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Kumowizard
Apr 20, 2017 7:22 AM

Neutral now at equilibrium. Watch for breakout! Long

Corn FuturesCBOT

Description

- The stup is neutral now. Price, Tenkan and Kijun are all in the flat thin cloud.
- Volatility is quite low
- Tightenning triangle. The breakout will bring a quick pickup in momentum
- Heikin-Ashi shows indecision
- Minor bullish view until price holds above Kijun + EWO is green.
- MACD is neutral.

I still have some bullish bias on Corn, espec that I expect USD to weaken more, which should help a bit agris to tick higher. The real key levels are 372 and 378.

Please not May/June contract switch is happening soon. May notice date is 28/April.

Comments
Delta10
I second the opinion that we will have a sideward movement with an incoming upward trend

here my analysis based on COT data
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