The future road- tech. analysis

The corn

According to the graph:http://www.agrimoney.com/futures.php?page=chart&sym=ZCZ12&domain=agrimoney&display_ice=1&studies=Volume;&cancelstudy=&type=AREA There are three points show that the price would trend up.  But the price seems to reach the main level. Thus I am not sure whether the price will continue to trend up next week. If I will trade next week, I would choose to long on corn and focus on the graph each morning, make sure that I could observe change.

 

The wheat:

Several weeks trend down finally come back bullish market. The graph on agrimoney shows that the price of wheat will go up next week. Because it has a “shoulder” on the graph and it has a long distance before it reach back the main level.

The soybean:

Soybean case is similar with wheat case, so I will choose to long on these three commodities.

Leave a Reply