Over the past month, grains have done really well. Of the Top-10 assets to own the past month, the grains dominate this category.
Below looks that the patterns of wheat, corn, soybeans and grain ETF (NYSE:JJG)
The strong rally in the grain complex took each of these up to falling resistance lines that have been hard to get above for the past few months.
As of last week, these grains created reversal patterns at key falling resistance lines.
Until enough buyers step forward, these resistance lines look fairly heavy at this time.