NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Mar 2, 2013 09:52 AM CST

Watching the corn market develop this past week, I saw that the more active May contract was in the process of establishing a bullish reversal on its weekly chart. Sure enough, as soon as the market closed, colleague Elaine Kub tweeted that yes, such a signal had been put in place.

What is a bullish reversal? On the weekly chart, it occurs when a contract trades below its previous week low, above its previous week high, and closes higher for the week. In regards to the last characteristic, some analysts argue that the weekly close has to be above the ...

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