Thursday, May 29, 2014

Buying Christmas corn trade setup


- Here's the candle setup that happened yesterday in Christmas corn on the daily chart


Yesterday's close on dec corn was a positive in both wave counts and candle structure. We have pushed down far enough to qualify as a w2 to 466.  We will wait and see how we play out as I believe we are close to finishing this correction. 
Best case scenario :I would like to see the low from yesterday hold but it's not necessary as .786 support comes in at 452 1/4. 

Holding long from 472,466 and 465. 

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