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

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In Response To: May Corn/Plunges Again/At Next Support *PIC* ()

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

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

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