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Re: kel3 post# 13895

Saturday, 09/01/2012 2:07:30 PM

Saturday, September 01, 2012 2:07:30 PM

Post# of 30377
PEIX Vs Corn Chart & Analysis Of Corn Price

http://finance.yahoo.com/echarts?s=CORN+Interactive#symbol=corn;range=3m;compare=peix;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;



Corn Shorts Betting BIG It Will Go Down

http://stockcharts.com/h-sc/ui?s=SCOR&p=D&st=2012-08-03&en=(today)&id=p34546740161



Lets See What Happened After Last Years Drought

http://barchart.com/chart.php?sym=ZCU12&style=technical&template=&p=DO&d=M&sd=09%2F01%2F2011&ed=06%2F15%2F2012&size=M&log=0&t=BAR&v=2&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump


What Does Seeking Alpha Say?


I think it is a great swing trade to be scaling into bearish trades


Prices appear to peak during the summer months, then fall off appreciably

prices have had trouble holding above $8/bushel over the last four weeks. Prices are overbought on this weekly chart, and as you can see by the convergence of the trend lines drawn and the Fibonacci levels, it would not be unreasonable to see prices back near $6/6.50 bushel in the coming months
http://seekingalpha.com/article/827321-commodity-chart-of-the-day-corn


What Does Bloomberg Say?


Ethanol Production In U.S. Low Enough To Drain Surplus

http://www.bloomberg.com/news/2012-08-20/ethanol-production-in-u-s-low-enough-to-drain-surplus-cme-says.html

Bloomberg Says Corn prices may slide to $6.75 a bushel
http://www.bloomberg.com/news/2012-08-20/corn-may-drop-on-weak-ethanol-demand-capital-economics-says.html
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