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| Corn (CBOT) : Resistance at 559.50
Monthly Cycle Pivot Centers : 448.00 - 497.25 - 513.75
Normal Lower Limits : 343.00 - 426.50 - 448.75
Normal Upper Limits : 553.00 - 568.00 - 578.75
Weekly Cycle Pivot Center : (532.75) - (535.50) - (543.25)
Normal Lower Limits : 475.75 - 481.75 - 491.00
Normal Upper Limits : 579.75 - 589.00 - 604.75
Directional Indicator : 391.75* - 448.00 - 481.50* - 504.50* - 513.75 - 497.25 - [531.75] -(532.75) - (535.50) - (543.25) - [547.25] - [559.50]
Weekly Cycle Projected Series : ... 481.75 - 492.00 - 502.25 - 507.25 // 512.50* - 517.50 - 522.75 - 527.75 - 533.00* - 538.00 - [543.25] - 548.25 - 553.50* - 558.50 - 563.75 - 568.75 - 574.00* // 579.25 - 584.25 - 594.50* - 604.75 ...
Weekly Cycle Congested Area : (437.75 - 472.75 - 508.00 - 543.25 - 578.50 - 613.50 - 648.75)
Remarks : The weekly cycle congested area indicates that the market has a tendency to trade between 508.00 - 543.25. The market is positive when it is above the monthly cycle pivot centers at 448.00 - 497.25 - 513.75. On the other hand it is under pressure when it is below the weekly cycle pivot centers at (532.75) - (535.50) - (543.25). The market is now trapped in the range of 513.75 - (532.75). Speculative buying interest will increase when the market is able to trade above the weekly cycle pivot center at (543.25). Projected resistant points are expected at [547.25] - [559.50].
Corn : Monthly Cycle Charts
http://www.qindex.com/corn.html
Albert Cheung (Ph.D.)
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Corn (CBOT) : Resistance at 559.50
