Corn futures suggest a fresh buy signal

Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Corn futures rallied today (8/11) along with soybeans, wheat and most of the grain complex. This move higher for December corn suggests a buy signal on the daily chart today. Today's buy signal seems to come after a week of consolidation. The trend remains up on the monthly chart. We are still working on a King's Cross counter-trend buy signal on the weekly chart which may suggest that corn has a ways to go. Both soybeans and wheat futures are showing King's Cross counter-trend buy signals today on the daily chart. Call me for trade set-ups at (312) 277-0112 Subscribe FREE to Larry Baer's Charts and Set-ups Newsletter: http://www.zaner.com/3.0/lbaer2.asp View my thoughs on other markets at Larry Baer's Options & Futures Trading Strategies blog: http://larrybaer.com To review what I consider a "buy signal" watch Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k SEE CHART Call me for details and trade set-ups at (312) 277-0112 or toll free at 888-281-4161 or email: Lbaer@Zaner.com View my thoughs on other markets at Larry Baer's Options & Futures Trading Strategies blog: http://larrybaer.com Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.