Corn has been over a long period within defined range. It appears a double top may have been made over recent months.
Price is now approaching an important support level.
If price breaks this level, we are looking to enter a short on a retest of the level as resistance.
Entry - 4.05
Stop - above the moving average cross
Target - bottom of channel 3.35
RR = 4
Price is now approaching an important support level.
If price breaks this level, we are looking to enter a short on a retest of the level as resistance.
Entry - 4.05
Stop - above the moving average cross
Target - bottom of channel 3.35
RR = 4
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