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TFC Commodity Trading Forum

Dec Corn/New Contract Highs/10YR HIGH *PIC*

Dec CORN just hit another contract high. Corn has also reached a 10 year high in price. While price is nicely over its breakout point price still needs to run further to clear away any shorts and weak longs near the breakout pt. A further run up and then pullback to the breakout point would be the technically safe place to buy. If and when this occurs a stop would still be placed below the breakout pt support at your financial comfort level in case of failure. Note the previous 'weak' breakout and failure. So far looking good on this breakout that is steady and smooth with its rally and the longer it remains consistently above the breakout point the more valid and dependable this breakout is.

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Dec Corn/New Contract Highs/10YR HIGH *PIC*
Re: Dec Corn/New Contract Highs/10YR HIGH/Trades