Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
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...
Just spotted this one, might be interesting for the future, will monitor it. Plan details on chart. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Zone Sell : 328 Target : 326 And don't forget to take your profits...
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"....
Updated View On Corn (30 MARCH 2020) After years of sideway and range bound movement, we are expecting Corn (Food price) is going to get a lot more expensive. It may not happen immediately and it may take time to unfold. But the potential reward can be great. Let's watch them closely! DYODD, all the best and read the disclaimer too. Feel Free to "Follow",...
We broke out of the negative trend line, backed up by higher low's indicated by the yellow increasing trendline, and a higher local high. For sharp entry: Wait for retracement till the horizontal line which acted as S/R recently, or wait till it retraces till the trendline. For strong conviction: Market order to get the length since it seems a new trend has...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
Dates in the future with the highest probability for price direction reversals
If CORN will manage to break upside, I'll invest some part of portfolio. At dashed TPs I'll be looking for pullback, offload some, and re-enter lower. Merry holidays, whatever you celebrate! Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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...
“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...
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...
Type of position: Buy Entry point: 3.58 or below Exit point target: 4.48 (30% profit) Time span: 287 days You can enter some Corn CFD or use the Teucrium Corn Fund to make a similar trade. There is a clear pattern in the last 5 years for trading corn. We have a low around the beginning of September and we are bullish throughout most of the year until mid-late...
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...