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TFC Commodity Trading Forum

Re: Beans *PIC*
In Response To: Re: Beans *PIC* ()

On the corn chart you have a monthly bullish reversal at 4.40'6 that price already has reacted to, you might still get a reaction but probably going to pass that up like the beans did, it would be bullish to close on a monthly basis above that line...there is a weekly bullish reversal located at 4.57'2 that it may react to...a close above that on a weekly basis may lead to a quarterly minor bullish reversal located at 5.31'4. Corn on the front month monthly chart has been in a bullish phase for the past 8 months since the lows made in April. There was an outside bar on the weekly front month made on the week of Nov 30th that we just cleared this week.

Fan Projection lines can show you if the phase transition will turn into a plateau move