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EC SD | There are many technical analysis approaches. My favorite, based on a lot of backtesting historical data, is MACD on the weekly chart.
For Dec corn, I want to see the MACD (fast line) above the MACD signal line (slow line) to indicate a trend reversal may be happening. Then if the MACD line reaches the zero level with a decent gap above the MAC signal line, it is likely a trend reversal has occurred. I also look at OBV to confirm the move. If the OBV has not also significantly reversed, then the move may be fake.
The old saying: "The trend is your friend" is best applied as follows:
It is best to not care if the market is going higher or lower, as long as you can tell the trend direction. Position yourself to gain on the clear uptrends as well as the clear downtrends. When the market direction is ambiguous, then hedge your bets to get to a neutral exposure. When a trend in either direction reveals itself, then move your exposure to benefit from that trend.
Here is a chart. It shows we are still in a downtrending market.
 (ZCZ24 Chart (full).jpg)
Attachments
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 ZCZ24 Chart (full).jpg (95KB - 45 downloads)
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Corn/ Bean Bottom
