SIGNAL TERMINATION – CORN LONG – TAKE PROFIT
Corn rebounded from maximum prices, ie resistance around the rate of 365 USc / bushel. Because the analysis expected a breakthrough that did not occur, analysts terminate the long analysis prematurely with an appreciation of 5 %.
ORIGINAL TEXT: Corn is technically kept in a very beautiful uptrend. As part of trendfollowing, analysts follow the crowd and hedgers from Friday’s COT report. The constant threat of weather in China also contributes to the assumption of a reduction in future stocks.
Chart source: WebTrader