March Corn has launched off of the lows at the end of a H&S fall and looks like it might be setting up for a bearish Gartley. Corn crossed over the 20 day MA and pivot and stayed above this at the end of the day and eyeing R1 at 386'7. Possible continued move to R2 at 392'2 depleting RSI. The R2 would be a triple top and might signify further upside. Significant resistance comes in at 398'1 though.
Commentaire:
R1 in sight. Will probably make that tonight.