March23 Corn

4 thg 12, 2022

March23 Corn – Weekly: To much noise in the markets keeps me using weekly charts instead of daily charts. A break into the cloud and move below the blue Tenkan line was a concern, but each week found support against the red Kijun line (currently 6.60). A weekly close below 6.60 now could see continued weakness down to the bottom of the cloud at 6.20. The volume bars on the right show volume by price. Much volume happened at the 6.60 area before the break. Catch up sales should pay attention to this target. Further risk below at 5.85 to 5.68. A move Above 6.60 look at the 6.92 (and 7.11 swing high)