Corn prepares for a bullish move🤘

Dec 31, 2022

As described here - I'm planning to catch the breakout. Let's see if this plays out as I think. In any case - I wish you a good 2023 with lots of good trades. ;)

Jan 3, 2023

Trade active

Limit buy order was been filled today. Looks like the MAs are giving sufficient support.

Jan 4, 2023

Trade closed: stop reached

Big red candle reached the SL and killed the trade. Okay, was a very speculative position. I'm expecting the price never the less to rise, but I'm waiting now for a break of the upper falling trend line before doing a re-entry in this instrument.

Jan 11, 2023

Trade active

Re-Enty long. Because on the current contract the falling trend line seems to be confirmed now. On the Sep contract it could be a local double bottom. But I assume that the current contract overrules the future contract.

Jan 12, 2023

Trade active

Tightly drifting above my SL level, but then came the bullish impulse. Looks good so far.

Jan 23, 2023

Trade closed: stop reached

2nd trade SL reached. Seems like the correction needs a bit longer. Next entry not before the next trendline breaks.

Jan 25, 2023

Note

Overall I'm still bullish in CORN. The current contract forms this beautiful bullish flag. If this persists until the WE I'm considering to open again another position in the SEP contract, because I think the current contract will lead the market and the later contracts will follow.