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Corn
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GOMSK
Posted 7/1/2020 09:04 (#8347153 - in reply to #8347033)
Subject: RE: Corn


Two people can agree and disagree. I dont know where the topside potential is, i have a number in mind. I dont want to say it cuz its higher than anyone thought probable 2 days ago.

What is happening is purely money flows related. Throw out supply and demand for a moment, cuz we just made every short in the market from march 30th on, WRONG.

Daily chart suggests overbought, but not all too entirely yet.

Weekly suggests we could go another .25.

The monthly...suggests a number, that not one person in this forum suggested, including myself. Its possible, not probable. But eith the fund money positioned the way they were and now wrong, makes me wonder.

Sometimes the markets job is to make everyone think theyre wrong/right.

Edited by GOMSK 7/1/2020 09:06
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