As I mentioned last week, the fast move in corn happened, and the chart shows that it was a perfect example of a Bollinger breakout. The range 580-620 (approx) was violated to the upside and followed through with a few days of quick upside move. To catch this I would have placed a stop at the top bolllinger band at about 628 with a fairly tight stop. Trade setups don’t come much better than this – check out the flat top Bollinger band – once price broke through this resistance, it was away.
