Wednesday, June 10, 2009
Corn
The symmetrical triangle pattern for July Corn was triggered today- I'm Long from 447.75. We need a close above here to confirm this pattern. If not exit on the close. The target is 466.50 with a stop loss @ 435.75. The reward/risk ratio is 1.62. The main obstacle to this trade is the 450.00 area (previous swing high).
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