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Kumowizard
Dec 4, 2015 10:33 AM

Corn update - Chance for bullish reversal improves Long

Corn FuturesCBOT

Description

Weekly:
- Remarkable doji Heikin-Ashi candle now from key supp/res. The candle did not have a lower low.

Daily:
- Ichimoku setup back to neutral. Kijun Sen may be tested soon at 380!
- Heikin Ashi is firm bullish. haDelta goes higher, it shows momentum gain.
- EWO closing up to zero

Bullish acceleration is expected above 380, but the real game changer would be 400!

Can not post 4H here but I already did it on Twitter this morning.4H Ichimoku setup turned to bullish! Pull backs to 374-375 can be bought!

I increased my longs a bit yesterday.
Comments
gLloWaves
Great. I bought Soybeans a week ago, but I didn't think corn was ready. Thanks.
gLloWaves
Could you do a natural gas chart? I have been waiting for that to reverse, but I think it still has a little farther to fall.

Kumowizard
Of course I can do it. Please remind me on Monday!
Kumowizard
Sry for delay, I just posted Natural Gas chart with Ichimoku. Have a look:


Bearish. No sign of bottom. 1,90 shd be a resistance in front of bears, but not sure if it will hold or not.
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