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Corn Looks Set to Rally

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Mar 20 corn futures look to start another day positive showing impressive bullish activity after Fridays somewhat bearish USDA report. From a technical perspective its a very bullish indicator when prices hammer down deep taking out several lows and bouncing up to close positive. Corn demonstrated a clear rejection of lower prices and has followed through with more daily gains. The Phase 1 trade agreement between US/China is set for tomorrow and could have big implications for corn. Its possible we may still see corn numbers reduced from such a late planting and all the weather issues this season. However, the biggest factor driving this market higher right now is demand. If the US/China trade deal moves forward there is huge potential for increased demand for corn; whether its for human consumption, livestock feed, or production in ethanol. Prices at the time of writing are at a resistance point in the current consolidation range, but the trade agreement is a likely catalyst for a break out and rally. **For a free consultation call my direct line at (312) 373-4875** you may also send me an email at

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About the author

Eric entered the workforce during the summer of 2007 as an apprentice tradesman just before the big crash and recession which followed. The impact of which strongly inspired his interest in the financial industry and began him as a student of the markets. Eric worked throughout the following years developing strong communication skills and risk management practices in the aviation and marketing industries before ultimately getting licensed and turning his passion into a career as a market strategist with RJO Futures.

Sector Focus

Eric specializes in trend following strategies in metals, stock indices, energies, grains, softs.

Analysis Preference

Supply and demand data ultimately determines the long term trend direction. However, Eric uses basic chart patterns and price action to determine the impact news and information has upon the markets, which provides insight to the short term volatility and provides clarity on timing for entry and exit of a position.

Strengths and Trading Philosophy

There are opportunities in the futures markets each minute of every trading day. Spreads and option strategies are utilized by Eric as they present themselves. These opportunities may tend to take place after a long buildup or extreme events. When they reveal themselves, he believes in using discipline during the three phases of a complete trading strategy: Information, Action, and Exit. Diligence in acquiring, organizing and reviewing solid and reliable information, coupled with knowing the risk that is involved. Eric's strength is confidence in taking decisive action to use opportunities revealed by the information.

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