Re: May Corn/Lee/Trades

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In Response To: Re: May Corn/Lee/Trades ()

Hi Trades,
I think you are right.

Your chart only shows the "day" hours.

Corn is at 744.5 so far tonight.

Strictly speaking, it has broken above the 742 but has yet to close above it ... so ....

My gut says Corn is getting pretty pricey at these levels, but as Wayne mentioned, the Obama wants more Ethanol !!

If I go long, it will be with extreme care and not just before the morning re-open of trading.

On the Intraday chart 744 is starting to look like a "magic" number. Will be interesting to see if it breaks that or bounces back down.

Thanks, Lee

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Re: May Corn/Lee/Trades

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