4H Chart Explanation: - Price is on a Micro Ascending Channel. - Bearish Divergence on MACD. - If price breaks the Channel, it has potential to move down towards the Middle Support Zone first and, then, towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
M pattern Looking at our daily continuous corn contract we will first use our indicators such as RSI, Stoch RSI, and MACD to determine possible directional position. Or RSI is heading down the slightest but has been at this high level three major times with no success to break through and has gone flat. Our Stoch RSI shows slight less buying pressure with the...
I have been trading the agricultural commodities much more lately. On a long term approach (investing) I am bullish agricultural because I see food supplies diminishing due to weather. Just this Spring and Summer, crop yields did not produce as much as before and according to information on Martin Armstrong's blog, farmers planted crops late in the East due to a...
Corn on the 4 hour chart looking interesting. A potential head and shoulders can occur. We have a left shoulder and we also have a head. Potentially making a right shoulder here. Other confluences to increase our probabilities is the fact that the reversal is occurring at a support/flip zone at the 3.56 zone. Keep an eye on this. I don't trade agricultural...
Daily Chart Explanation: - Price bounced on the Major Resistance Zone and started the down move. - It reached our first target for the bear move at the Middle Support Zone (4.00). - Now, it has potential to move down towards our second target at the Support Zone (3.395). - We are looking for sell setups on lower timeframes. Check our our Weekly Vision. Updates...
target for short corn idea that I posted was hit, now I’m looking for a tradeable low, more downside is likely but it’s probably better to stay flat and let the market figure out from where to bounce and then get on the trend. If 400 doesn’t hold, a low might form in the 380-391 region ** Just an idea NOT a forecast
4 Hour Chart Explanation: - Price bounced on the Macro Resistance Zone and broke the Ascending Trendline. - It is currently retesting the Resistance Zone (Pullback). - If price starts its down path, we have two potential targets points: the Middle Support Zone at 3,782 and the Major Support Zone at 3,424. Also, our Weekly and Daily Analysis are short views on...
CORN has broken out of a bullish descending wedge pattern to the upside, entered a bearish rising wedge, broken down and back-tested the previous resistance level before bouncing back. There are positive divergences on the charts which suggest a much longer up trend in play. These positive divergences can also be seen on the weekly and monthly charts of CORN which...
Bias: Downwards - Monthly pinbar - Look for price to test the 200 day moving average (red)
Stop Loss: $4.279 Risk reward: 2.56 Target $3.973
CORNusd CFd ; Long Term Perspective on the up Trend :Third Eye
Looks bullish.. looking forward a retracement into +- 4 $ or emas line after it's challenging the resistance at $ 4.28 Indicator looks bullish, volume is rising rapidly. DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing Macd : buy histogram is higher than the...
May I have one ascending triangle please? Thanks.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy. Don’t take a trade if you don’t see clearly when big guys are in.
Why Wheat and why now. What about Soybeans and Corn. Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an...
After breaking the 1D Channel Up (Highs/Lows = -12.9821, MACD = -1.170), Corn just bounced off the first important support at 380. We will either see a strong rebound here (long with tight SL, TP = 392.40) or if 379 breaks, it will look for the 372.20 support (TP = 374).
My horizontal support line and upper bound of the July Channel is being broken as I write this - not surprised and was expecting at least a wick below it. W What I wasnt expecting is such low volume on this break. I think most of the community is somewhat surprised by the lack of volume, but maybe people are getting smarter. This means lower lows are to be...