The ag's have been hotter than bitcoin this spring, and I've been so stuck in my little learner's bubble I barely noticed.
I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July.
This zone I have highlighted seems like a really friendly place to enter the market, however, I don't understand what is going on at the top, and if that is some kind of artificial capping done by market makers I absolutely don't want to be buying just under it.
What in the world is going on here?
I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July.
This zone I have highlighted seems like a really friendly place to enter the market, however, I don't understand what is going on at the top, and if that is some kind of artificial capping done by market makers I absolutely don't want to be buying just under it.
What in the world is going on here?