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TFC Commodity Trading Forum

Re: Corn/Long Term Chart/Lee *PIC*

Well a closer look on a Daily chart of Dec Corn shows a recent breakdown. Historically Sept is the weakest month of the year for CORN and typcially sells off into early Oct like most grains. See the link to the seasonal trend charts on my previous post. But the chart now is bone ugly for sure. Price should find support at the July or even the March/Nov lows support areas. Notice the RSI 21 tagging the very oversold zone of 30 which is rare. That suggest a bounce is 'nearby'. But the price chart is just plain ugly and needs work.