Time to Sell Corn?

• Posted by Greg Harmon
• on March 7th, 2014

Corn has been the hot commodity lately. I have talked about it a couple times over the last few months (links below) and been bullish recently like many others out there. In the February article I noted the first resistance between 500 and 510, where it is now. So with the massive move higher is it time to sell? Lets take a look.

The weekly chart above shows that Corn completed a bullish Shark harmonic pattern to start off the whole move. This carries a first target higher of 574 and a second target at 679. Both are still a lot higher. It is definitely time to tighten your stop but Corn may still have a long way to run.

Corn Starting to Grow 2/19/14

3 Reasons Why the Drop in Corn May Be Done 12/3/13

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