Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 696.25 Pivot: 661.40 Support: 680.50 Corn prices have been climbing since September 28, 2022. The price is above the Ichimoku cloud, which adds to the market's bullish bias. The price is currently consolidating along the 50% and 38.2% Fibonacci lines, which...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 680.50 Pivot: 661.40 Support: 669.50 Preferred Case: Corn fell below the first resistance level at 680.50, where the 50% and 38.2% Fibonacci lines are placed. If the bearish trend continues, price could reach the first support level at 669.4, which is nearby the...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 698.00 Pivot: 661.40 Support: 661.50 Preferred Case: Corn has been rising since September 28, 2022. The price is above the ichimoku cloud, adding to the bullish market bias. Price is currently consolidating along the 50% and 38.2% Fibonacci lines, which mark the...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 698.00 Pivot: 661.40 Support: 661.50 Preferred Case: Corn has been on a bullish trend since September 28, 2022. Price is above the ichimoku cloud, which denotes a bullish market, adding to this confluence. Price reversed course through the first support level...
Fundamental Spotlight: Weekly Export Inspections Corn: 661,658 metric tons; in line with analysts' estimates Soybeans: 575,220 metric tons; in line with analysts' estimates Wheat: 667,577 metric tons; above analysts' estimates. Crop Progress Corn: 20% harvested, this was within the range of estimates, 7% behind last year's pace Soybeans: 22% harvested; this is a...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 691.0 Pivot: 661.40 Support: 675.60 Preferred Case: The H4 price is in a downward trend. Price breached and closed below the first resistance level at 691.00. Price could potentially reverse back down to the pivot line and 20% retracement level at...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 691.0 Pivot: 661.40 Support: 675.60 Preferred Case: The overall price on the H4 is bullish. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. Price attempted but failed to breach the first resistance level at 691.00. Price...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 6.900 Pivot: 667.50 Support: 6.310 Preferred Case: On the H4, the overall price is bearish. In addition, the price is below the Ichimoku cloud, indicating a bear market. Price attempted but failed to break through the Pivot at 667.500 overnight. Price could...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 680.00 Pivot: 667.50 Support: 661.75 Preferred Case: On the H4, the overall price is bearish. In addition, the price is below the Ichimoku cloud, indicating a bear market. Price has broken through the Pivot at 667.4, which corresponds to the previous swing low....
corn We expect a drop in corn grains in the coming period and the end of the rise in wave ((C)) of wave II and the beginning of the decline in wave III targeting. prices of 585 and the decline depend on the decisive point 699
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 6.900 Pivot: 667.50 Support: 6.310 Preferred Case: Overall price is bearish on the H4. To add on confluence, the price is also below the Ichimoku cloud which indicates a bear market. Price has broken through the 1st resistance at 6.900 where the 161.8% and 127.2%...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 679.25 Pivot: 667.50 Support: 660.00 Preferred Case: Overall price is bearish on the H4 with a retail double top formed. Price is also below the Ichimoku cloud which indicates a bear market. Price has broken through and closed the pivot at 667.4 where the...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 679.25 Pivot: 667.50 Support: 660.00 Preferred Case: Overall price is bearish on the H4 with a retail double top formed. Price has broken through the 1st resistance at 679.25 where the 61.8% Fibonacci line is. Price could possibly retrace back up towards 677.6...
Corn The decline continues, since trading is less than the top of the B wave at 699.75 prices, and this decline continues to lower to the end of the III wave, targeting 585.75 prices in the medium term as well as in the long term
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 698.50 Pivot: 667.50 Support: 679.25 Preferred Case: Price has reflected off the first support level at 698.50 on the H4 and appears to be descending again to test it. watch for the price to cross the first support level and go toward the pivot at 667.50, which is...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 710.4 Pivot: 699.4 Support: 679.25 Preferred Case: On the H4, the price has came back down to test the 1st support at 679.25 and has reflected off it. Price has also went back above the Ichimoku cloud which indicates a bullish bias. Looking for price to continue bullish to...
sugar The continuation of the correction in wave 2. on the sugar, and therefore to complete the correction pattern after the last rise, the rise may continue to prices of 19.06 at the level of 78% to end wave 2
Title: Corn Futures (ZC1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 710.4 Pivot: 699.4 Support: 679.25 Preferred Case: On the H4, the price has bounced off the second support at 668.25 which is at the 78.6% Fibonacci retracement line, and went above the first support at 679.25. Price has also gone above the Ichimoku cloud which indicates a...