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Dec 13 corn Penant formation?
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John from S. MN
Posted 8/22/2013 09:54 (#3281897)
Subject: Dec 13 corn Penant formation?


Any other chart readers think we have penant on a flag pole forming?.....If so if it breaks to the upside it would double the distance from the bottom of the flag pole (4.45) to the break-out (about 4.76 if it breaks out soon)....So an objective of 31 cents on top of 4.76=5.06.....I suppose that is possible if the heat continues in the dry areas?......if it breaks down, maybe a retest of the lows.....JP

Edited by John from S. MN 8/22/2013 09:56




(Dec 13 Daily.jpg)



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