12 May 2012

Corn : Sell Signal

  • Too much on my book already so no trade made on this one. Unless my existing positions move quickly into the money to raise my overall equity to support taking on more risks.
  • Weekly and monthly charts point to a possible collapse in Corn. This looks a screamer actually. 
  • Warning : Short Corn has a non-insignificant correlation with the strong USD/Risk Off trade.

3 comments:

Taichiseal said...

New : Sold Jul Corn @ 583

P&L boost from other Risk Off positions permit taking this on board.

Taichiseal said...

-588

Taichiseal said...

Stopped out at 602.5