Where CORN is going?

[SuperVolatility]

it's in a down trend, report on Friday, Jan 10 gave a big bump but wonder if it's going to touch the top of the chanell around 464 area and roll back down.

what do you think?

 

[ofthomas]

you did read the USDA report and understand why there was some short covering right? anyhow, we shall see how it all plays out this coming week...

 

[SuperVolatility]

of course I read it, therefore I went short at $4.55

my stop is 4.67 if clears that resistance

 

[kid.fx.cross]

as for me and my family, we'll never go short corn, wheat, beans, or for that matter crude as long as we live.

 

[nemesis45]

Quote from kid.fx.cross:

as for me and my family, we'll never go short corn, wheat, beans, or for that matter crude as long as we live.

hehe,
nice

 

[wwatson1]

I went long Friday but I'm not giving it much room to destroy me if everyone uses it as an opportunity to get short or add to there short positions for that matter, its just a punt really

 

[Visaria]

Quote from SuperVolatility:

of course I read it, therefore I went short at $4.55

my stop is 4.67 if clears that resistance

Pardon my ignorance, may i ask which corn and month u r trading?

 

[SuperVolatility]

New crop. Dec 2014

 

[Visaria]

So ZCZ14?

Slightly puzzled as to why you quoted in decimals...is it available to trade in decimalized format somewhere?

edit : ignore that!

i'm short corn as well

 

[actionzip54]

I wouldn't short corn with your money.

IMO corn isn't a long yet but it's getting close.