|
Central Missouri | The corn market has been talking fairly clearly for over a month now.
The posted chart is the daily nearby.
The smaller median line set is just there to look at the price channel not as a median line set
The larger median line set is the one im watching.
As price made new lows into august the macd and rsi did not as shown by the red lines i drew.
Note the low was made in august as noted with the yellow mark which is a month to watch with high frequency of turns either higher or lower depending upon the trend.
Large short position and covering of the shorts has given fuel to this rally.
Attached is also a seasonal chart i swiped off twitter with kudos to the author.
 (3C6F6B78-7AC0-4C6C-99DA-60936999DAFB (full).jpeg)
 (22B555E8-8BF9-484C-A2DD-30451B1A4183 (full).jpeg)
Attachments
----------------
 3C6F6B78-7AC0-4C6C-99DA-60936999DAFB (full).jpeg (83KB - 2 downloads)
22B555E8-8BF9-484C-A2DD-30451B1A4183 (full).jpeg (147KB - 6 downloads)
| |
|
Next target for corn and beans
