Saturday, 19 March 2016

Corn

My latest bullish signal for corn was on 13 February 2016.Since then price of corn went up by 2.16%.However this week I got a bearish signal for this commodity based on the total number of total new short contracts opened(53,120) vs total number of new long contracts opened(20,846) for this commodity in the last 2 weeks.This means that new long contracts opened were more than twice the number of new short contracts opened for corn in the last 2 weeks.This means bearish investors getting in control of trades for this commodity so I expect price of corn to drop in the next days/weeks.Check my trackrecord2016 file and strategy on my free websites: http://futuresandoptions.wix.com/cotswingcharts and 

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