Tuesday, April 24, 2012

Tuesday Corn

10:29 CN12 Implied open 617, VP giving me a +1 with a range of 606-620... Open at 618

7 comments:

  1. 10:35 alittle late logging in today, Corn is up in a big way, passing 617 on the July Contract... heading towards 622

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  2. 10:41 don't see volume associated with this move... However, It looks to be oversold and in correction from its low of 592, 625 is 50% retracement...

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  3. Looks like I missed my op for buying a put at 622, trading down at 616 and fell like I could see further downward action, just dont have the confidence to pull the trigger...

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  4. 12:00 CN12 Wanna get in but dont like 616 as and entry point, will not like 614 even more...

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  5. 12:06 and there she goes... 610 next stop

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  6. 12:27 CN12 a wicked bounce off of 611 and we are headed back up...617 in sight, 11 cent swing today and back at 0

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  7. 12:31 CN12 back at 615/616 yuck...

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