Setup Conditions for Corn (December)
December/07/2008 22:21 Filed in: Commodity Monthly Analysis
Corn has good fundamental setup conditions. See weekly chart below.
Conditions Summary:
-AboySetup1 Commercial Buying Estimator: high
-AboySetup2 Commercials Index: high > 80%
-AboySetup3 Sentiment Index: low < 25%
-AboySetup4 Large Traders Index: low > 20%
-AboySetup5 Small Traders Index: high < 80%
-AboySetup6 Fundamental Valuation Index : low < 25%
-AboySetup7 Seasonal: around the lowest points
-Stochastic: oversold <20%
-ADX: over 60
Analysis:
-Long Entry requires closings above 370. The overall trend is bearish.
Conditions Summary:
-AboySetup1 Commercial Buying Estimator: high
-AboySetup2 Commercials Index: high > 80%
-AboySetup3 Sentiment Index: low < 25%
-AboySetup4 Large Traders Index: low > 20%
-AboySetup5 Small Traders Index: high < 80%
-AboySetup6 Fundamental Valuation Index : low < 25%
-AboySetup7 Seasonal: around the lowest points
-Stochastic: oversold <20%
-ADX: over 60
Analysis:
-Long Entry requires closings above 370. The overall trend is bearish.