Here I am neutrally bullish, we see a (possible) double bottom, which if it breaks the next level of resistance, could bring buyers and even greater interest.
On the other hand, we must take into account that this correction is normal for grain, taking into account that the situation in Ukraine has calmed down and grain exports have resumed, thus all that growth...
Corn has been on a downtrend for some time and this bear market is yet to complete. From analysis I predict further from current zone to the green lined zones currently below market.
Trade at your own risk, I am not a financial advisor, just someone who shares ideas and planned personal trades!
Corn future is looking almost perfectly ripe for the picking.
Cup and Handle forming nicely and just waiting for the breakout.
RSI broke out of its downtrend bearish divergence and has bounced on the new support - showing more upside to come.
Then will be an easy long (buy) to hold.
Stop loss will be just under the Handle and the take profit will be 2X...
View On Corn (6 June 2022)
We are seeing some possible bottoming signs, and we shall see a lot higher price pretty soon.
So, it is better to buy in slowly and accumulate them.
Tip and Toe.
Let's see
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The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those.
On a long-term perspective i am still bullish based on the fundamental context.
What do you...
Last year we bought because of inflation.
This year things are even more serious, there is a war between Russia and Ukraine.
Column: Concerns rise over Black Sea spring crops amid Russia-Ukraine war: www.reuters.com
Looks like Fajitas and Tacos🌮, Kellogs frosties 🐯 and other cereal , corn on the cob 🌽, even go ''pop'' in the cinema🍿 might become expensier. On...
Corn prices may soon receive a major technical boost by way of a Golden Cross formation, with the 50-day Simple Moving Average (SMA) on track to cross above the longer-term 200-day SMA. That may help prices to pierce above a descending trendline stemming from the 2021 swing high.
ZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.
hello traders
this is my view about the market of zc , since last August the corn market has gone up and as you can see and at the end of June the corn fell and we maintain a balance
At this stage I have the confirmation to buy in again. Not much to say, just look at the previous ideas for the fundamentals.
Trends and patterns in grain auctions, local meat production and corn production are all indicative of stronger grain demand by China in the coming years, reported S&P Global Platts.
reference
No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿. Also your cornflakes Tony🐯, yes!
Over resistance, tested it as support and not gonna stop until it approaches the...
ZC1! : 🕐 2W
Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III .
ZC1! : 🕐 1W
The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to...
Corn baby, CORN!!!
We have talked about Bitcorn, since Corn has been rising faster than Bitcoin.
We talked about pop-Corn and watching Corn rising like Superman
Well, it's time to stock up on your Kellogs people. This Price is going to 900 (check our previous idea below)
the CornProfessor
ps. this is my favorite breakfast: www.kelloggs.co.uk Thank you Tony,...
Corn looks very bullish to me.
Corn has large gaps between support/resistance levels. That means when the price moves it moves fast.
Corn price has broken two resistance levels and broken out of a symmetric triangle to continue the bullish momentum. The large time gap between the previous high and the breakout could mean that Corn could move to the next...
Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19...
