Agricultural Commodities, Over Bought Becomes More So

By Gary Tanashian of Notes From The Rabbit Hole

NFTRH & Biiwii's Unique Market Perspectives • Feb 19, 2014 at 5:09 AM EST

NFTRH 278 said this about agricultural commodities funds DBA, CORN and JO: “DBA was sold from the brokerage portfolio due to its over bought status last week, but CORN is still held because of a neat looking consolidation above the MA 50’s."

NFTRH 278 said this about agricultural commodities funds DBA, CORN and JO:

“DBA was sold from the brokerage portfolio due to its over bought status last week, but CORN is still held because of a neat looking consolidation above the MA 50’s.”

and…

“Coffee is one reason the Ag’s got over bought, but the consolidation looks bullish.”

corn.jo

Being who I am, I just could not buy the JO consolidation, but it is breaking upward on cue. CORN I could keep holding and now its bottoming pattern is expressing itself as it errr… should.

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