ETF That Tracks Commodity CORN Puts In Bottoming Tail, Upside Likely

Teucrium Corn Fund (NYSEARCA:CORN) is the ETF that tracks the commodity CORN. This jumped on my radar on Friday because of the oversold chart put in a reversal signal known as a bottoming tail. Bottoming tails are candles on the chart that are important when they occur at multi month lows. This is the case on CORN. When this occurs, the odds heavily favor a move to the upside. Note the chart below. Upside is likely to $21.50 in the next month or two.

By Pro-Trader

Gareth Soloway