Today's range is above the 5-day mode, which sets up a rally for 4 more days. Today is day 1 of the 5-day anticipated rally. Today's range will be complete when corn closes in an hour. If the low is in for today then this is a buy signal.
Upside potential to 360 where there are 23 days of supply. That is the measured move as well.
Tim
1:25PM EST Tuesday, October 14, 2014 348'2 +2'2 last
Comments
Kumowizard
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Also broke its medium term downtrend a few days ago. The best looking agri at mom for more bullish moves. Wheat may be a buy too, but soybeans tricky, too many resistances above. Corn is a buy, and I think even if it drops back a bit from next local top or resistance, it will remain a buy on dips.
timwest
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Thanks. Feel free to add charts with your comments, stops, targets, etc.
timwest
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Well, that was about the fastest signal I have ever made... 357 1/2 last... Not a major move, only equal to 1.5 average daily ranges, but that was in about an hour. Ring the register....