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TFC Commodity Trading Forum

Re: CORN: BCB/ Election Years

Great chart Trades! Thanks!
I didn't have access to such a long term chart...and it is of interest to me in particular the 512 high back in '96...this reinforces my downward objective in the 515 area...
Another notable technical observation is that when the macd comes off from a very highly overbought period it has not historically paused at the 0 mark but continues it's descent for some time...the only exception being 2007, but even this reinforces the belief that commodities in general are either going to have to have an even more magnificent run higher or collapse...
And we are on the verge of that decion as we speak....

Intreresting times!