looking for an avg entry between ~ $9.78-9.8 with a TP ~ $9.3 (.382 fib level). nice short term RR of 5.35. red line is daily close.
HTF MASTER PLAN Started building shorts in 8500-8800 (low leverage) Rising wage and bear div on RSI Some support at 8k range 90% sure we'll retest yearly/monthly open at 7160 Tp at 8k and 7200 final spot I'll be intrested in closing shorts Invalidation = daily close above 9.5k
update only to show a negative balance at the moment.
The CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in...
Hello Only one day left before 2020. This is just an update. Thank you.
The following has been entered. Good luck :)
“Hmmm, whats corn up to?” Glad you asked. Looks like harvest is upon us. All commodities are cyclical, and agricultural commodities are seasonally cyclical. The red cycle lines go back to when Noah came off the ark and so you could almost set this to your clock. Now I’m not about to speculate what market conditions cause the price to normally rise in corn; go ask...
Hi, today we are going to talk about Mosaic Company and its current landscape. The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed...
Daily Chart Explanation: - Price started its down move from the Major Resistance Zone. - Price made a retracement towards the Middle Resistance Zone. - Now, it should be strong enough to go down towards our targets to the Support Zone first and to the Major Support Zone then. Weekly Vision: Updates coming soon!
Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then,...
Hey traders, This is my analysis for Corn currently on the H1 charts. We can see that corn was trading in this descending triangle pattern. Price broke out then retested before holding strong. MACD Bearish momentum also seems to be decreasing Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram:...
Daily Chart Explanation: - On the Weekly Vision, price is in a huge lateralization, we see it has potential to move down towards the Support Zone. - Now, price is on the Resistance Zone. - We expect it to bounce from here. - We are looking for sell setups on lower timeframes. Weekly Vision: Updates coming soon!
Corn currently is stuck in the middle of this range. Nothing really to say here. Corn is currently in the upward phase of the trading range after failing to reach the bottom of the range. Best to wait for price to make a move at one of the orange S/R levels I have labeled. There are plenty of other setups for commodities trading this week! Please see my...
Daily Chart Explanation: - Price started its down move after bouncing on the Major Resistance Zone. - Now, price is on the Middle Resistance Zone. - If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone. - We are looking for sell setups on lower timeframes. Weekly Vision: ...
I will take long position from friday closing price.
I am just posting these for self reference and record. I posted this one a little later, but I got in on the breakout of d1 trendline, now acting as support. managed to get staggered entries giving me a 5:1 RR up to the tp.
Instant View: USDA's corn, soy stocks figures fall below expectations Stock Markets1 hour ago (Sep 30, 2019 01:41PM ET) CHICAGO (Reuters) - The U.S. Department of Agriculture on Monday reported domestic corn stocks as of Sept. 1 at 2.114 billion bushels, below the range of expectations in a Reuters analyst poll. The USDA reported Sept. 1 soybean stocks at 913...
Supply and Demand and any trading strategy can be quite overwhelming at times. When looking at the Corn Futures ZC weekly timeframe we can see there is a super strong weekly demand imbalance created around 3600. The strength of that demand imbalance is quite strong, we already have price reacting to it, we are expecting Corn Futures ZC to rally higher, there is a...