Just to review we bought the last time down to the 200 day mvg avg. just below 50. We took 1/2 off  just above 55. We were waiting for a weekly close above 55.26 for confirmation of more follow through to the upside. Our hold level for any break was 52.65, the area we were looking to possibly reload on longs. It got close today. It is key that this instrument does not close below 52.60 or there will be another trip to the 200 day. The timing off the cycles for the better up in the grains ( based off Dr. Nenner’s Cycles) is not until late Summer.

Any investor wishing to do this trade should use these parameters.