Long the CORN
Cập nhật
Keep it simple stupid.
I will buy on breakout to the upside with volume. Or, more conservatively, wait for a retest after breakout.
Entry around $16.5. Resistance levels marked on the chart at $20, $23, $27, etc.
Why would I make this trade?
> CORN consolidating...CORNSOLIDATING!
> RSI Increasing
> Equity prices are falling across the board. See the DOW and S&P500.
> Commodity prices are rising as investors move into safer assets. See WEAT, Silver, and Gold.
> Corn is king. And used for food, packaging, and fuel.
What will happen as the world enters recession, instability, climate change, maybe war? Which assets will capital move into?
Rule yourself.
*This is not investment advice*
I will buy on breakout to the upside with volume. Or, more conservatively, wait for a retest after breakout.
Entry around $16.5. Resistance levels marked on the chart at $20, $23, $27, etc.
Why would I make this trade?
> CORN consolidating...CORNSOLIDATING!
> RSI Increasing
> Equity prices are falling across the board. See the DOW and S&P500.
> Commodity prices are rising as investors move into safer assets. See WEAT, Silver, and Gold.
> Corn is king. And used for food, packaging, and fuel.
What will happen as the world enters recession, instability, climate change, maybe war? Which assets will capital move into?
Rule yourself.
*This is not investment advice*
Ghi chú
closeup of the current cornsolidation Ghi chú
corn continuing down
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