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Mascoutah, Illinois | Corn traded perfectly from a technical view today. We have the bottom of the gap at $3.85. We touched $3.47 as our low on February 5. The difference of those two numbers is 38 cents.
What did the market do today? Corn traded down to $3.66 which is the exact midpoint of $3.47 and $3.85 and then rose sharply.
Do I smell something and see some dust stirring? It may be time to go "bear hunting" as we may have them on the run after today's action in corn. | |
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BE LONG OF CORN
