timwest
Long

TEUCRIUM CORN FUND CORN - BULLISH TRIANGLE BREAKOUT

AMEX:CORN   TEUCRIUM CORN FUND
341 12 7
This is the time of year when Corn             can make a decent move.

If you don't have a futures account, this is the way to play a move up in corn             .

The other ways are fertilizer stocks , seed companies and farm equipment stocks .

However, it makes sense to track Corn             futures directly.

This fund holds a few different futures contracts so it is not completely sensitive to the moves in the front month contract.

Bullish continuation pattern on the charts here in CORN             . Upside for another 14 days from this 15-day pennant.

Tim 2:30PM EST Thursday, 3/27/2014 33.94 last/ask. 33.75 bid/33.94 ask
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2use
2 years ago
Cup and holder pattern?
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timwest PRO 2use
2 years ago
2use, as for a name for this... I'd just call it a base pattern, followed by a consolidation pattern in the new uptrend.
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timwest PRO
2 years ago
I'm going to be buying into this move down, but waiting until tomorrow and only if it is up on the day. I'm comfortable as long as it is above 32, which I view as key support due to the 15 days there from December until now. There are 16 days at 33.50, for example. So, the key "control points" are 32 and 33.5 for CORN. As long as CORN is above 32, I am constructive (for the next month). Tim 10:17AM 3/31/2014 33.09 last -0.56 today
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2use timwest
2 years ago
Up on the day tomorrow or today?
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timwest PRO 2use
2 years ago
As long as corn is above 32 it is very bullish.
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timwest PRO 2use
2 years ago
I had figured that we'd have until tomorrow to buy, but it turned right around today. Are you already in the trade?
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2use timwest
2 years ago
I added it to the to-buy portfolio, was the next one to get indeed. Did not expect the move today actually as it was down.
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timwest PRO timwest
2 years ago
I like how CORN held on that sharp decline today to wipe out any weak holders. I didn't want anyone to feel scared about that sharp selloff as that is how the commodity markets work - trends reverse sharply to wipe out any weak longs and take out their stops. Markets are designed to go to where the most volume will trade. But a keen observer will note how well the market holds when it tests both sides of the market to determine which side is stronger. CORN tested the shorts first by breaking out, then the longs got tested this morning on that break to a 10-day low and then reversed to go up on the day. Pure capitalism in commodities. Unrestrained capitalism.
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TheChasm timwest
2 years ago
I really want to buy CORN but I only like options and I am a little late to the party, they are all very expensive now.
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TamirHa
2 years ago
hello tim
do you add days to the count?
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BizkitBR PRO
2 years ago
Love some of dat popcorn.. Thanks
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2use
2 years ago
Is it forming a double bottom now? Also, what is the other CORN that you have the chart for - cant seem to find that anywhere - it has the same ticker?
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