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Corn Futures—Corn futures in the March contract which is considered the old crop and was harvested last October is currently trading at 5.18 a bushel after settling last Friday in Chicago at 5.31 as prices are at one-week low. At the current time I am not involved, but I’ve had a bullish bias towards the grain market for quite some…
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TRADING THEORY—Never answer a margin call because you are probably over trading and most likely the position is going against you and probably have lost much more than 2% on that trade. Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that…
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Head and Shoulders Top or Bottom–-This technical indicator consists of a left shoulder, a head, and a right shoulder and a line drawn as the neckline and occur in many different daily charts over the course of time. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. This type of indicator…