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Corn
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Spikes
Posted 2/24/2024 11:24 (#10637990)
Subject: Corn


Here's an updated chart after the contract roll...Nearest turn date is the 27th. …Showing only the major daily reversals and 1 minor bullish reversal.

Energy model is creeping up from -28 to -11.6 showing a possible change in trend may be coming up soon. 

Price currently sitting below the intraday pivots for Monday. 

Indicating ranges on the daily level are all bearish.

Employing our Reversal System, our next Daily Bullish Reversal to watch stands at 4210 while the Daily Bearish Reversal lies at 4105. This provides a very near-term 18% trading range. Using the Weekly level, the next Bullish Reversal to watch stands at 4810 while the Weekly Bearish Reversal lies at 3930. This provides a 18% trading range. Now moving to the broader Monthly level, the current Bullish Reversal stands at 6110 while the Bearish Reversal lies at 3930. This, naturally, gives us the main broad trading range of a 35%

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  • Corn - Spikes : 2/24/2024 11:24

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