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August 2nd, 2015: CORN, WEAT, JJG and JO

Posted by pugsma on August 2, 2015

2:00 pm EST:  Both CORN and WEAT are at the 88% retrace limits for this minor wave 2.   A break of the their recent lows of 22.35 and 9.81 could lead to test of their 2009/2010 Cycle lows of 18.82 and 8.98.  JO this past week already set a new cycle low below 20.37 at 19.97 and could be headed for the double top (42.87) target of 18.21.

CORN Weakly Chart (EOD 7-31-15):

PUG CORN Weekly EOD 8-31-15

WEAT Weekly Chart (EOD 7-31-15):

PUG WEAT Weekly EOD 8-31-15

 

JJG Weekly Chart (EOD 7-31-15):

PUG JJG Weekly EOD 8-31-15

JO Weekly Chart (EOD 7-31-15):

PUG JO Weekly EOD 8-31-15

This entry was posted on August 2, 2015 at 2:01 pm and is filed under CORN, JJG, JO, 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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