Little fakeout to the downside before bullish continuation? Corn found support again at the accumulation low. Nothing has changed yet from any of my previous ideas. I'm awaiting the 4 hour close before I 1) add to my existing short or 2) take a long position. Decision is dependent upon whether or not the 4 hour closes above or below the accumulation low. I have a sneaky suspicion that we continue higher. 9330-9400s remains my ideal target for shorting. Large move down to 8100 area expected if we're rejected from these levels ( or if the accumulation low becomes resistance). Also important to note, corn has established an uptrend on the 4 hour.
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Corn broke significant resistance. Looking to get in with the big boys and long til 9670, possibly 10k. Not convinced this is bull season yet however
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.