Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test. Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of...
The monthly cornusd chart looks like it is setting up a base for a new uptrend to begin. October '15 new resistance->support line at 3.502. Price has closed and held above this line for past 4 months. +DI up and ADX is rising though still below 0 TRIX divergin with price since 2014 with 3 points of focus Stoch coming off oversold and moving up Weekly...
I believe this is my first post about Corn Futures, so let's see how this goes! Daily charts so that corn futures are trading within a channel, with resistance being the 50 MA and the support line being the 200 MA and the price support level of 356. Corn Futures shot up today above both the 50 MA and the resistance portion of the channel in which they were...
This is a follow up on this forecast: Still bullish on Corn, after a surge up price retraced. At this moment Corn is still in that retrace, but expect the next leg up soon.
This is an update on a earlier forecast on corn futures. The analysis remains the same: expect a move up to 385, then a retrace.
Expect Corn (Futures) to run up between January and March 2017.
It's arguably a similar case to the former on wheat... Buying within the lowest decile in a decade, a very asymmetric return distribution, a potential break-out of the down trend.
Long-Term Investment Opportunity: Corn price is trading down since year 2013 and the current price is near 8-year history low. It is good to buy at the MARKET CYCLE LOW and hold for long term. Here are few ways to accumulate your long term investment in Corn: 1. Buy now with little % as the price is already quite low 2. Buy with more % when the price...
CBOT:QBC1! Safe Trades;
It will decide whether 350 becomes top or bottom of corn for coming few months, chart is precariously placed.
3 weeks ago traded this from the top down now inverting and going long the spread