Sunday, May 3, 2009

Technically Grains

CORN cn9

Corn is wishy washy. If rally has legs 418 needs to be taken out.

Time is now for corn. Prices are up against resistance, and any rally attempt will need to show strength above it. RSI, MACD, and a breakout of triangle all say higher. It's getting hard to sell.




SOYBEANS sn9


The sky seems to be the limit......for now.

Last week's trade pushed through a new high in the rally. Buy the dips.



CBT Wheat wn9


Much like corn it's time for wheat to shit or get off the pot.



All the indicators are pointing higher, but 581 resistance needs to be taken out soon.



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