The Daily Charts for Corn, Wheat and Beans in the Spot month (H) March… All have one thing in common. Bear trend lines going back to The Highs Last July 6-months ago. Trend lines are not infallible. However, barring a fundamental story to move these market, grain traders and hedgers can’t pretend like they don’t exist. Barring any thing else to look at , everyone will take note of these T-lines, especially since they are over 6 months old. A 5 minute trend line is almost meaningless. A 6 month trend line is definitely worth paying attention to. Caveat Emptor with these trend lines: Here they are:
