Corn has been in a range since aug. and I am willing to trade the range once more. The green arrows are good entry points, it is important that we reclaim the volume profile in order to capture upside momentum. The upside target is the green box, depending on how many contracts you may be trading its a good idea to scale out as we advance into the box. The red arrow indicates a high quality short opportunity.
The golden pocket noted on the chart is pulled from the June highs and the July lows. This is a major GP zone, there will be a reaction.
The red line running across the top of the chart is a resistance line that has been pulled from the highs in May and June.
The golden pocket noted on the chart is pulled from the June highs and the July lows. This is a major GP zone, there will be a reaction.
The red line running across the top of the chart is a resistance line that has been pulled from the highs in May and June.
Comment:
added to long around the close today, this is brewing up nicely.
Comment:
This trade just simply shit the bed.... cant win them all!