FARM BUSINESS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Wed Feb 12, 2014 04:15 PM CST

When you first look at it, the weekly chart for December 2014 corn looks similar to a dish of vanilla ice cream, with vanilla wafers, topped with marshmallows. In other words rather bland. But a closer inspection of the market could be enough to keep market bulls hopeful.

Notice that this week's activity has seen the contract pop through its previous high of $4.60 (week of January 13) and $4.60 3/4 (week of February 13), hitting $4.63 1/4 this past Monday. This move to a new four-week high coincides with continued bullish weekly stochastics (bottom study) indicating the secondary (intermediate-term) ...

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