Monday, September 14, 2009

Bottom In Corn and Wheat????

In both the December corn and wheat charts we can see they continue to make lower lows from mid July but on less and less weakness from the RSI (called positive divergence in tech talk), and the MACD is showing signs of turning positive or already has. This in conjunction with too much bearishness is a good sign both these commodities may have found a bottom or are near one.

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