Producer & End-User Corn Hedge Strategies “Down Here”
Posted on 6/29/2016 1:11 PM by Dave Toth
For all intents and purposes the bullish divergence in short-term momentum above 4.00 discussed in Mon’s Technical Blog has been nullified by the extent of today’s relapse that reinstates the past week’s collapse from 17-Jun’s 4.49 high. As a direct result of the resumed weakness the hourly chart below shows that the market has defined…