End of the Week Grain Chart

Corn ck9

The week ended with trend violation: sell any bounce higher.

Friday closed out the week with a trend violation which ends the brief rally corn has had over the past month and half. Including the violation MACD indicator shows a nice short patter with RSI trending below 50%. We're not oversold yet, but any bounce followed by weakness should be sold.

Beans sk9
RSI is overbought. Expect a correction lower but continue to buy.

Long term weekly chart shows a confirmed 1-2-3 bottom.

CBT Wheat wn9

It's do or die for wheat. Will support hold?