07 June 2012

Corn : Ongoing Saga

  • Recap : Tues - Initiated short ZCN2 @ 573; Wed - cut loss @ 583.5
  • Risk rally now taken this back to the resistance line on the weekly chart at 596.
  • Thurs - today just sold again at 595.5.

3 comments:

Taichiseal said...

Stopped out at 605. Damn frustrating. Had sold cable at 1.5555 but decided to square the cable and switch into corn instead.

Cable now at 1.5430 while corn is at 604.

Taichiseal said...

Choice was between shorting Copper, S&P, Corn .. or buying TY.

Chose the worst option of all. Making some very bad decisions of late.

Financial Journalist said...

My suggestion is to long Australian dollar.