CH12 – March Corn (Last:770.250)

March Corn (CH12) price chart with targetsWe’re looking for a low-risk spot to get long, but the effort will have to take into account the possibility that the futures could take off without accommodating our niggardly bids. At yesterday’s close, they looked like they were developing thrust for a push to 793.50, a Hidden Pivot ‘D’ associated with a 771.625 midpoint resistance where the rally has very precisely stalled.  I’ve sketched a hypothetical entry opportunity for camouflageurs, but you may have to improvise if things don’t play out so perfectly.