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March 6th, 2015: CORN and WEAT Count Update

Posted by pugsma on March 6, 2015

6:20 pm EST:   CORN and WEAT count updates are shown below.

Note:  For the WEAT weekly chart, the ETN did not exist in 2009, so the 10.25 price was an approximation of the 210 cycle low based on Wheat Futures.  Wheat Futures closed at 482 today and the actual 2009 cycle low was considerably lower at 425.   Thus P2 has some more room to move below 10.25 without a wave violation.  A re-calculation for the 2009 cycle low is approximately 8.98.

CORN 4-hr chart (EOD):

PUG CORN 4-hr chart EOD 3-6-15

CORN weekly chart (EOD):

PUG CORN weekly chart EOD 3-6-15

WEAT weekly chart (EOD):

PUG WEATweekly chart EOD 3-6-15

This entry was posted on March 6, 2015 at 6:23 pm and is filed under CORN, WEAT. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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