Goldtent TA Paradise

Here are a couple of charts. The first shows that JJG (Beans, Corn and Wheat) like other soft commodities, have been locked in a rather nasty 5+ year downtrend. The Red Fork tells it all and shows how price is channeling downward. The center fork line seems to be providing some support for the past year, so the bounce here is not surprising

The second 2 month chart shows the current trend which appears to be a Bear flag that is perhaps in move A of an A,B,C countertrend rally. So unless the CRB has bottomed here, this should just be a trade.