Strong Weekly Close

6 lug 2020

Corn is still bullish despite the recent drop off in price. Strong bull hammer on the daily above the green ichi cloud. Still the same overall outlook as far as my trades are concerned. Slow grind to 9300 possibly a smidge under 9500 before drop to 6400. There is a possibility we grind out this slow upwards trend until 10k before the drop as well, but make no mistake, the big one is coming. For now I'm longing the corn. Also the weekly closed as a long legged doji. Zooming in to the daily chart, all major wicks are to the downside, signaling bullish continuation.