CBOT:KE1! CBOT:ZW1! CBOT:ZC1! CBOT:ZS1!
KE (Kansas City) Wheat - CBOT (World) Wheat
These tend to be extremely reliable signals, indicating long term trends / changes, as Wheat itself has a relatively long (~7 year) cycle. (Wheat growing regions spreading from (north) pole to (south) pole.)
No dia 14/09/2020, detectou-se pelo indicador OBV (relaciona o volume com a mudança de preço) uma divergência dos preços "praticados" pelo volume exercido, nota-se um "Gap" no OBV neste dia e em seguida o OBV acompanha a baixa do dia 15/09/2020, entretanto no dia 16/09/2020 houve mais uma incongruência.
Mas afinal, o que quer dizer esta...
We have seen an up trending line hidden but being actually acting like a super strong resistance line stopping the market to go further up. Shall we see it like a regulated price for the Corn ? Not sure. But this line is clearly sliding and in a very regular way giving us a probability to see it sliding further.
The black arrow are showing the sliding effect.
Main items we can see on the chart:
a) On the weekly chart, we can define 3 clear structures
b) The first structure is the support the price is currently in
c) The other 2 zones are the Targets we have either for the bullish or bearish movement
d) Our Long view will wait for the breakout of the descending trendline (yellow line) and we will expect for...
With the breakdown in ethanol needs, general and feed lot demand, corn has suffered immensely. Recent favorable weather has also pushed the shine off the this juicy grain. From a fundamental point of view demand and exports looking to offer more support into later part of year, TA was looking good until recent sell off. The rally on 29th June shows how quickly the...
After hitting an extreme support on the weekly chart the price has been moving up in a strong impulse.
Now after creating a falling wedge the market is trying to break above the resistance area for the next impulse up.
If the price will break and close above it we can look at the retest of the structure for a nice long order according with our rules.
Telegram Channel: t.me
Since Corn has rejected the 14-year support level at 300 for a 5th time now, it is time for a significant consolidation.
The price has also respected the uptrend channel and will continue to move in it at least to the support zone of 330 -334