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JJG ( Grains Index) Weekly
Not looking Bullish except for a possible retest to the bottom line or maybe the apex
JJG Daily
Chartology Break Out ( Down) with a Hard Backtest (thru the line)
High % chance it will reverse right here and continue down
BUT if it continues up and thru the top line this will have been a False breakdown which often
leads to a breakout in the opposite direction and a strong move
Bottom line…… Anecdotal FA is interesting sometimes BUT TA pays the bills
Careful until the overhead Daily and Weekly lines are breached .
That weekly line at 32.25ish is a STRONG resistance line now …no way it gets taken out easily .
Thanks, Fully – much appreciated!
Thanks FGC – so Canada has lost the miners, then oil and gas (Alberta is crushed from Tar Sands) and now the Ags are in the same “death-spiral” Sorry for your loss!
Peppermint … could be worse … if Canada isn’t paying really close attention to Solar Cycle 25 and its prospects, they sure should be. This year is likely an anomaly due to El Nino, but the next couple of years could be quite unsettling.