In this video I go over my thesis on why I am short term long the corn futures market due to the energy market picking up some positive momentum due to strong manufacturing data coming from the two power houses U.S. and China and how I think this could positively impact the price of corn due to it's use in ethanol. Higher crude oil prices can generally have a positive effect on ethanol prices which can make it's raw material corn more valuable.
Also the technical set up on the 4 hour and 1 hour chart of the break of downtrend looks promising.
ZC1!
XC1!
CORN
CL1!
MCL1!
USO
Also the technical set up on the 4 hour and 1 hour chart of the break of downtrend looks promising.
ZC1!
XC1!
CORN
CL1!
MCL1!
USO