Sep 2, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Grain Hedge

RSS By: Brock Schimbeno, AgWeb.com

Grain Hedge is a self-directed discount brokerage that saves farmers money when trading in the futures and options market. For $7 commissions per side producers can execute their marketing strategy with authority, any time the markets trade.

650 - Tough Technical Barrier for DEC Corn

Oct 24, 2011

We reported on Friday's GrainTV that the 650 level for DEC corn was providing serious resistance and today we saw it once again. We carried the positive momentum from the overnight session into today's trade, but once again sold off hard into the close ending the day up just 1/2 cent at 649 3/4. Technically, this is very bearish but if a breakout does occur expect resistance around the 677 area which is a 50% retracement of September's sell-off. Below is the daily DEC corn chart, take a look at the "grave stone" formations from the last two days of trade. To get live-quotes and charting in your home today, take a Grain Hedge demo or give us a call: 877-472-4607

C1Z 1024

GrainHedgelogo                                                                   Grainhedgebutton

THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

 

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions