Soybeans, Corn & Wheat Reinforce Sell Signals.
Soybeans, Corn & Wheat Reinforce Sell Signals.
06/09/18 Weekly Re-Lay:
“Soybeans, Corn & Wheat have dropped sharply after reversing lower in line with multiple weekly cycles (and the weekly LHR indicator in Soybeans) that projected final rallies into late-May/early-June.
All three turned their daily trends down, with Soybeans & Corn also turning their intra-month trends down. That increases the potential for an overall decline into mid-to-late-July – when larger-degree weekly cycles project a bottom…
From a longer-term perspective, these grains fulfilled projections for substantial advances in the first half of 2018 as part of an overall advance into late-2019 and as a precursor to what is expected in the 6 – 12 months, beginning in xxx. 2018.”
Grain markets fulfilled late-2017 analysis for a multi-month rally to begin 2018 and fulfilled 1 – 2 year cycle highs by peaking in late-May 2018. Soybeans were the first to reverse down, in early-May, and have been projecting an overall decline into late-July 2018 since then. Corn & Wheat have now corroborated that after spiking to new highs in late-May. This developing peak provides powerful corroboration to what has been forecast for 2019 & 2020. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.