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Theodore, Saskatchewan | I would have to agree with Fry that above 390 should work. If you happened to be short around 396 and a stop of 400 is ideal but really the sellers at 390 held.
Look at the small swings going down here. And the latest rally could not even take out the last swing high. A short term trade I would consider is getting short at 384 on a bounce here with stop at 389 and target of 369. Risk 5 cents to make 15. Would lower the stop on the way and may be able to capture more.
BTW I am not simply being bearish. Currently long wheat.
And there isn't a fork drawn on this chart so can skip that criticism
Edited by maydel 10/29/2015 21:47
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Anyone want to guess how low corn will go now that ....
