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Archive for the ‘CORN’ Category

September 14th, 2015: CORN, WEAT, JJG and JO Chart Update

Posted by pugsma on September 14, 2015

5:55 pm EST:  The soft commodities (CORN, WEAT, JJG, JO) are all getting interesting here after a 3rd push down to slightly lower lows.   The weekly MCAD’s are showing a positive divergence.

CORN (weekly): ST target 26 and IT target 32.

PUG CORN weekly EOD 9-14-15

WEAT (weekly):  ST target 12 and IT target 16.

PUG WEAT weekly EOD 9-14-15

JJG (weekly):  ST target 36 and IT target 40.

PUG JJG weekly EOD 9-14-15

JO (weekly):   Reached it’s double top target of 18.21.  ST target 24 and IT target 30.

PUG JO weekly EOD 9-14-15

Posted in CORN, JJG, JO, WEAT | Comments Off on September 14th, 2015: CORN, WEAT, JJG and JO Chart Update

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

Posted in CORN, JJG, JO, WEAT | Comments Off on August 2nd, 2015: CORN, WEAT, JJG and JO

July 20th, 2015: CORN, WEAT and JO Count Update

Posted by pugsma on July 20, 2015

6:00 pm EST:   Both CORN and WEAT look to be putting in wave minor 2 of major [1]-P3 at the 50%/62% retrace target area.

CORN Weekly Chart (EOD):

PUG CORN weekly chart EOD 7-20-15

WEAT Weekly Chart (EOD):

PUG WEAT weekly chart EOD 7-20-15

JO Weakly Chart (EOD):

PUG JO weekly chart EOD 7-20-15

JJG Daily Chart (7-22-15):

PUG JJG daily chart EOD 7-22-15

Posted in CORN, JO, WEAT | Comments Off on July 20th, 2015: CORN, WEAT and JO Count Update

July 1st, 2015: CORN and WEAT Wave Count Update

Posted by pugsma on July 1, 2015

1:00 pm EST:  Both CORN and WEAT have broken out of their 3-year old P2 down channels.  P3 up is likely underway.  Minor and major degree wave targets are shown on the weekly charts below.

CORN weekly chart (7-1-15):

PUG CORN weekly chart 7-1-15

WEAT weekly chart (7-1-15):

PUG WEAT weekly chart 7-1-15

Posted in CORN, WEAT | Comments Off on July 1st, 2015: CORN and WEAT Wave Count Update

June 2nd, 2015: CORN, WEAT, JJG and JO Chart Update

Posted by pugsma on June 2, 2015

3:45 pm EST:

CORN weekly chart:  New low on CORN at 22.44 with potential weekly MACD +Div.

PUG CORN Weekly 6-2-15

WEAT weekly chart:  The 9.86 low is holding so far with potential weekly MACD +Div.

PUG WEAT Weekly 6-2-15

JJG weekly chart:  New low on JJG at 32.30 with potential weekly MACD +Div.

PUG JJG Weekly 6-2-15

JO weekly chart:  Nov 2013 low of 20.37 holding thus far.

PUG JO Weekly 6-2-15

Posted in CORN, JJG, JO, WEAT | Comments Off on June 2nd, 2015: CORN, WEAT, JJG and JO Chart Update

May 27th, 2015: CORN, WEAT and JO Weekly Chart Update

Posted by pugsma on May 27, 2015

3:15 pm EST:

CORN weekly chart:  New low on CORN below 22.62.  Target is the 88% retrace at 21.89 to 21.40, where [C]=0.62[A].   Potential weekly MACD +Div.

PUG CORN weekly 5-27-15

WEAT weekly chart:  9.86 low holding so far.   Potential weekly MACD +Div.

PUG WEAT weekly 5-27-15

JO weekly chart:   Break the 20.37 low from Nov 2013 and the double top target is 18.21.

PUG JO weekly 5-27-15

 

Posted in CORN, JO, WEAT | Comments Off on May 27th, 2015: CORN, WEAT and JO Weekly Chart Update

May 19th, 2015: CORN, WEAT and JO Wave Count Update

Posted by pugsma on May 19, 2015

11:50 am EST:  CORN, WEAT and JO look to have bottomed in a Primary 2 (P2) wave and should be headed higher in a major [1]-P3 wave over the next 6 to 12 months.

CORN weekly chart:

PUG CORN weekly 5-19-15

WEAT weekly chart:

PUG WEAT weekly 5-19-15

JO daily chart:

PUG JO daily 5-19-15

Posted in CORN, JO, WEAT | Comments Off on May 19th, 2015: CORN, WEAT and JO Wave Count Update

May 4th, 2015: CORN, WEAT and JO Count Update

Posted by pugsma on May 4, 2015

CORN Weekly Chart:

PUG CORN weekly chart 5-4-15

WEAT Weekly Chart:

PUG WEAT weekly chart 5-4-15

JO Daily Chart:

PUG JO daily chart 5-4-15

Posted in CORN, JO, WEAT | Comments Off on May 4th, 2015: CORN, WEAT and JO Count Update

April 14th, 2015: CORN, WEAT and JO Wave Count Update

Posted by pugsma on April 14, 2015

6:05 pm EST:  Here are the updated CORN and WEAT weekly charts.  The respective P2 lows may not yet be in place.

CORN Weekly Chart (EOD):

PUG CORN Weekly EOD 4-14-15

WEAT Weekly Chart (EOD):

PUG WEAT Weekly EOD 4-14-15

JO 4-hr chart (EOD):

PUG JO 4-hr MD 4-15-15

JO daily chart (EOD):

PUG JO daily MD 4-15-15

Posted in CORN, JO, WEAT | Comments Off on April 14th, 2015: CORN, WEAT and JO Wave Count Update

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

Posted in CORN, WEAT | Comments Off on March 6th, 2015: CORN and WEAT Count Update