- Weekly chart of Corn has a huge gap between 528.3 and 554.5 (as of now). Last at 556.
- Be alert to the possibility of an island reversal. Am looking to sell into that if it forms.
- Vigilance called for. But being short softs is not the preferred side here so if I do this, it will be at max half of usual long position.
2 comments:
Hi TS,
Yeah man. Got to stay sharp in this one. The appearance and disappearance of 300mn bushels of corn in USDA smells like 'kelong' job.
Of course it can be a runaway gap too.
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