Thursday, October 4, 2007
Corn: New Setup is Bullish
I've just posted details of a new trading setup for corn that I've developed based on the Commitments of Traders reports. See my "Latest Signals" page in the Navigation bar. The setup is based on fading - trading opposite to - the small traders in corn futures and options when they hit specific historic extremes in their net position as a percentage of the total open interest. The setup flipped to bullish in the COTs report dated June 26 and subsequently saw 12 straight bullish signals, matching the only other previous such bullish run back in 1998.