The “SELL” button was getting hit at the 50 day moving average these past three days in corn. This throws some cold water on the short covering party. There are similar technical resistance levels to be aware of in soybeans, wheat, oats, cattle, and hogs as well. So where might be a place for potential support to buy back in?
We’re looking at that in today’s video as well as a quick glimpse at outside markets USD, DOW, and Crude Oil.
Contact your broker to discuss your trading or hedging plan!
This article originally appeared in the Technical Ag Knowledge Newsletter “Someone Hit the Sell Button **VIDEO** Chart Analysis” at 03/26/19 03:09:20 PM Central Daylight Time.
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