SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Grain Futures Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MJR who wrote (242)11/24/1998 4:42:00 PM
From: MJR  Read Replies (1) of 645
 
Comments on March CBOT Corn (CH9):

Not much driving the market in either direction today as we traded in a flat and narrow range with the following numbers:

H: 228 3/4
L: 227 1/2
Sett: 227 3/4

Although light, weakness did again seem to prevail. Looking at the charts, a break through 226 1/4 would be bearish leading to a drop to the next support level of 218 or so. An analyst from Linnco Futures wrote that the market is ready to break down and retest lower prices once again.

I'm still in my small CH9 short position - in at 229 1/2 - for a small profit. My trading philosophy is to risk little dollars in a sideways moving market as they have a tendency to break one way or another in a moments notice - kind of like a tightly wound rubber band... eventually it will break, but who knows where it will fly???

Have a great evening,
Mike

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News