timwest

CORN _ massive distribution

AMEX:CORN   TEUCRIUM CORN FUND
349 3 0
Corn             is not a liquid etf , but it is a good reference for the price of Corn             Futures as they use a basket of futures in their portfolio. I view the larger picture as a broadening top formation, which occurs after a long advance. I think it is useful to look at markets that move differently than the stock market , just to round out your perspective. Often, high prices of commodities inspires new production and if you look closely at the chart, the red rectangle marks a level where sellers clearly emerged and this rally is right back towards that resistance. If we get another short move up, it will hit that supply and provide a very low risk entry on the short side for targets down 10% to 20%.
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timwest PRO
5 years ago
As of Monday, Nov 14th at 10:20AM EST, this is tracking along very well.
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timwest PRO
5 years ago
As of Friday, Nov 18th at 4PM EST, this continues to track along forecast.
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very impressive, Tim. I'm following most of your ideas. Keep walking!
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