September Corn
8/19/09 – 10:27 am MST – September Corn tested the lower action line on 8/18 with a low of $3.04 1/4 before closing at $314 1/2, followed by and “inside day”. Wednesday’s began with a trade below the “inside day” low, followed by a trade above the high. I like this price action because it is leaving separation from the action line suggesting the market is poised to rally. It is time to be long with a stop under Monday’s low. I have posted a chart at www.reversaltracker.com/blog