Our preference: SHORT positions below 477 with 464 & 456 as next targets.
Alternative scenario: The upside penetration of 477 will call for a rebound towards 483 & 493.
Comment: the break below 477 is a negative signal that has opened a path to 464.
Wednesday, September 4, 2013
Corn (Dec 13) intraday: under pressure.
Pivot: 477.00
Our preference: SHORT positions below 477 with 464 & 456 as next targets.
Alternative scenario: The upside penetration of 477 will call for a rebound towards 483 & 493.
Comment: the break below 477 is a negative signal that has opened a path to 464.
Our preference: SHORT positions below 477 with 464 & 456 as next targets.
Alternative scenario: The upside penetration of 477 will call for a rebound towards 483 & 493.
Comment: the break below 477 is a negative signal that has opened a path to 464.
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