50% Retracement Shows Direction?
50% Retracement Shows Direction?
Dec corn hit the 50% retracement mark this morning. A close lower than 4.08CZ would signal a down trend possibly back to 3.65CZ. But if we bounce higher tomorrow from 4.08CZ we could see more strength to come.
And don’t forget the comparison to 2010 from my last commentary back in May.
July 23, 2015
Tom Miller
Dec corn hit the 50% retracement mark this morning. A close lower than 4.08CZ would signal a down trend possibly back to 3.65CZ. But if we bounce higher tomorrow from 4.08CZ we could see more strength to come.
And don’t forget the comparison to 2010 from my last commentary back in May.
July 23, 2015
Tom Miller
