06 June 2012

Corn : Try Again - Short

  • My previous attempts to short this were whipped in the 600-650 range.
  • Weekly and monthly charts trading clearly below downside support and looks an even more attractive short than before, more certain bearish pattern now.
  • Initiated short July Corn at 572.75. Plan to add if we get near 600. I am looking for this to trade below 500.

1 comment:

Taichiseal said...

Cut loss at 583. Bad feeling.