September Corn finally closed above the top of the channel that corn prices have been in since the first of April 2007. However, prices closed at 405 and I wanted to buy on a pullback nearer to the top of the channel, which is 395. Today prices did pull back and ended up closing at 402.4. I'm looking to get an entry somewhere between 395 and 399. Maybe I'll have that chance tomorrow.
Trend Seeker is now showing corn in an uptrend with an extreme rating.
For more information on commodities trading and other prospective trades I am looking at, please to www.mylearn2trade.com.
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