Charts posted https://www.screencast.com/users/tntfarm2/folders/Charts%202017 Beans - look for - 073017 Bean Nov daily As long as Px holds abo 900 - chart looks bullish. Weekly tends to agree - Hi Level consolidation altho Stoch has crossed down Weekly bean not shown corn - best to ck daily first - look for
073017 Corn Dec daily 073017 Corn Dec weekly cont 5yr 073017 Corn weekly nearest 5yr Every week I check both weekly nearby (Sep now) and weekly continuation (Dec) and decide which to use as each shows a different picture if looking back longer the 1 year. Most weekly charts I see posted on the internet seem to be charting the nearest contract I decided to post both weekly continuation of Dec and weekly nearest (Sep) to show difference in the two charts. They show differences the further back one looks and it affects long term suppt and resist areas as well as techs such as moving averages and some indicators. Sometimes I dont really know what the Experts use Posting these charts just to give a picture of what the traditional chartists are likely looking at Px action - using prev Suppt and Resist areas. I hope this hasn't been confusing to anyone I see Fry has stated He expects higher Px this week ((I like that Fry - being bullish - keep up the good work and post more charts)) I would tend to agree we can see higher Px this week. But with cooler weather, we may not see the move in corn we would like until harvest results start coming in or a the USDA report on the 10th I would like to see the chart picture in position to move higher after USDA report. I really like to see the other charts being posted these days - it an education to me Thanks Guys now maybe I can get something productive done yet during the rest of the day ----------------- |