Corn - Dec 2014 - ZCZ2014 - Great rally back to old supply
Points are described on the chart.
1. Overbought CCI > 200 @ old 20-day supply level.
2. Long term downtrend was violated, so this may be just the exhaustion of the the first up leg into a natural resistance area.
3. Volume lately has been in "range expansion up days"
4. 9-day "time at mode" signal is still in effect (however)
Tim 10:10AM EST 10/28/2014
1. Overbought CCI > 200 @ old 20-day supply level.
2. Long term downtrend was violated, so this may be just the exhaustion of the the first up leg into a natural resistance area.
3. Volume lately has been in "range expansion up days"
4. 9-day "time at mode" signal is still in effect (however)
Tim 10:10AM EST 10/28/2014
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