In the previous chart ZC Z2 was moving down towards 7.48 S/R and I thought it may bounce back from that area. - Corn did found support and bounced back up from 7.48. So far corn has moved as high as 7.96.
Moving over 8.10 and finding support there, will open the door for higher objectives. Failure to overcome or finding support at 8.10 will target 7.48 again, possibly 7.11.
If Corn is really bullish, it should not print 7.48 for many moons and 8.10 becomes the new bullish support to work from.
ZC Z2 now trading 7.91
I'm getting ready for a nice overdue vacation hmmmm Till next time :)
g
“Watch your thoughts, for they become words.
Watch your words, for they become actions.
Watch your actions, for they become habits.
Watch your habits, for they become character.
Watch your character, for it becomes your destiny.” James allen - "As a Man Thinketh"
