WEAT
WEAT completed its HALFWAY measured pattern this week as well did found Support at the RED HOR LINE and bounced UP. Technically WEAT could have made its’ LOW. Sure lots of RES above and even we need to see a BO on the charted RSI (see thumbnail). I have adjusted the PURPLE Parabolic line.
WEAT-bulls have a promise from here although the Vertical Blue FIB line is where a significant low/turn is suggested! Or will next VERT.FIB become (intermediate) NEXT HIGH … which is plausible as well as it marks a Winter! Could this also signal other commodities LOW is in? Inviting other chartist to show some proof/charts for such this weekend here at this Forum.
IMO. DYODD.