Index of Small Business Optimism
Small Business Idx (expected 88.3; previous 89.0)
8:30 AM ET. May Real Earnings
8:30 AM ET. May CPI
CPI, M/M% (expected +0.1%; previous +0.4%)
Core CPI, M/M% (expected +0.4%: previous +0.4%)
Energy Idx, M/M% (previous +0.6%)
Food Idx, M/M% (previous +0.0%)
Real Avg Wkly Pay-Infla Adj, M/M% (previous +0.1%)
CPI, Y/Y% (expected +4.0%; previous +4.9%)
Core Annual, Y/Y% (expected +5.3%; previous +5.5%)
8:55 AM ET. Johnson Redbook Retail Sales Index
Ret Sales Mo-to-Date, Y/Y% (previous +0.6%)
Latest Wk, Y/Y% (previous +0.6%)
10:30 AM ET. U.S. Federal Open Market Committee meeting
4:30 PM ET. API Weekly Statistical Bulletin
Crude Stocks, Net Chg (Bbls) (previous -1.7M)
Gasoline Stocks, Net Chg (Bbls) (previous +2.4M)
Distillate Stocks, Net Chg (Bbls) (previous +4.5M)
Wednesday, June 14, 2023
7:00 AM ET. MBA Weekly Mortgage Applications Survey
Composite Idx (previous 194.7)
Composite Idx, W/W% (previous -1.4%)
Purchase Idx-SA (previous 151.7)
Purchase Idx-SA, W/W% (previous -1.7%)
Refinance Idx (previous 409.7)
Refinance Idx, W/W% (previous -0.7%)
8:30 AM ET. May PPI
PPI, M/M% (expected -0.1%; previous +0.2%)
Ex-Food & Energy PPI, M/M% (expected +0.2%; previous +0.2%)
Personal Consumption (previous +0.4%)
10:00 AM ET. SEC Small Business Advisory Committee
10:30 AM ET. EIA Weekly Petroleum Status Report
Crude Oil Stocks (Bbl) (previous 459.205M)
Crude Oil Stocks, Net Chg (Bbl) (previous -0.452M)
Gasoline Stocks (Bbl) (previous 218.815M)
Gasoline Stocks, Net Chg (Bbl) (previous +2.745M)
Distillate Stocks (Bbl) (previous 111.731M)
Distillate Stocks, Net Chg (Bbl) (previous +5.074M)
Refinery Usage (previous 95.8%)
Total Prod Supplied (Bbl/day) (previous 19.221M)
Total Prod Supplied, Net Chg (Bbl/day) (previous -0.221M)
2:00 PM ET. Federal Reserve economic projections
Median Fed Funds Rate - 2022
Median Fed Funds Rate - 2023 (previous 5.1%)
Median Fed Funds Rate - 2024 (previous 4.3%)
2:00 PM ET. U.S. interest rate decision
Federal Funds Rate
Federal Funds Rate Change (Pts)
Fed Funds Rate-Range High (previous 5.25)
Fed Funds Rate-Range Low (previous 5.00)
FOMC Vote For Action (previous 11)
FOMC Vote Against Action (previous 0)
Discount Rate (previous 5.25
Discount Rate Change (Pts) (previous +0.25)
Discount Rate-Range High
Discount Rate-Range Low
The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes
The Dow closed higher on Monday as it extends the rally off May's low.Today's high-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off May's low, May's high crossing at 34,257.83 is the next upside target. Closes below the 20-day moving average crossing at 33,351.78 would signal that a short-term top has been posted. First resistance is today's high crossing at 34,012.71. Second resistance is May's high crossing at 34,257.83. First support is the 20-day moving average crossing at 33,351.78. Second support is June's low crossing at 32,704.51.
The September NASDAQ 100 closed higher on Monday as it renewed the rally off last-December's low. The high-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible. If September extends this year's rally, the 75% retracement level of the 2021-2022-decline on the weekly continuation chart crossing at 15,202.41 is the next upside target. Closes below the 20-day moving average crossing at 14,316.56 would signal that a short-term top has been posted. First resistance is today's high crossing at 14,941.00. Second resistance is the 75% retracement level of the 2020-2022-decline on the weekly continuation chart crossing at 15,202.41. First support is the 20-day moving average crossing at 14,316.56. Second support is the 50-day moving average crossing at 13,722.35.
The September S&P 500 closed higher on Tuesday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off March's low, the August-2022 high on the weekly chart crossing at 4409.00 is the next upside target. Closes below the 20-day moving average crossing at 4262.82 would confirm that a short-term top has been posted. First resistance is today's high crossing at 4378.50. Second resistance is the August-2022 high on the weekly chart crossing at 4409.00. First support is the 10-day moving average crossing at 4313.43. Second support is the 20-day moving average crossing at 4262.82.
INTEREST RATES? http://quotes.ino.com/ex?changes/?c=interest ""
September T-bonds closed down 6/32's at 127-10.
September T-bonds closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral signaling that sideways to higher prices are possible near-term. Closes above last-Wednesday's high crossing at 128-16 would confirm that a short-term low has been posted while opening the door for additional gains near-term. If September renews the decline off April's high, the 87% retracement level of the March- April rally crossing at 124-19 is the next downside target. First resistance is last-Wednesday's high crossing at 128-16. Second resistance is the June 1st high crossing at 129-16. First support is the 75% retracement level of the March-April rally crossing at 125-30. Second support is the 87% retracement level of the March- April rally crossing at 124-19.
September T-notes closed up 15-pts. At 113.135.
September T-notes closed slightly higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near-term. If September renews the decline off May's high, the 75% retracement level of March's rally crossing at 112.190 is the next downside target. Closes above the 20-day moving average crossing at 114.088 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 114.088. Second resistance is June's high crossing at 115.000. First support is the 75% retracement level of March's rally crossing at 112.190. Second support is the 87% retracement level of March's rally crossing at 111.243.
ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""
July crude oil closed sharply lower on Monday as it extends the decline off June's high. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the May 31st low crossing at $67.03 would confirm that a double top has been posted with the late-May high. Closes above last-Thursday's high crossing at $73.28 would confirm that a short-term low has been posted while opening the door for additional short-term gains. First resistance is last-Monday's high crossing at $75.06. Second resistance is the April 28th high crossing at $76.74. First support is today's low crossing at $66.80. Second support is May's low crossing at $63.90.
July heating oil closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's day trading session begins. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below last-Thursday's low crossing at $2.3174 would signal that a short-term top has been posted while opening the door for a possible test of the May 31st low crossing at $2.2238. Closes above the 50-day moving average crossing at 2.4238 would mark an upside breakout of the May-June trading range. First resistance is the 50-day moving average crossing at 2.4238. Second resistance is the April 24th high crossing at $2.5332. First support is the May 31st low crossing at $2.2268. Second support is May's low crossing at $2.1550.
July unleaded gas closed sharply lower on Monday and closed below the 20-day moving average crossing at 2.5258 signaling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends today's decline, the June 1st low crossing at 2.4016 is the next downside target. If July renews the rally off May's low, the 87% retracement level of the April-May decline crossing at 2.6958 is the next upside target. First resistance last-Thursday's high crossing at 2.6822. Second resistance is the 87% retracement level of the April-May decline crossing at 2.6958. First support is the June low crossing at 2.4016. Second support is the May 15th low crossing at 2.3565.
July Henry natural gas closed slightly higher on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 2.475 would signal that a short-term low has been posted. If July renews the decline off March's high, the September-2020 low on the monthly continuation chart crossing at 1.795 is the next downside target.First resistance is the 20-day moving average crossing at 2.407. Second resistance is the 50-day moving average crossing at 2.475. First support is the June 1st low crossing at 2.136. Second support is the September-2020 low on the monthly continuation chart crossing at 1.795.
CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""
The September Dollar closed slightly higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off May's high, the 50-day moving average crossing at 102.014 is the next downside target. If September resumes the rally off May's low, the March 15th high crossing at 104.250 is the next upside target. First resistance is the March 15th high crossing at 104.250. Second resistance is the March 8th high crossing at 104.730. First support is today's low crossing at 102.845. Second support is the 50-day moving average crossing at 102.014.
The September Euro closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices is possible near-term. Closes above the 20-day moving average crossing at $1.08273 would signal that a short-term low has been posted. If September renews the decline off May's high, the 38% retracement level of the 2022-2023 rally crossing at $1.06472 is the next downside target. First resistance is the 20-day moving average crossing at $1.08273. Second resistance is the 50-day moving average crossing at 1.09630. First support is May's low crossing at $1.07025. Second support is the 38% retracement level of the 2022-2023 rally crossing at $1.06472.
The September British Pound posted a key reversal down and closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If September extends the rally off May's low, May's high crossing at 1.2705 is the next upside target. If September resumes the decline off May's high, the 25% retracement level of the 2022-2023 rally crossing at 1.2100 is the next downside target. First resistance is today's high crossing at 1.2618. Second resistance is May's high crossing at 1.2705. First support is May's low crossing at 1.2333. Second support is April's low crossing at 1.2316.
The September Swiss Franc closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If September resumes the decline off May's high, the 38% retracement level of 2022-2023 rally crossing at 1.10197 is the next downside target. Closes above the 50-day moving average crossing at 1.12850 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 1.12850. Second resistance is the May 4th high crossing at 1.14920. First support is the 38% retracement level of 2022-2023 rally crossing at 1.10197. Second support is the 50% retracement level of 2022-2023 rally crossing at 1.08741.
The September Canadian Dollar closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off May's low, April's high crossing at 75.31 is the next upside target. Closes below the 50-day moving average crossing at 74.38 would signal that a short-term top has been posted. First resistance is May's high crossing at 75.26. Second resistance is April's high crossing at 75.31. First support is the 50-day moving average crossing at 74.38. Second support is May's low crossing at 73.44.
The September Japanese Yen closed lower on Monday as it extends the trading range of the past three-weeks. The low-range close sets the stage for a steady to lower opening when Tuesday’s day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the June 1st high crossing at 0.073430 would signal that a short-term low has been posted. If September renews the decline off March's high, the 87% retracement level of the October-January rally crossing at 0.070777 is the next downside target. First resistance is the June 1st high crossing at 0.073430. Second resistance is the 50-day moving average crossing at 0.075041. First support is the 75% retracement level of the October-January rally crossing at 0.072174. Second support is the 87% retracement level of the October-January rally crossing at 0.070777.
PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""
August gold closed lower on Monday as it extends the trading range of the past five-weeks. The mid-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $2016.00 would signal that a short-term low has been posted. If August renews the decline off May's high, the 38% retracement level of the 2022-2023 rally crossing at $1941.90. First resistance is the 20-day moving average crossing at $1985.00. Second resistance is the 50-day moving average crossing at $2016.00. First support is the 38% retracement level of the 2022-2023 rally crossing at $1941.90. Second support is the 50% retracement level of the 2022-2023 rally crossing at $1892.30.
July silver closed lower on Monday as it consolidates some of the rally off May's low. The mid-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 50-day moving average crossing at 24.711 is the next upside target. If July renews the decline off May's high, the 62% retracement level of the March-May rally crossing at 22.546 is the next downside target. First resistance is last-Friday's high crossing at 24.620. Second resistance is the 50-day moving average crossing at 24.711. First support is the 62% retracement level of the March-May rally crossing at 22.546. Second support is the 75% retracement level of the March-May rally crossing at 21.708.
July copper closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 50-day moving average crossing at 3.8565 is the next upside target. Closes below the 20-day moving average crossing at 3.7066 is the next downside target. First resistance is last-Friday's high crossing at 3.8335. Second resistance is the 50-day moving average crossing at 3.8565. First support is the 20-day moving average crossing at 3.7066. Second support is May's low crossing at 3.5450.
GRAINS? http://quotes.ino.com/ex?changes/?c=grains "
July Corn closed up $0.13-cents at $6.17 1/4.
July corn closed higher on Monday as it renewed the rally off May's low in response to disappointing rain across the Midwest this past weekend. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 87% retracement level of the April-May decline crossing at $6.34 3/4 is the next upside target. Closes below last-Thursday's low crossing at $5.95 1/4 would temper the near-term friendly outlook. First resistance is the 75% retracement level of the April-May decline crossing at $6.22 1/2. Second resistance is the 87% retracement level of the April-May decline crossing at $6.34 3/4. First support is last-Thursday's low crossing at $5.95 1/4. Second support is the May 31st low crossing at $5.77 1/2.
July wheat closed up $0.03 1/2-cents at $6.33 3/4.
July wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $6.47 would open the door for a possible test of May's high crossing at $6.69 later this week. If July renews the decline off February's high, the March-2021 low crossing at $5.71 is the next downside target. First resistance is the 50-day moving average crossing at $6.47. Second resistance is May's high crossing at $6.69. First support is May's low crossing at $5.73 1/4. Second support is the March-2021 low crossing at $5.71.
July Kansas City Wheat closed down $0.01 1/4-cents at $7.96 1/2.
July Kansas City wheat posted an inside day with a lower close on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $8.27 3/4 would signal that a short-term low has been posted. If July renews the decline off May's high, the 87% retracement level of May's rally crossing at $7.59 3/4 is the next downside target. First resistance is the 50-day moving average crossing at $8.27 3/4. Second resistance is the May 10th high crossing at $8.63 3/4. First support is the 87% retracement level of May's rally crossing at $7.59 3/4. Second support is May's low crossing at $7.36 1/4.
July Minneapolis wheat closed up $0.02 1/2-cents crossing at $8.14 1/4.
July Minneapolis wheat closed higher on Monday. The high-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $8.34 3/4 would signal that a short-term low has been posted. If July renews the decline off May's high, May's low crossing at $8.69 is the next downside target. First resistance is the 50-day moving average crossing at $8.34 3/4. Second resistance is May's high crossing at $8.88 1/2. First support is the May 31st low crossing at $7.75 1/2. Second support is May's low crossing at $7.69.
SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "
July soybeans closed down $0.13 3/4-cents at $13.72 3/4.
July soybeans closed lower on Monday as it consolidated some of the rally off May's low. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the 50-day moving average crossing at $14.04 1/4 is the next upside target. Closes below the 20-day moving average crossing at $13.42 3/4 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at $14.04 1/4. Second resistance is May's high crossing at $14.46 3/4. First support is the 20-day moving average crossing at $13.42 3/4. Second support is May's low crossing at $12.70 3/4.
July soybean meal closed up $0.20 at $397.40.
July soybean meal closed slightly higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off March's high, the 62% retracement level of the 2020-2023 rally crossing at $365.60 is the next downside target. Closes above the 20-day moving average crossing at $405.70 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $405.70. Second resistance is the 50-day moving average crossing at $427.10. First support is May's low crossing at $386.30. Second support is the 62% retracement level of the 2020-2023 rally crossing at $365.60.
July soybean oil closed down 61-pts. at 53.98.
July soybean oil closed lower on Monday as it consolidates some of the rally off May's low.The low-range close sets the stage for a steady to lower opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the aforementioned rally, April's high crossing at 57.51 is the next upside target. Closes below the 20-day moving average crossing at 49.08 would signal that a short-term top has been posted. First resistance is May's high crossing at 55.12. Second resistance is the April 18th high crossing at 56.21. First support is the 20-day moving average crossing at 49.08. Second support is May's low crossing at 44.53.
LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock
July hogs closed up $1.43 at $91.05.
July hogs closed higher on Monday as it extends the rally off May's low. The mid-range close sets the stage for a steady to higher opening when Tuesday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the March 27th high crossing at $96.68 is the next upside target. Closes below the 20-day moving average crossing at $84.14 would signal that a short-term top has been posted. First resistance is the April 28th high crossing at $94.00. Second resistance is the March 27th high crossing at $96.68. First support is last-Monday's gap crossing at $85.00. Second support is the May 31st gap crossing at $79.53.
August cattle closed up $1.10 at $172.95.
August cattle closed higher on Monday as it consolidated some of the decline off last-Wednesday's high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If August renews this year's rally unto uncharted territory, upside targets will be hard to project. If August extends the decline off last-Wednesday's high, the 25% retracement level of the 2022-2023 rally crossing at $169.57 is the next downside target. First resistance is last-Wednesday's high crossing at $178.10. Second resistance is unknown. First support is the 10-day moving average crossing at $171.92. Second support is the 25% retracement level of the 2022-2023 rally crossing at $169.57.
August Feeder cattle closed down $0.10 at $238.90.
August Feeder cattle posted an inside day with a lower close on Monday. The mid-range close sets the stage for a steady to slightly lower opening when Tuesday's day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $236.84 would signal that a short-term top has been posted. If August renews the rally off May's low, the October-2014 high on the monthly continuation chart crossing at $245.20 is the next upside target. First resistance is last-Wednesday's high crossing at $245.18. Second resistance is the October-2014 high on the monthly continuation chart crossing at $245.20. First support is the 20-day moving average crossing at $236.84. Second support is the 50-day moving average crossing at $230.13.
FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food
July coffee closed lower on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling sideways to higher prices are possible near-term. Closes above last-Friday's high crossing at $19.66 would open the door for a possible test of April's high crossing at $20.49. Closes below the 10-day moving average crossing at $18.41 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at $19.66. Second resistance is April's high crossing at $20.49. First support is the 10-day moving average crossing at $18.41. Second support is May's low crossing at $17.56.
July cocoa posted a key reversal down as it closed lower on Monday consolidating some of this year's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, monthly resistance crossing at 32.15 is the next upside target. Closes below the 20-day moving average crossing at 30.40 would signal that a short-term top has been posted.
July sugar closed lower on Monday, The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends last-week's rally, the May 23rd high crossing at 26.22 is the next upside target. Multiple closes below last-Tuesday's low crossing at 24.23 would open the door for additional weakness near-term.
July cotton closed lower on Monday. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 82.72 would signal that a top has been posted. If July renews the rally off the May 25th low crossing at 79.86, May's high crossing at 87.98 is the next upside target.
Thanks tallpine!
C and S ratings fell 3%. The weather still is bullish to me but El Nino kicking in may increase rains at some point soon.
https://www.marketforum.com/forum/topic/96190/
Last 12z GEFS. I think it continues to be too wet.
