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Northwest Iowa | Time to post something with no politics in IT!!! Soybeans had a Japanese Candlestick "doji" on Friday. That is an indicator of a possible trend turn day> looks like a turn higher. Turn day is the key term. I like to watch weekly and monthly nearby charts for long term projections. Not enough data yet to give a lot of accurate stuff but corn has been down for 2 years and $4. Just because--- 50% retracement would be normal and until we see more action, a possible projection would be $6. Not needed this year!!! It took 2 years to drop $4. Beans similar in 2 years but about $7. Just throwing a number out as 50%would be $14.50 or so. No guarantees, but possible targets. Had a blessed Easter and appreciate my health and well being even more after hearing some of our adopted/foster kids troubles. Our church services were moving. | |
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C&S markets
