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

Re: March Corn/Rolly *PIC*
In Response To: Re: March Corn/Trout ()

No I don't buy Corn futures. Been there done that and there are better safer more reliable markets to trade. But yes you would not want to see price break below the lower channel line of 716. And the March contract isn't going to be around much longer either. A bearish concern is see this Corn ETF:CORN which is a combination 3 Corn futures contracts. In other words its another way to trade a Spread Trade using 3 futures contracts blended into one. The front month March contract that most are trading now may have issues that are bullish for that contract only. But the combined futures contracts have not broken out over its downtrendline yet and remains in a downtrend and bearish. And the oscillators in all time frames are also bearish. What does suggest some fireworks is seeing all 3 moving averages converge. That tends to see a sharp price change when seen one way or the other. So overall the combined futures contracts are not technically bullish yet. Only the March contract has broken out and is testing its breakout point. That's what I see here fwiw.....................