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June 3rd, 2014: CORN and WEAT Wave Count Update

Posted by pugsma on June 3, 2014

3:15 pm EST:

If 13.18 does not hold, it looks like CORN will test the 78% retrace of 30.88.  Below 29.50 the CORN wave count goes invalid.

CORN 60-min chart (EOD):

PUG CORN 60-min chart 6-3-14 EOD

CORN 4-hr chart (EOD):

PUG CORN 4-hr chart 6-3-14 EOD

WEAT has entered the 14.89 to 14.49 gap and hit the 62% retrace of 14.76.   WEAT may be going for a gap fill to 14.49 and maybe the 78% retrace of 14.15.  Below 13.31 the WEAT wave count goes invalid.

WEAT 60-min chart (EOD):

PUG WEAT 60-min chart 6-3-14 EOD

WEAT 4-hr chart (EOD):

PUG WEAT 4-hr chart 6-3-14 EOD

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