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Buxton ND | For those that say charts are historical information.
Matt's black line is 3 bucks, his green 4.50 my 4.50 line goes back farther to Feb. 2007 If one wanted probability's on where corn will trade the next 5 years this is the chart.
Some points
Notice how little time corn spends @4.50 whether in a uptrend or down trend.
There are 4 major "peaks" or highs @ 4.50
Why is 4.50 is so important,,, the answer is right in front of you.
Why did corn stop @ 4.49 this summer, again the answer is right in front of you. There other goodies also, not saying in public.
The bottom of the chart is volume an OI, look at early 2006, Pre E-Boom there is next to NOTHING there. When Little Bush signed the RFSA that when we rock and rolled. FORGET about corn/beans/wheat.
*****EVERYTHING COMMODITY'S rock and rolled EVERYTHING*****
This is why I pay very little attention to the grains fundamentals, for me this started back in the early 1990's
This chart says the funds still want to play, they may go "We're Leaving" from time to time.
*****THEIR STILL HERE TO PLAY*****
The 2016 rally started with all things HOGS then gold and copper. Those funds boy celebrated Christ's birth then said "Let go buy piggy's | |
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Frytown, swings
