two cases of clear bullish divergence here on the 60 min chart. new contract low was made during the last session.
I expect some short covering into the beginning of the week, a bounce off the lows signaled by the bullish divergence is possible. I could also see some further pressure occur until the bounce materializes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
I expect some short covering into the beginning of the week, a bounce off the lows signaled by the bullish divergence is possible. I could also see some further pressure occur until the bounce materializes
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Trade active:
This trade idea has worked out beautifully, corn keeps grinding higher after we found the low. Keep an eye on it
Trade closed: target reached:
Fantastic rally for corn, time for this trade idea to come to an end. thanks for reading.
Cheers,
Les
Cheers,
Les