Looking at our daily continuous corn contract we will first use our indicators such as , , and
to determine possible directional position.
Or is heading down the slightest but has been at this high level three major times with no success to
break through and has gone flat. Our shows slight less buying pressure with the buy above the sell
, therefore still showing slight, not strong but still presence.
Our shows overbought conditions with our buy and sell looking to cross for selling pressure.
(Only 1 real signs with a reasonable half indicator.)
A 10R chart will show a more favorable move to the downside which will break it through the latest low.
an upside move using this technique is unlikely due to previous candle strength after Sep 17 drop .
We are in lower lows and lower highs pattern and are testing the third resistance touch with little strength
to break out.