Kumowizard

If 347-350 holds... decision time soon: key 372+

CBOT:ZC1!   CORN FUTURES - ECBT
51 0 2
Weekly:
- Range extremely tight now! Major bearish tremdline on top side ard 372, horizontal resistance and possible bullish channel on the lower side ard 345-350
- If price breaks above 372, we could see a big short squeeze
- Heikin-Ashi shows undecision, but with positive divergnece in weekly haDelta

Daily:
- Spike again from key resistance of 347-350, but Ichimoku setup is still bearish .
- Trendline , Kijun, Kumo and 100 WMA has to be broken for further gains. However if Price breaks 368-372, that will be a very strong indication for more Bullish action, in line with the weekly chart! It would be similar to the one we saw last July!
- Heikin Ashi early signal for reversal

Strategy: Hold small long, and do not be shy to leverage up bullish position if you see 372 breaking!
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