Corn:
Price made a very strong move to the upside last Friday and posted a new high for the contract. If a price posts a new high it is usually a sign that it wants to trade even higher (and the other way around) although there is no guarantee for that. More significant is that price closed at/near the HOD (high of day) which is a bode for a higher opening for the next session with a high probability of a follow through.
All together there is nothing much new for us to see on this chart. We are enjoying the ride that started during first half of May and we keep trailing out target and, more important, our stop loss level. Positions will need to be rolled over soon (preferably this week) and traders need to be alert for slippage.
Price made a very strong move to the upside last Friday and posted a new high for the contract. If a price posts a new high it is usually a sign that it wants to trade even higher (and the other way around) although there is no guarantee for that. More significant is that price closed at/near the HOD (high of day) which is a bode for a higher opening for the next session with a high probability of a follow through.
All together there is nothing much new for us to see on this chart. We are enjoying the ride that started during first half of May and we keep trailing out target and, more important, our stop loss level. Positions will need to be rolled over soon (preferably this week) and traders need to be alert for slippage.
Trade chiuso: stop raggiunto
We have been continuously trailing our stop up which, eventually, got hit today. Taking profits won't make you any poorer.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.