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Over the past month, the grains have done really well. Of the Top 10 assets to own the past month, the grains dominate this category!
Below looks that the patterns of Wheat, Corn, Soybeans and Grain ETF JJG
The strong rally in the grain complex took each of these up to falling resistance lines that have been hard to get above for the past few months.
As of last week, these grains created reversal patterns at key falling resistance line.
Until enough buyers step forward, these resistance lines look fairly heavy at this time.
If you would like to stay abreast of the opportunities in the grain complex, I would be honored if you were a Sectors/Commodities Sentiment Extreme members.
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