Corn has a very bullish chart. Corn is accumulating and building support that could lead to a catapult advance in the near future.
When the mode rises as it has continually from the low in October, then the stage is being set. The market has absorbed a few bearish inventory and harvesting reports and has rebounded each time.
Targeting $380-$400 on a dramatic push higher.
$354.75 last +6.50
Tim 11:38AM EST 10/21/2014
Comments
ChrisMoody
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Tim,
You've got to quit posting charts on corn. It makes me think back to the 1.5 years I only traded corn when the market was only open for 4 hours a day. 10:30 to 2:30....and the traders still took a full hour lunch break and the market went dead. In the 4 hour session the volatility was more than all the Index's/Bonds etc.
I really miss my 3 hour trading days!!! That was a nice run while it lasted.
timwest
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Great memories! I hope you did well. I'd like the stock market to be an auction at 9:30, 12:00 and 4:00. Just three trades a day.
Seeker.
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I am in completely agree with you, my target is also 382.
You've got to quit posting charts on corn. It makes me think back to the 1.5 years I only traded corn when the market was only open for 4 hours a day. 10:30 to 2:30....and the traders still took a full hour lunch break and the market went dead. In the 4 hour session the volatility was more than all the Index's/Bonds etc.
I really miss my 3 hour trading days!!! That was a nice run while it lasted.