Continued Bearish Trend on Corn

Trend Traders, we are seeing a trend strength increase in Corn /ZC. Trend strength is important to monitor during a trade, when we entered this trade we had a trend reading of 19. 19 is not a strong reading, but now we have a reading just above 30! Thats what we want to see. For now we will continue the sell Corn. But all indication suggests lower prices in Corn.

Current position is up $575 per contract or 117.5 per mini contract as I write. Our current risk is 3.5 points or $175 per contract or $35 per mini contract.

123

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s