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This Commodity Has Sold Off More Than 50% From It’s High! 

Last Updated: July 25, 2019

By Rayner Teo

Hey Traders!

I would like to share with you this commodity which has tank more than 50% since 2012!

It’s none other than Corn.

corn w

On Weekly price made a high at $8.5 and traded to a low of $3.5 within a span of 2 years.

We can see price having a tendency of consolidating for a few weeks before breaking lower. And it seems to be behaving that way right now.

c d

On daily price has rejected $3.7 twice and is definitely a level to pay attention to.

You can look for shorts should price trade back up again.

Trade Safe!

  • Its a accumulation. Also you dont have to count the higher tails – only the bodys are important to see if it has build a higher high. And when you dont see the volume, you will get surprised with a Spring if you are unlucky. Its my opinion. And i have to say, i only trade forex. I have no idea about commodities 🙂 But i would be happy if you can do a tutorial for forex traders, how we can trade commodities and what is important for it. Cya 🙂

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