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TFC Commodity Trading Forum

Re: Watching Corn/Randolf *PIC*
In Response To: Re: Watching Corn/Randolf ()

I'm long term bullish corn because of the record low stocks, but for the immediate future, looks like corn is thinking about blowing right thru the 50% and if it does blow thru 50% it could easily plunge to the 62% @ 638. Last weeks bar on this weekly chart is a very bearish omen from the way it is situated within the fork while encroaching on the 50% line. Very, very bearish omen for next week in my view. If we get a close below the 50% @ 678, then she could really tank next week.