Friday, January 31, 2014

wave 3 for corn possibly setting up......

Dec corn chart for Jan. 31st 2014



A break over 455 and a close near the high of 460 sets up a wave 3 higher to a price obj of 486 on the Dec. corn daily chart above.
-important fib numbers to watch: .618 @ (4.44 1/2) and .786 @ (4.40 1/2)

- Order placed to buy premium on a break of 4.60 
- Invalidation of this current count would be a break back under the low of 435.0

No comments: