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 itTrade closed: target reached
Fantastic rally for corn, time for this trade idea to come to an end. thanks for reading.Cheers,
Les
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.