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bollinger bands pinching together

It is starting to show a breakout either way.  It should be a upward or downward  breakout.  It shouldnt be a surprise we have the crop report next week.

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5 Replies
BlackCattle
Frequent Contributor

Re: bollinger bands pinching together

Which way are you thinking we go buck?
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Re: bollinger bands pinching together

I would think lower bit it keeps building momentum.
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c-x-1
Veteran Advisor

Re: bollinger bands pinching together-"stranglehold"

 
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elcheapo
Senior Advisor

Re: bollinger bands pinching together

Its going to go down, bounce around. Charts
then say oversold, plus crop weather, will
Go up again. Then short rally into harvest.
Modest decline thru. Harvest, then up and
down.

The key is timing. When to get in an out.

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Re: bollinger bands pinching together

Looks like wheat has confirmed its low still waiting on corn and beans
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