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Corn (CBOT) : Heading Towards 579.50
Normal Lower Limits : 381.25 - 476.00 - 485.75
Lower Mid-Point References : 430.75 - 511.25 - 526.00
Monthly Cycle Pivot Center : 480.50 - 546.50 - 566.25
Upper Mid-Point References : 530.00 - 581.75 - 606.25
Normal Upper Limits : 579.50 - 517.00 - 646.50
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Normal Lower Limits : 481.75 - 488.25 - 490.00
Lower Mid-Point References : 512.00 - 516.25 - 518.75
Weekly Cycle Pivot Center : (542.25) - (544.50) - (547.50)
Upper Mid-Point References : 572.25 - 572.75 - 576.25
Normal Upper Limits : 601.00 - 602.50 - 605.00
Weekly Cycle Projected Series : ... 488.25 - 497.50* - 507.00 - 511.75 // 516.25* - 521.00 - 525.75 - 530.50 - 535.25* - 539.75 - [544.50] - 549.25 - 554.00* - 558.75 - 563.25 - 568.00 - 572.75* // 577.50 - 582.25 - 591.50* - 601.00 ...
Weekly Cycle Congested Area : (447.75 - 480.00 - 512.25 - 544.50 - 576.75 - 609.00 - 641.25)
Remarks : The weekly cycle congested area indicates that the market has a tendency to trade between 512.25 - 544.50. The market momentum is strong and the odds are in favor of maintaining a long position when the market is able to trade above the weekly cycle pivot center at (547.50). The weekly cycle upper mi-point references at 572.25 - 572.75 - 576.25 would serve as short term resistant points. A projected resistant level is positioning at 579.50 ... 596.25*.
Corn : Monthly Cycle Charts
http://www.qindex.com/corn.html
Albert Cheung (Ph.D.)
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Corn (CBOT) : Heading Towards 579.50
