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Mascoutah, Illinois | I haven't gotten a chance to look at today's price action in any markets. I will do my best to get something posted before the weekend is over. Today's trade in the corn market was probably one of the three easiest trades this year. If we continue higher, some "shorts" are going to be doing quite a bit of ankle grabbing using one of Senior Citizen's zingers.
The key technical level in July corn is $3.76. If we close above that number on two or three consecutive days without making a lower low than the previous day, $4.02 could be a slam dunk.
We are range bound between $3.51 and $3.76. A resolution should be coming taking out either level.
Edited by djmcountryboy 5/21/2010 19:34
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Citoriskeet
