Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

CORN, Time to go Long? *PIC*

The price is above the 18 week moving average
The 4 week moving average has crossed over the 18 week moving average.
The 4week moving average is sharply turned up signifying a Spear Point trade(45 degrees or better)

Typically the price will move up in these conditions untill it hits resistance at the spear point of the upper bollinger band (turned down 45 degrees or better). That will be followed by a correction (unless it's really strong). The conclusion of the correction will be the initiation of the new bull trend...assuming the over all pattern holds are we are not going into a sideways consolidation.

anyone else care to post your charts and explain why you hold your current opinions?