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| Interesting spot for corn..
Potential head & shoulders (negative)
$4.60 has been an absolute wall
If we can take that out, there is room to run
Should know pretty soon whether we are going higher or not, as we closed today at $4.58..
Personally I think the recent strength should lead to a further rally especially given the brutal heat in the forecasts.
But you gotta ask yourself what would hurt your operation more.. you sell and we see $5 corn. You don’t sell and we drop sub $4.. plenty of ways to play the market depending on if you’re undersold/oversold etc.
(Dec corn also forming potential H&S)
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Screen Shot 2024-06-13 at 11.19.07 PM 2 (full).jpg (80KB - 151 downloads)
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Interesting spot for corn..
