After the spike we saw two days massive selloff down to 371+. Please note that now we already trade July Corn contract.
- 377 - 372 zone was clearly a support to buy.
- Market is so volatile, price is moveing so quickly, that even with haDelta it is a bit hard to catch changes in time. The Heikin-Ashi candle still looks , but as you see haDelta quickly hit an extreme low during friday trading session. That's why I thought the was OK to buy a small long. Anyway I waited until today US open to enter.
- EWO is not changing that quickly. It is simply still .
As you see the weekly key reversal is still around 395-400. In case we close above, we can expect another +10 % move to ard 440.