Corn:
Price's 'correction down' that started 2 weeks ago turned out to be an almost 20% collapse in just 2 weeks which we did not see coming. We believe that the poison cup is not quite empty yet and we expect one more push down during next week although it will be not in the proportion of what we price has showed us during the past 2 weeks. We are looking for a 440/450 target from here after which we expect price to reverse and start trading for substantial higher levels. For now we need disciplined patience.
Price's 'correction down' that started 2 weeks ago turned out to be an almost 20% collapse in just 2 weeks which we did not see coming. We believe that the poison cup is not quite empty yet and we expect one more push down during next week although it will be not in the proportion of what we price has showed us during the past 2 weeks. We are looking for a 440/450 target from here after which we expect price to reverse and start trading for substantial higher levels. For now we need disciplined patience.