1M: Corn Futures multiyear down trend likely in progress
As above.
Multidecade trend channel in progress with clear resistance/sell zones and support/demand zones.
Multiyear bearish RSI divergence on the 1M chart and decreasing volume suggests continued fall in corn futures price action over the next few years.
Will follow.
Multidecade trend channel in progress with clear resistance/sell zones and support/demand zones.
Multiyear bearish RSI divergence on the 1M chart and decreasing volume suggests continued fall in corn futures price action over the next few years.
Will follow.
Comment:
On target to demand zone as above..........