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Months of Corn
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Spikes
Posted 1/16/2021 21:02 (#8757021 - in reply to #8756918)
Subject: RE: Months of Corn


Yeah pretty scary...for any downside movement...especially if the quarter ends up being a temp high...Yearly seems to be breaking out though. There is suppose to be a change in trend in April...the last cyclical event was a high back in Dec. 20...normally you would look for a low...with these highs it implies that it is in a cycle inversion...they tend to be really bullish. if we close above 13.20'4 on a monthly basis that would imply a further advance to the upside immediately for now...Just not a lot of support on the monthly...weekly has a bearish reversal at 12.17'6 than may stop any further decline 

Sp!Ke 

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