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Continuation of Tech Guy Weekend Update 5/6/23

Here is the July Corn chart to go with the above comments.


The corn daily continuation chart projects 850 because the height of the W is 144 cents - 13 cents more.


The soybean continuation chart has a price run of about 266 cents low to high from last July to this February. You can see an ascending triangle that it made. The top of the pattern is the lower red horizontal line.


The top price was about 1550. You add 266 + 1550 = 1816. There are some possible targets to 1900. Again, these moves will take several weeks to a few months. Check out the bean continuation daily chart to see these estimates.







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