Technical forecast for Corn
Corn held 412/11 & managed to beat 415/16 as we look for a selling opportunity at 420/421. This should hold a move higher today but shorts need stops above 422 for the next selling opportunity at 424/425.
Technical forecast for Corn
Corn broke 420/419 & as we warned the outlook remains weak, a break below 415 was seen & the 1 year bear trend continues as we hit the
Technical forecast for Corn
Corn tried a move towards 476/477 for profit taking on our longs as hoped but only made it to 474. We just survived a test of Tuesday’s low
Technical forecast for Wheat
Wheat for December held resistance at 657/658 as expected & just held above the gap at 648/646 & our buying opportunity. Watch this level again today but longs
Technical forecast for Corn
Corn tested good support at 477/476 & saw a low for the day as predicted. We bounced to resistance at 484/485 which did hold the topside as expected.
Technical forecast for Corn
Corn tested good support at 477/476 & saw a low for the day as predicted. We bounced to resistance at 484/485 which did hold the topside as expected.
Technical forecast for Wheat
Wheat for December held resistance at 657/658 as expected & just held above the gap at 648/646 & our buying opportunity. Watch this level again today but longs
Technical forecast for Soybeans
Soybeans bounced towards 1366 but only made it to 1363. Resistance at 1361/63 today but above here may test resistance at 1379/82 for profit taking on any longs.
Technical forecast for Wheat
Wheat for December held resistance at 670/671 & fell as far as support at 658/657 to bottomed exactly here. This could hold the downside again today but if
Technical forecast for Corn
Corn buying opportunity at 485/484 worked perfectly as we made it back towards resistance at 493/494 for profit taking & attempting shorts. Over night however we have broken