LONG here, take profits around 51k. Buy the wave 2 (double bottom) and hodl them btc bags all the way to $100k+
Corn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.
BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
With all the drama of last year and many areas locked down, one of the big sufferers was agriculture. Much of last years yields went to waste and panic buying occured. Which I'd guess also went to waste for the most part. As you can see on my chart I'm expecting a sizeable pullback in price before the event, which is completely normal. let it collect the orders...
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 is not a cryptocurrency, to begin with. For some of you all you trade is cryptos. I could understand that up to a degree but it is SO wrong. Cryptos should be a part of your trading/investing, you should always diversify and keep your eyes open for opportunities in other categories like commodities, shares, indices, etc etc Well, here is the update on...
Hi guys, wishes fora nice week to all of you. We had our Greek orthodox Easter here so it was time to spend with family. Now back to the trading floor and off course our charts to see what's cooking and what opportunities we will have this week. Updated charts will follow for main assets. All the best, the FXPROFESSOR
The ag's have been hotter than bitcoin this spring, and I've been so stuck in my little learner's bubble I barely noticed. I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July. This zone I have highlighted seems like a really friendly place to enter the market, however, I don't...
We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn. Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target. So, allow me to call it ''BitCorn'' ps. Fun fact : ''Corn has proven itself to be one of the most effective...
tough call here but I think we're going to go retest ATH, then recheck our channel before the true moon shot. Could be wrong, could go as high as 75-78k before rechecking the channel in which case we might see a more violent correction but I'm still bullish here especially when examining the MACD momentum swing
Food Inflation will soon be a concern for people. We don't eat lumber but we do eat corn! While the FED only looks at core inflation (ex food and oil) if this new reversal trend continues they will care very much believe me! Excessive deficits, ZIRP (zero-interest policy) causing monetary inflation, coupled with some fear is causing money to flow into...
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 omelets or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿 Over resistance, tested it as support and not gonna stop until it hits 900 this year. the FXPROFESSOR...
This is a good spread to trade. If you’ve not traded Corn before, just read on, because this style of spread trading is interesting. It has both technical and fundamental aspects and is built on a history of good stats. Corn has an annual crop cycle. It’s planted in April/May, subject to weather issues in the following months, then harvested for first delivery on...
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...
Corn probes above $6 for the first time since 2013 Farmers will favor beans Keep an eye on gasoline and ethanol prices Corn continues to pop going into the planting and growing seasons- It’s all about the weather Backwardation as the market has high hopes for 2021 output In late April 2020, the corn price fell to its lowest level since 2008 when the...
An interesting spread here. I’ve traded this one on and off over the years. It’s a long-term hold and some years this spread just has a nice smooth trend. Think of this spread as a cost of carry, in a way. Or perhaps: wholesale versus retail is a better way to look at it. Feeder Cattle (young moo cows) + Corn (food) + time equals Live Cattle (grown up...
Projecting that triangle move we could be touching the 92,5 in the next days for another test of the 87 support from the last top. Keep it safe, have a good one.