jmtbernardo

CORN Too much supply

Short
BATS:CORN   Teucrium Corn Fund ETV
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2
The most recent report from corn indicated that farmers planted large quantities of corn , thus drove the price of corn down. At the moment we have a descending channel and a death cross on this stock. I expect to go much lower to around 35.66. My strategy is simple, as the stock makes lower highs I will put stop loss until reaches my target. Source http://etfdailynews.com/2013/04/02/the-t...

Comments

Amazing how price movement continues to be near the channel.
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Most people are bearish on commodities.
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