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swmn/soin | A man by the name of Monte Woodford claimed that oats was the lead indicator in the grains. I had not looked at an oats chart for some time, but it also looks unfinished to the downside, based on my interpretation of its Elliot wave structure. It coincides with my opinion regarding a continuation of the downtrend in the other grains as well. I see the dollar is under some pressure today and that seems to be helping the other grains, but not the oats.....could be a caution flag to not get too overly bullish just yet.
Would also like to hear Senior Citizens comments too..... | |
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I'm not happy about oats.
