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| good morning,
The consolidation in the grain markets is leading me to believe that we are still heading lower. I tried to buy dec corn last week under the 370 area that was never filled and as we move into that price range today. I still think its possible as i have a bullish pattern setup that could take us back higher to a 1st target of 380 as the downside target of 368 1/2 was met. no position yet as i would like to see some kind of reversal candle here to confirm and get me long.
As far as the soybeans go I have put a monthly continuous chart up below and it looks as if we are in the 5th wave down of an expanded flat. if I am correct this is a very nice bullish crab pattern setup that must (to be valid) hit 667-670. Will it work out that way?
This is just my opinion so take it with a grain of salt Im just like you I have no idea where the market is going.......
Edited by Mr Enigma 11/9/2015 12:24
 (soybeans.png)
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 soybeans.png (73KB - 32 downloads)
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corn and a monthly soybeans
