Grain's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
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.
Follow me on Twitter or Facebook for further discussion.
Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.