Technical forecast for Wheat
Wheat for December did continue higher as predicted to hit our target of 670/671. We topped at 676/677 but dipped back & are facing resistance at 670/671 once again.
Technical forecast for Corn
Corn continued the recovery as predicted but unexpectedly broke strong resistance at 497/498. to reach 508. This is a 50% recovery of the last leg of the sell
Technical forecast for Soybeans
Soybeans continued higher to hit our target of 1396 & topped almost exactly here at 1398. We are getting very overbought but a break higher cannot be ruled
Technical forecast for Corn
Corn continued the recovery as predicted & gapped open above 479 in a very bullish move to hit 489. We look for continued gains today with a break
Technical forecast for Soybeans
Soybeans tore higher & gapped open this morning in a very bullish move as we hit 1389. If we continue higher look for 1396 then September’s high of
Technical forecast for Wheat
Wheat for December making a recovery today as predicted & has this morning gapped above 651/652 to hit 660. This is very bullish price action & could see
Technical forecast for Corn
Corn for December continued lower as expected in this bear market & a break below yesterday’s low of 471 could reach 468/467 this week. Below here we are
Technical forecast for Wheat
Wheat for December held support at 660/59 & made it almost as far as 669/670 for our selling opportunity. This area should hold the topside again today in
Technical forecast for Copper
Copper for August has run out of steam this week as we trade in a range from 315.35/70 up to 322.55. We are battling an overbought stochastic but
Technical forecast for Silver
Silver did test good support at 19.88/78 for a short term buying opportunity with stops below 19.65. This trade worked perfectly as we bottomed exactly here at 19.80.