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Frytown, Iowa | Hi dvswia, I'm not going to argue this with you again... But there are 2 charts halfways up the thread... And though there are not a bunch of fancy lines drawn on the one... Believe it or not the chart with the one line shows a bottom in corn... That's why I posted that chart to jay. Not cause I forgot what the chart looked like. That single line represents a balance/ a halfway point for momentum and as far as the price of corn had gone up, it now has gone down... Now the price of corn is going to be drawn back to that middle line. There is one other middle line that is shown on the next chart with all the lines drawn... The solid orange line represents balance but not necessarily resistance. How price moves around these lines will give a better idea on where it goes from there... But as for now, those 2 charts do say corn is going up.
I haven't done a chart for beans yet.
Thanks for asking. | |
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Then God made a Hedgie....
