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Technically critique my Dec corn chart
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mojave
Posted 2/13/2019 08:42 (#7317831)
Subject: Technically critique my Dec corn chart


NE SD
There is value in ignoring fundamentals at least for a time to focus on what price is saying. I'm just trying to learn here but to me I see that Dec corn did break lower outside the wedge we all had talked about last week. However it did not make a lower low than the last one on Jan 15. On this chart the lows are the same. Now its "job" i would say is to make a higher high. Which would mean taking out 4.04 from Jan 15. Consider how corn has acted since sept....making higher lows but also lower highs (hence the wedge) if we take out 4.04 I would read that as new positive price action and start looking for 4.14 or so and this would be an area that i would make new crop '19 sales. Thoughts?



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