p4917

Corn Corn Corn

Long
p4917 Updated   
CBOT:ZC1!   Corn Futures
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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