Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: May Corn/Plunges Again/At Next Support/Trades

Hi Trades,
Thanks for the chart update.

Bounced like a rubber ball off 608, only lasted a minute or two. Closed at 616.5 this afternoon.

I closed my short from last nights 632 at 617.25 so wasn't too bad on getting out. Went right up to 627, now 624 so we'll see what happens. Will likely wait for a re-test of 608 and break below before shorting again.

I have no clue how high a reasonable bounce here might be ??

I imagine next support at 544 may be a reasonable expectation. Below that I have no thoughts. Would be nice to see it re-visit the 450 area but I have no clue what Corn should be worth these days.

Guess it's time to find the Seasonal chart. I have the link somewhere !!!
Thanks, Lee

Messages In This Thread

Re: May Corn/Plunges Again/At Next Support/Trades