CORN: Go long at market open

We should enter longs in CORN             at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with.
There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move.

Good luck,

Ivan Labrie.
Comment: The move started, add to the trade and trim the stop loss down to today's low.
Comment: Looks good.
Comment: I hope you added at the open today.
Comment: 3rd time to add tomorrow at the open. Move all stops to Sept. 12th low at 18.74, and add a 1% risk entry at market. We can expect a strong surge in the coming days.
Comment: Move CORN stops to 19.07
Trade closed manually: Stopped in profit at 19.07
Comment: Should rally further now.
Comment: Time to reenter.
Can you go into the rationale for the trade? Catch up to crude oil?
+1 Reply
Yes, exactly. Also commercial traders have been accumulating net long positions for a long time.
I think most commodities will rally with oil here, and it's been a reliable indicator, since they both move in tandem as per your analysis.
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