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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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Trade of the week: short corn

We would like to enter a short position on corn with a stop loss above its recent highs at 420.00 and a downside target at 390.00.

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Written by: Axel Rudolph | Market Analyst, London
Publication date:

(AI video summary)

Previous sugar trading outcome

In this week's IG "Trade of the week", Axel Rudolph focuses on ongoing and potential trades. A short position in soybeans initiated on 9 September remains active, trading sideways with a very wide stop-loss at 1150.00, anticipating a continuation of the downtrend. A recent long position in sugar, initiated due to an ABC corrective wave, saw an impressive 18% rally, surpassing the initial target of 21.00, now trading at 22.72.

This week's trading opportunity

This weeks's trade recommendation is to short corn futures, noting resistance near 416.00-to-419.00 and setting a stop-loss just above 420.00, with a downside target around 390.00 on the front-running futures contract.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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