- New Science in old markets -

Corn and Soya extend, Copper update

Corn futures extended on the penultimate day of trading in September delivery futures. Soya beans have also extended for a second time in this rally and we think that you can now sell both:

Beans, Corn extend

Copper has not produced any fresh signals since a pair of weekly-scale top extensions in July (circled in first chart below). This signal is still 'in date' and we have been waiting for a chance to sell short. The daily price has now tried and failed three times to get above $3.09 and this would seem to be as good a chance to sell as we will see, lacking a compression. Sell now but don't risk much:

Coper wkly &dly