World Blog by humble servant .A Traders view.The Corn Trade

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Our pivot point is at 381.25. Our preference: the downside prevails as long as 381.25 is
resistance. Alternative scenario: above 381.25, look for 382.75 and 383.50. Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is
negative. Corn (CME) (H0) is trading under both its 20 and 50 period MA (respectively at
382.43 and 379.86). Finally, the Corn (CME) (H0) is trading below its lower Bollinger band
(standing at 379.15).Resistances 381.25  382.75Supports 374.75 374.00 
SALAAM TO ALL. MY MISSION IS CLEAR

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