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Technically critique my Dec corn chart
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Spikes
Posted 2/13/2019 17:06 (#7318652 - in reply to #7318324)
Subject: RE: Technically critique my Dec corn chart


Hi mojave,

Not an expert by any means...

If I were looking to sell CZ as a farmer...I would be looking to sell in June or July...but I don't know what your pain level is on the downside...since you're already long the market...as a trader I would sell any time a sell order was triggered. If I had 4 to 5 months to sell I would look to a weekly chart to plot the targets...

Using a front month weekly chart you can see a low 3.71...a close below this level will induce pain and may not stop until the 3.55'2 area is hit...chart needs to close above the 3.86'4 high for a move to the 4.12'2 or as in CZ 429.4.

There are two good higher highs and lows...just be looking for a fail at the 3.86'4...

Try not to get hung up on the daily if you have 5 months of trading to do...

Best of good trades, Spike

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