ZCZ2016 Commodities Futures Chart

CORN FUTURES - ECBT

 

News

ComTrader33 ComTrader33 PRO ZCZ2016, W, Short , 3 months ago
ZCZ2016: SHORT CORN WEEKLY
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ZCZ2016, W Short
SHORT CORN WEEKLY

I believe dec corn weekly is moving into a downward trend at least for the nearby due to a combination of technical and fundamental indicators. MA's are nearing convergence and the Stoch RSI has already done so. MACD has begun its downward trend as well and RSI looks to be heading lower. This week the USDA released another one of those great reports that they ...

Remko Remko ZCZ2016, D, Long , 3 months ago
ZCZ2016: CBoT Corn
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ZCZ2016, D Long
CBoT Corn

Corn: Price did not break up through the 364/366 resistance line during last week as expected and traded only marginally higher during the week. We maintain our bias unchanged to be bullish with an important supportive level at 346 and a pivotal support at 336. We will have to go back to the drawing board if latter would be broken.

Remko Remko ZCZ2016, D, Long , 4 months ago
ZCZ2016: CBoT corn continued long play
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ZCZ2016, D Long
CBoT corn continued long play

Corn: Price mostly moved sideways during the past week but held well. The weekly candle (not attached/displayed) shows an almost perfect 'doji' which principally expresses doubt but we have no reason to believe that price will not continue its rally up and we keep our bull bias unchanged. Our pivotal supportive level remains unchanged at 336 for now. The upper ...

Remko Remko ZCZ2016, D, Long , 4 months ago
ZCZ2016: CBoT corn long play carries on
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ZCZ2016, D Long
CBoT corn long play carries on

Corn: Price is following our preferred path quite precisely an has confirmed our bull scenario during the past week. The pivotal support has been trailed up to 336 and as long as this low remains unbroken our bull scenario is valid. Nothing else to add to that other than that our mid term outlook for this price is to reach 30% to 50% higher values during the ...

Remko Remko ZCZ2016, D, Long , 4 months ago
ZCZ2016: CBoT corn keeps its bull scenario
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ZCZ2016, D Long
CBoT corn keeps its bull scenario

Corn: Price follows our preferred path reasonably well and we keep our bias unchanged to the upside. Price could extend the pullback that it started last Thursday a bit further early next week but is expect to resume its uptrend latest by Wednesday and possibly earlier. There is an ascending resistance trend line on the upside that starts at 356.5 and ends at 360 ...

Remko Remko ZCZ2016, D, Long , 4 months ago
ZCZ2016: CBoT corn long
16 1 1
ZCZ2016, D Long
CBoT corn long

Corn: Price made indeed one more move down to the 325/330 zone from where it recovered last Friday with a 2% impulsive move to the upside. Nothing has changed in our outlook for this price. We keep our bias unchanged that a bottom is in the market and that price will trade up from here with 375 as first target. A break of the previous low on August 31 would negate ...

Remko Remko ZCZ2016, D, Long , 5 months ago
ZCZ2016: CBoT corn long
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ZCZ2016, D Long
CBoT corn long

Corn: Price has been moving more sideways than anything else really during the past week which was not a very significant. Price will ideally make one more initial move to the downside during Monday/Tuesday next and might even trade into the 325/320 zone after which we expect price to resume its ascend again. We keep our bias unchanged that a bottom is in the ...

Remko Remko ZCZ2016, D, Long , 5 months ago
ZCZ2016: CBoT corn has found its long term tradable bottom
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ZCZ2016, D Long
CBoT corn has found its long term tradable bottom

Corn: Price is keeping our preferred path as laid out last week reasonably well thus far. What we now need to see is that price keeps developing accordingly and will not break its previous low of 314/315. It could be that price will test the 330/335 supportive zone one more time and pull down through this zone to 325 or so but that should, if it happens at all, a ...

Remko Remko ZCZ2016, D, 5 months ago
ZCZ2016: CBoT Corn almost ready for the long term run up
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ZCZ2016, D
CBoT Corn almost ready for the long term run up

Corn: Price has pushed a bit lower during the first half of the week and did make a reversal during the second half of the week. It could be that price has actually hit the low an that this low will turn out to be the low for a long time. However, after having called for a low too early 2 or 3 times during the past weeks we have become a bit more cautious and want ...

Remko Remko ZCZ2016, D, 5 months ago
ZCZ2016: CBoT corn wrong again and back to neutral for now
32 0 2
ZCZ2016, D
CBoT corn wrong again and back to neutral for now

Corn: Price took a 5% beating during the past week and has therefore principally negated our bull scenario that we had put on the chart last week. Still, we see that the bottoming out is imminent although the confirmation of same has not yet been delivered and price is close to its contract low of Aug 12 at 322.50 which is likely going to be taken out during the ...

Remko Remko ZCZ2016, D, Long , 6 months ago
ZCZ2016: CBoT corn long play
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ZCZ2016, D Long
CBoT corn long play

Corn: Price action did confirm that the bottom is in the market and price moved up some 3% during the week. We call it a bull bias from here but would like to see an impulsive move up during the coming week to secure the move up more solidly. A draw back could still occur but is not in our favourite scenario.

Remko Remko ZCZ2016, D, Long , 6 months ago
ZCZ2016: CBoT corn is a long play
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ZCZ2016, D Long
CBoT corn is a long play

Update for CORN Z16: During last weekend we were not certain yet on the bottom in the market for this price and we would have liked to see one more swing to the downside. In meantime, however, we identify the candle of last Friday as a 'hammer' that has been confirmed by yesterday's firmer candle. We are looking to the upside from here and call a tradable bottom ...

Remko Remko ZCZ2016, D, 6 months ago
ZCZ2016: CBoT corn still no green light for a long play
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ZCZ2016, D
CBoT corn still no green light for a long play

Corn: Price basically has been moving sideways during the past 9 sessions although it made a fierce spike to the downside during yesterday's sessions after which price recovered back to its level of apparent comfort of the past 2 weeks. We are anticipating a solid bottom for price and have done so for some weeks now but we currently still feel uncertain to call ...

Remko Remko ZCZ2016, D, 6 months ago
ZCZ2016: CBoT corn long play around the corner
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ZCZ2016, D
CBoT corn long play around the corner

Corn: Price is following our preferred path rather well and the decline is now very major. The reversal is imminent. It could be that the bottom has been on the chart last week at 329 but a bit of overshoot to the 320 level is possible as well. We stay tuned for a long play entry which will probably be offered to us during the coming week or week ahead and with a ...

Remko Remko ZCZ2016, D, 6 months ago
ZCZ2016: CBoT Corn long play entry needs more time
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ZCZ2016, D
CBoT Corn long play entry needs more time

Corn: We were wrong with our first buy-stop at 375 of 2 weeks ago and also our buy signal at 340 of one week ago turned out to be too premature. We have removed them from our chart in meantime. Nonetheless, our long term view on this price remains 30-35% to the upside into the next calendar year but it is just the timing for entry of the long play that has to be ...

Remko Remko ZCZ2016, D, Long , 7 months ago
ZCZ2016: CBoT corn long play
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ZCZ2016, D Long
CBoT corn long play

Corn: Price indeed traded further down which has caused a massive drawdown on longs that were take at the buy-stop level. Price drew a very long bottom tail on the chart for Friday's candle with a (less than perfect) 'hammer' as result. Longs that have been stopped out now have a renewed opportunity to try one more long play but need to put stops tight as we want ...

Remko Remko ZCZ2016, D, Long , 7 months ago
ZCZ2016: CBoT corn is a long play
50 0 0
ZCZ2016, D Long
CBoT corn is a long play

Corn: Price has traded up to our buy stop level after which it made a corrective move back down again. Price should not trade below the latest low of 346 as it will then likely trade further down to the 325 region which would be some 13% below the 375 buying stop zone which would be by far too much of a loss on the price. For now we consider this market to be a ...

Remko Remko ZCZ2016, D, Long , 7 months ago
ZCZ2016: CBoT corn long play in the making.
35 0 1
ZCZ2016, D Long
CBoT corn long play in the making.

Corn: Price had its additional push down and probably completed its move down after losing some 23% from its high on June 17 which is only 3 weeks ago. The price more or less reached the targeted buying region during the past week which was a bit earlier than what we were anticipating one week ago and the big question now is whether it is time to entertain a long ...

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