Soft Commodities - Stage 4 Breakdowns
A number of commodities took a big hit yesterday and made Stage 4 continuation moves. Corn (ZC) was one of the worst hit, but Wheat (ZW), Soybeans (ZS) and Soybean Meal (ZM) all had strong down days, potentially beginning new Stage 4 continuations also. Oats (ZO) was also notably weak but is still in Stage 3 for now.
Attached is the Corn (ZC) weekly and daily charts, and the P&F 1% chart.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.