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dilp79
Nov 19, 2020 8:32 PM

small short, tight SL Short

Corn FuturesCBOT

Description

i didn't look at fundamentals, so i'm taking small short position was tight stop loss

Trade active

still in game

Trade closed: target reached

closed at 416 on second attempt.
Comments
UnknownUnicorn13126651
Fundamentally speaking, the direction appears basically bullish: depending on China imports and wheater market in South America.
dilp79
@francescoa, agree, but with Biden win China is not forced anymore to buy at such high prices. Key is production supply, i.e. SouthAmerica. Also contract volumes decreased, means buyers lost power.
I put very tight stop loss.
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