Elliot wave to ABC correction/possible trend reversal. I like a long position at the "B" leg support level.
Comments on the chart
On a downtrend, the corn is performing an upswing. My short side starts with the loss of the last minimum price.
My stop is quite interesting, above yesterday´s high and my target is the last dip...or the middle of the andrew´s pitchfork .
Corn is ripe for the picking and ready to POP. With glut of corn in silo's we like the downside...BUT, this can either way. Be nimble. We expect a nice 6-8 day run.