ComTrader33
Short

SHORT CORN WEEKLY

CBOT:ZCZ2016   CORN FUTURES - ECBT
15 0 0
I believe dec             corn             weekly is moving into a downward trend at least for the nearby due to a combination of technical and fundamental indicators.

MA's are nearing convergence and the Stoch RSI has already done so. MACD has begun its downward trend as well and RSI looks to be heading lower.

This week the USDA released another one of those great reports that they put together, and it was hardly bullish .

Record production and yield numbers (which was pegged at at 175.3!) were published and now the country could be looking at an ending stocks number to the tune of 2.4 billion or more, which is burdensome to say the least.

Until demand comes into play with any real significance, I am going to say this is a short for at least the nearby.

Looking to test the 3.22 support
Trade closed manually: closed at 335'2
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out