Ushering the New Year with Corn futures

22 dic 2019

One of the main agricultural product that China will be ramping up to purchase from US is corn. The pent up demand will push up the prices higher.

6 gen 2020

Nota

3906 serves as a deterrent for the bulls to push the price higher. The power of this trend line helps us traders not to act before the market moves. Had you allow your own bias and cloud your judgement, you might have already bought into it and while you could be right later on, for now you are also tying up your capital and not earning a profit as well.

In short, increase your odds of success with the trend lines. The rules are pretty straightforward but like most humans, we tend to outsmart ourselves and try to bend the system and want things to accelerate at our pace. Such naivety and lack of experience will have to pay a price of holding on , suffer paper loss , etc.

13 gen 2020

Nota

10 Jan candle is bullish with buyers pushing up at end of day. The signing of phase 1 agreement between US and China will commence today and I hope this will give the grains commodities a boost.

21 gen 2020

Nota

From the price action, it is obvious that buyers are pushing up the prices whenever it goes down but the resistance at 3906 proves strong. I believe it is a matter of time it is breaks up .