Line of Least Resistance determined by Underlying Conditions in my Global Macro Campaign. Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly. I will know if my suspicions are correct at the median line. US-China tensions will make the supply scarce, and NATO...
Recently we've watched FLWS and aggriculture names move in a correlated way during the waves of inflation experienced this year. Could this trend be growing tired?
Nothing to say everything is clear corn market may have a different technical behavior, lets see
Near complete triangle in Dec Corn with measured blue line resistance at $574 and wave E. Waves B & D are key triggers with confirmation for the pattern. Black line $497'2 forms symmetry and is a level to watch on a pattern break.
BTC is moving slower than expected, meaning to me that we are accumulating at the moment. Hidden bullish divergence underway. This is not financial advice.
It seems like a bearish flag pattern, which is building up in the Corn futures. So this could result in another short-term bearish impulse. According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months). My personal...
BTC seems to be doing one bull flag into another. Should we go below the green triangle, I would watch out. And below $44k is also bearish to me as well. This is not financial advice.
DBC commodity index, Commodity prices have stalled but should continue higher as mother nature continues to go haywire interfering with the growth of crops. with a lower yield and ever increasing demand producer prices must raise to accommodate for the hardships therefor that price increase should become reflected on the index price as well.
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
One to Watch as it breaks out and look out above. Trading the Break.
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
It's a risky trade to buy or sell corn at this stage. Corn is at no man's land so it could either go high or low. We have seen corn go past $500 commonly after 2007 which was a rare event before. I can't predict the future but I can see why corn will make new support in this region. $550 - risky $500 - good opportunity to buy $450 - great opportunity to buy $350...
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...
I've opened my third eye once again and this analysis is based merely on my random meme mind, and spiritual guidance, don't take it as financial advice (perhaps, it might work out)
I think this could be a long trap followed by a bear trap. I'm not saying it will happen and it doesn't have to happen, but if it does, I will watching to long the next capitulation or scam wick.
Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Corn Futures ( ZC1!). Trend...
Possibly put the highs in for Dec Corn here...as shown in chart, we faded the gains from the bullish July USDA crop report (which showed lower acreage) on better weather forecasts after wknd of the 4th...weather maps less threatening in corn belt as of late and is bearish feature for the next few weeks should forecasts confirm. Condition ratings expected to...