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TFC Commodity Trading Forum

Re: CORN, Time to go Long?/Gian

Tomorrow will be a telling day as the price is right on top of the 9 day moving average. The 4 dayMA is in a very negative down turn. However, it's just as likely to bounce up, as correct down to the 18 day MA

I have seen many times that the price will just drift sideways under these patterns, untill the 18 day MA moves up to meet it. Then the price bounces up from that support. If that is what it's doing, then we may see a good price move next week.