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TFC Commodity Trading Forum

Re: Nine Buck Beans... *PIC*
In Response To: Re: Nine Buck Beans... ()

I'd say corn is in the range 30-45 where it's been since mid-2014. It is coming up to the halfway point at 37.5. This is like the beans at 97.5 except corn has not made above the halfway point of 37.5 yet. One might expect some resistance there. Could even be the end of the run. I'd play the corn like the beans. Wait until it gets above 37.5 see if it does the test of 37.5 like beans tested nine. Could be it squirts through the 37.5 like beans did the 97.5.

The measured downtrending line shows it to be downtrend still. Be better if that was broken first.

To me...setting up to run happened back down around 3.00. This is no man's land the way I look at it.

There's always the possibility that there tremendous buying going on out there and all these points of interest fall by the wayside like they weren't even there.

It's a crap shoot.