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Paul_Wankmueller

Good Risk/Reward for May2023 Corn Longs

Corn Futures (May 2023) (CBOT:ZCK2023)  
Paul_Wankmueller Updated   
CBOT:ZCK2023   Corn Futures (May 2023)
Trend Analysis Chart Patterns CORN Commodities riskreward
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trendanalysis chartpattern corn commodities riskreward
Taking a look at K23 Corn futures, a great risk to reward setup has shown itself. Looking back to the beginning of 2023, Corn has retreated to support, and held overnight(~650). Using a tight stop (644), one can surmise that you can risk ~6 to gain ~30, as 680 is previous resistance. Happy Trading!
Trade closed: stop reached
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