As I’ve spend some time away from my desk over the last few weeks, there are quite a few trade ideas in need of updating. As most of these trade updates are not time sensitive, email notifications will not be sent out on the remainder of the updates.
CORN (Corn ETF) hit the second price target last week. Although the odds of a pullback and/or consolidation around this level are elevated, T3 remains the final target at this time. As prices are still trading in close proximity to the Consider booking partial or full profits and/or raising stops, depending on your trading plan. If holding out for T3, an objective stop would be below the 25 area (assuming an entry on the wedge breakout). Updated daily chart shown.