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kelt
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Wheat and Corn,

 

Kelt, just need an idea of the margin requirement for a 5000 Bushel corn contract ZCZ9

applied with suitable stop of course. would it be 20% of contract value?

see which way it goes, but am not set up for now.

 

Thanks

for nice charts

 

Wayne

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Went short both corn and wheat this morning. With corn I don't have a E/W count on it. Just looks like a bear flag, so tried to get short at the top of the flag with a stop just above.

 

Needs to break the orange support line to play out nicely with a initial target of 410. Charts a bit messy so just a one or two day trade. If it breaks the orange line I will probably move my stop down to just above it.

 

post-2575-1262834702.jpg

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