Corn:
Nothing much new on the chart that would make us change our views. The weekly chart (not displayed) is showing a very long topping tail that could indicate the bulls are running out of air but we would need to see a confirmation of that after the next weekly candle only.
Price almost reached our 2nd target at 450 during Friday's session and we have trailed same target up to 460 now. We might decide to keep trailing up same target while downsizing the position and thus locking in profits because taking profit won't make us any poorer. We will definitely keep trailing up the stop.
Nothing much new on the chart that would make us change our views. The weekly chart (not displayed) is showing a very long topping tail that could indicate the bulls are running out of air but we would need to see a confirmation of that after the next weekly candle only.
Price almost reached our 2nd target at 450 during Friday's session and we have trailed same target up to 460 now. We might decide to keep trailing up same target while downsizing the position and thus locking in profits because taking profit won't make us any poorer. We will definitely keep trailing up the stop.
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