Friday, May 27, 2011
Corn (ZC) Second opportunity? 5/27
After talking about corn earlier this week as a potential buy if we could see it pull back to the 717-715 level, it seems it decided to atleast for the moment bounce off the first retracement (@731). But with the shooting start formed yesterday, if we see a break of yesterdays lows I could see it heading right back towards my targeted entry aread over the next couple days. Otherwise if it doesn't, Tuesday might have been your best opportunity to get into this trade.