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Trade Idea for Corn (July)

Trade Idea for Corn (July)

CORN FUTURES - ECBT CBOT:ZCN2016

A Conservative entry around the 50% retracement of today's price action would be ideal. A risky trade would be an entry at or near the close. I say its risky because of the sheer aggressiveness of the bar's price action. These tend to lead to a pop in price in the opposite direction for those taking profits sometimes in the vicinity of 100%.

Anyway - I will not be in this trade unless I can close my other positions and get in the action tomorrow at the conservative level.

Good Luck and remember, always another trade...don't ever force a trade