Posted 2/8/2019 00:41 (#7305339 - in reply to #7304128) Subject: RE: Ok chart guys.
Heart of Ohio
Beans are somewhat similar in terms of wedge and busting out. 9.30 area is significant here I think, upper BB rests around 9.38 at the moment. Again, same as corn, a significant violation of that (say .10 to .15) means we go the other direction for awhile later. I see 9.60ish at the top end as very significant resistance for now and I'll probably take some cookies there too, if offered. Stochs overbought, MACD somewhat neutral. Trend line on bottom would suggest strongest support 8.90 to 9.00 lower end, up trending fork, if correct, suggests to me a run closer to 10.00. However ....the 100 and 200 day MA's will offer decent resistance at 9.46ish and 9.57. Interesting to me, that lower BB and up trending fork LML nearly exact same point at the moment. Gut wise, I'm somewhat bullish corn and bearish beans overall for now. #protip (I'm wrong more than right) Have fun !! Keep calm and Market ON !!!!