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TFC Commodity Trading Forum

Re: CORN, Time to go Long?Ronbo

Well you know it never gets late on the West Coast. And Yes DX is right on schedule rallying. But the 81.50 is serious resistance and is spinning its wheels there. It would be perfectly normal to retrace 1/3 to 1/2 of that rally which would allow inverse markets to rally as well. I wouldn't bet my life on a major pullback though as January is the strongest month of the year for DX historically. But it is looking a little tired here and due for a pullback. That is what it is usually all about with most markets. Hope you are doing well in your endeavours.