Corn experienced a sharp decline supported by the recent higher than expected stock report. However, price is overextended and is supported by the recent low support level.
Long opportunity: Long at market reopening as High Risk trade towards 505.25 as Take Profit - 1 level.
Long opportunity: Long at market reopening as High Risk trade towards 505.25 as Take Profit - 1 level.
Trade active
Initial Target reached. Second target as per chart.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.