"You're so CORNY" Manieri bearish on Corn Futures swings

The recent Iowa caucuses brought up the issue of ethanol subsidies and opened up it's viability for discussion. One thing's for sure, Ethanol subsidies are not good for the price of corn             and simply lower the supply and increase price. More and more vehicle owners are becoming hip to this biofuel's corrosive nature. For the foreseeable future however, ethanol looks like it's here to stay until someone switches up the beat of the drum.

In the meantime, we can take advantage of a more temporary drive down in price. Price has respected that 384 point and we see a DEEP Gartley pattern starting to form there. The risk/reward on this opportunity is quite favorable. We also see an ABCD pattern starting to form at the same area as well. With the stars aligning, we can only be bearish once price approaches this level.
A leg's busted. Thanks for playing folks.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out