Olu

Corn: Downtrend Reverting?

Short
Olu Updated   
CBOT:ZCZ2019   Corn Futures (Dec 2019)
Comments on the chart
Comment:
A good day for this trade idea. Data was released which showed that essentially supply will ge more than expected theis year andd the next. I see no reason to cuy corn at this time other than daytrading. Seeing the 25 point drop I closed my short position. I will be looking to re-enter but I want to allow for a retracement. If the retracement does not happen then I have lost money by closing to early
Comment:
Lost money by not staying in some more. Price has continued to move down after I closed my position. You cant grab every ounce of profit all the time. Suport at 363 is looming.
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