AdamHeng

Potential ascending triangle - Long Corn

Long
AdamHeng Updated   
CBOT:QBC1!   None
0
The price action of Corn is potentially creating an ascending triangle for uptrend continually. Strong resistance($3.50~$3.60) built up. If Corn price goes above the price range or breakout the upper trendline of ascending triangle, the uptrend could be accelerate to next strong resistance line @ $4.40.
Comment:
Corn price is within the strong resistance zone, to long more if breaching this zone.
Comment:
Yet to breach, keep observing price action.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.