Saturday, June 8, 2013

Nov. Beans & Dec. Corn Have Buy Signals Today

This is the 3rd buy signal in beans since the change in trend in mid May On the weekly chart Nov. beans have broken out and are getting near the top Of the range on the monthly chart beans have been trending up for a year and in a rangeFrom $12 to $14 and looks like they should go back to $14  Corn Dec has a fresh buy signal since the trend changed to up in late May although we have been rang bound this next move could take corn to 590 levels. The weekly chart is at the top of the range the MACD has turned up 1st change in trend since it turned down in September.


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