The grains are all up strongly across the board, today. It seems that concerns about a weaker USD and continued strong demand for grains (food) globally is providing continued strong support for higher grain prices. I am continuing to buy on dips. Even when the markets temporarily go lower, grains universally continue to bail out even bad trades if I "go long and hold on"! The yellow dotted lines are Friday's closing prices. Here are today's charts!
Corn -- look at how strongly the Klinger Volume indicator is up on the left-side chart (bottom left)!
Wheat
Soybeans -- The Klinger Volume indicator is strongly up (left side chart, lower panel) in this one, too!
Monday, February 4, 2008
Go bulls! Go grains!
