See on the daily bar chart for May corn futures that the strong bull market run remains in place. Bulls still have the solid overall near-term technical advantage, which means the path of least resistance for prices remains sideways to higher. Remember, too, that the U.S. planting and growing season will play out over the coming few months, which means that weather scares will very likely pop up, to boost grain futures prices. If you’d like to read a fun feature I wrote on “Fear and Greed in a Weather Market in the Grains,” just send me an email at jim@jimwyckoff.com and I’ll email it to you. Stay tuned! Jim
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