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p4917
Nov 8, 2021 12:57 PM

Corn Corn Corn Long

Corn FuturesCBOT

Description

Double-bottom -> break-out -> break of the descending trendline -> now a re-test of the trendline and MA's -> I think we will be soon ready for a bullish move!

Trade active

Plays out like it should. Awaiting the high in CORN in April/May. Let's see.

Comment

Bullish consolidation in CORN price movement. I expect the price to consolidate a few days more (within the blue triangle) and then continue the trend by breaking the triangle.

Comment

Bullish trend running in ZC futures. I'm awaiting the next resistance at the old highs around 680-700 USX (and finally by 735 USX).
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