Bean oil looks as through it is setting up for a nice bullish channel.
A bounce off of the support near 35.08 will confirm its validity and will be a chance to enter long.
A second bullish confirmation will be a move above the 21 day Moving Average
A breakout to the downside will void the idea and the chart ...
Over the past few months, ZCH2017 has been more or less range bound.
Fundamentally we know a few things:
1. massive supply
2. decent demand
3. a season of south american planting that can make or break the US ag market.
We also know a few things technically as well:
1. A range bound chart that turns over at ...
I believe dec corn weekly is moving into a downward trend at least for the nearby due to a combination of technical and fundamental indicators.
MA's are nearing convergence and the Stoch RSI has already done so. MACD has begun its downward trend as well and RSI looks to be heading lower.
This week the USDA ...
With the convergence of the Stoch RSI, downward trend in price, as well as the MACD, I would say the bears are alive.
RSI is also moving down. A long way from indicating an oversold market, but it may be headed there.
Open Interest has been rising as the price has fallen the last few days, which indicates ...