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TFC Commodity Trading Forum

Re: Corn Still On the Moon/Lee

Hi Lee, the only significance I place upon today's action is that another mathematical line in the sand has been reached @ 847. Now I will use today's high as a line in the sand in the future, and if today's high @ 849 is breached sometime in the future, that will suggest that the next line in the sand @ 873 will likely be tagged. Time wise, there is a major fib time cycle comes in on Wed. and I always watch with extra interest whenever a fib time cycle is attained to see how the market reacts to it.