Wednesday, April 28, 2021

#Grains Review #Corn #Soybeans #Wheat #Ag

Grains Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Grain's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

Use the Rev tab of the Matrix to establish supply/demand (congestion) zones for #corn, #soybean, and #wheat. The Matrix uses the ETNs. Supply/demand zones for the ETNs will line up with the continuous contract. For example, once price enters a congestion zones for $CORN as support, it often translates into support for the continuous contract.

Short-term traders focus more on the daily reversals, while longer-term position traders, investors, and producers concentrate on the weekly and monthly ones. There's a lot of noise in the daily trend, so experience teaches that the weekly and monthly reversals are more stable as defining support and resistance.

Where do the resistance and supports zones lie? The weekly reversals are a great place to start.

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