Several of the grains, including the ETP’s WEAT, SOYB & CORN, appear poised for a decent rally and possible trend reversal on a solid break (and possibly a backtest) of these downtrend lines. SOYB was recently posted as an official trade idea a few days ago with the chart of spot soybean prices including in that post (which can be referenced by clicking on the “SOYB” symbol tag at the bottom of this or any related post). WEAT & CORN will also likely be added as official trade ideas soon but I’ve yet to determine my price targets & just wanted to get the charts posted asap for those interested.
SOYB daily Jan 12th
CORN daily Jan 12th
WEAT daily Jan 12th