March Corn Futures
The corn futures have painfully languished near the lower end of the range stemming from the 12 cents slip in the early part of last November. The historical volatility of the corn market rests near a three decade low. I have employed time cycle analysis to its long term price charts and it has suggested a change of course scheduled for the early months of this year. Opposite to the popular VIX reading which commonly rises during times of market distress and selloff periods the agricultural volatility reading will pick up when the underlying advances. In fact seven of the last nine bullish moves in vol were accompanied with an average 75 cent rally in the futures. I also rely on structural wave analysis, momentum divergence and geometric converge zones to gain insight into what might lie ahead. Over the last months I have published articles discussing what I am perceiving to be a major buying opportunity. First overhead projection target comes in at +/- 370 which could achievable by mid February. Longer term objective calls for a sustained move to +/- 402. Please feel free to contact me at Walsh Trading to discuss both futures and suggested options strategy to take advantage of this scenario.
# 312-957-8108