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South Central Iowa | Looks like the September high in the overnight touched resistance and backed away, December was not able to touch. Points I'd like broken today are $4.03'2 in the September and $4.14'4 in the December. Not a bad day if it doesn't break those by any means, but I'd feel it a very strong close to get over both. Especially because the carry would shrink and that would be representative of a bullish market.
I should also add that We gapped over a monthly 2/3 Ascending Speed Line. That is a pretty big deal for me. It is at $3.96'2. We were briefly able to break it Friday, but could not hold. Now if we hold, in theory, we should return to the one line, which on August 1 has a target of $4.97'2. But there is much resistance between and we have not returned to the speed line since its creation in May 2014, in spite of breaking the 2/3 SRL.
Edited by Conan the Farmer 7/10/2017 08:25
 (ContinuousCornJuly10.png)
 (DecCornJuly10.png)
Attachments
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 ContinuousCornJuly10.png (78KB - 21 downloads)
DecCornJuly10.png (77KB - 23 downloads)
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Corn Chart Update
