Auf geht's
p4917

Corn prepares for a bullish move🤘

Long
Corn Futures (Sep 2023) (CBOT:ZCU2023)  
p4917 Aktualisiert   
CBOT:ZCU2023   Corn Futures (Sep 2023)
Trend Lines Seasonality Moving Averages CORN cornfutures cornfuturesforecast cornseasonality seasonality-trading grainstrader grainseasonality harvestingseason bullishbreakout
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trendline seasonality movingaverage corn cornfutures cornfuturesforecast cornseasonality seasonality-trading grainstrader grainseasonality harvestingseason bullishbreakout
As described here - I'm planning to catch the breakout. Let's see if this plays out as I think. In any case - I wish you a good 2023 with lots of good trades. ;)
Trade ist aktiv:
Limit buy order was been filled today. Looks like the MAs are giving sufficient support.
Trade geschlossen: Stop wurde erreicht:
Big red candle reached the SL and killed the trade. Okay, was a very speculative position. I'm expecting the price never the less to rise, but I'm waiting now for a break of the upper falling trend line before doing a re-entry in this instrument.

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Trade ist aktiv:
Re-Enty long. Because on the current contract the falling trend line seems to be confirmed now. On the Sep contract it could be a local double bottom. But I assume that the current contract overrules the future contract.

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Trade ist aktiv:
Tightly drifting above my SL level, but then came the bullish impulse. Looks good so far.

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Trade geschlossen: Stop wurde erreicht:
2nd trade SL reached. Seems like the correction needs a bit longer. Next entry not before the next trendline breaks.
Kommentar:
Overall I'm still bullish in CORN. The current contract forms this beautiful bullish flag. If this persists until the WE I'm considering to open again another position in the SEP contract, because I think the current contract will lead the market and the later contracts will follow.

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Haftungsausschluss

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