Wednesday, July 29, 2015

Well That Was A Pretty Good Call: Corn, Wheat and Soybeans

On July 22 the headline was "Red hot grains, hit resistance, cooling off"".

And here's the last few day's action via Inside Futures:

Corn        379-2 down 6-2
Wheat      498-0 down 12-6
Soybeans 944-2 down 0-4
The guy who we linked to last week was Kimble Charting Solutions who we sometimes take to task for putting any emphasis on long term (beyond the price memory) trendlines but who certainly nailed the turn in all three grains.