Corn futures give a fourth buy signal, poised for breakout?

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 (11/08) along with much of the grain complex. This move higher suggests a fresh buy signal on the daily chart for December corn futures. This is the fourth buy signal corn has given me since the trend changed to the upside on the daily chart in mid-October. Although corn has been trading sideways since mid-October, I do have a fresh buy signal and the Bollinger bands are showing a formation that often suggests a break out. The 50-day SMA's on both the weekly and monthly charts are pointing up. The USDA Crop Report comes out tomorrow morning before the opening which may stimulate a major market move. Call me for trade set-ups at (312) 277-0107 Subscribe FREE to Larry Baer's Charts and Set-ups Newsletter: http://www.zaner.com/3.0/lbaer2.asp To read my other market updates visit my blog: http://www.larrybaer.com/ 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 To read my other market updates visit Larry Baer's Options & Futures Trading Strategies: http://www.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.