Kumowizard
Long

Higher low, slight bullish bias

CBOT:ZC2!   CORN FUTURES - ECBT
39 0 1
There will be front contract change soon, so this time I place ZC2!, which refers to March/2016 contract.

Weekly:
- After testing Kumo, in last 6 weeks price dropped below cloud, but again it looks like printing only a higher low. Channel support held for last 2 weeks. Ichimoku setup can not gain bearish momentum until price trades above 353.
- Heikin Ashi started to signal possible slow down in bearish momentum . Consolidation in progress, which may turn into a pull back this week or next.
- Weekly key reversal levels: 390-400 area and 425 above Kumo.

Daily:
- Ichimoku started to turn back to neutral. Price made its higher low on 17/Nov, since then it is ticking up. First key level is 380+
- Heikin Ashi made a long wicked doji yesterday. It looks like there was a larger buyer in corn             market, and price failed to reverse bearish again. Today candle is bullish , confirmed by haDelta above zero and oscillator in green.

Strategy: hold 0,5 unit long.
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