Assumptions: (1) Fibs are key to the analysis of Corn (2) Log scale charts are not a meme (3) Yashoe is ghey Execution: Four over-imposed fib channels; great hopium lines for scalping but also some HTF prediction type beat. Conclusion: 17 keks by 7 September 2020. gg's.
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. ––––– Follow...
View On Corn (19 JUNE 2020) As the investors focus only on the FANGs, the movement on CORN is pretty dull lately. We believe it is a blessing in disguise. it is time to get in slow and steady. Central Banks can print money but they can't print food. It should go to $3.4 region soon and ultimately $3.72. Let's see DYODD, all the best and read the disclaimer...
The breakout level of the last breakout move has beed broken, so I go short, stop on the last peak, RR is quite nice.
Weekly is long, Daily is short, so there is no sync in the trends, but it can change now. If price closes below the levels here (on H4), there is a short opportunity. RSI uptrend broken already.
View On WHEAT (20 JUNE 2020) Expecting every call/trade analysis to be correct? If you do, you might very well belong to the group that believes unicorns are real. The previous bullish call didn't work out and it is diving lower for now. It may find some footing near $4.7 region with some decent bullish candle. Alternatively, you can take a look at CORN...
The market goes back down but a major resistance could limit the fall And don ‘t forget to take your profits…
Zone Sell : 328 Target : 326 And don't forget to take your profits...
Origin Agritech Limited, through its subsidiaries, operates an agricultural biotechnology and an e-commerce platform primarily in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It develops, produces, and distributes hybrid crop seeds, as well as hybrid seed technology. The company also operates an...
View On Corn (10 JUNE 2020) After all these years of trading/investing, we realize that good traders/investors possess a good grasp of these two things. They are, Knowing what is going on in the market right now and knowing what is coming up next. The price of corn has been bouncing around the range since 2008 and now it is at the lower band of that range. In...
View On Corn (10 JUNE 2020) Corn has met some road bump in its rally and it is in search for the next price discovery and push up. I expect the push-up/support will come in near $3.18 region. So, if you are looking into a buy. Please be patient first. Let's see DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment"....
I'm actually talking about the real commodity here. Interestingly it has a nice base and daily trend signal here, which has decent upside vs risk. I'm long since last Friday, near the open using July corn futures. Looking for a move towards the target on chart in time. This could be a major bottom, so, probably interesting to see if we can keep a part of the trade...