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Corn

"Short Setup on Corn (ZC1!)" by ThinkingAntsOk4 Hour Chart Explanation: - Price bounced on the Resistance Zone (check it on the Weekly or Daily Vision). - Price broke the Ascending Trendline. - Price is, currently, on a Bearish Corrective Structure (ABC Elliot Count). - If it breaks it at 4,215, the Short Move will be started. - Our targets for that down move are the two Middle Support Zone and, finally, the Weekly Support Zone. Check our Weekly and Daily Analysis. They can be really helpful for you! Weekly Analysis: Daily Analysis:
OANDA:CORNUSDShort
by ThinkingAntsOk
CORN LongCORN 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 also firm up the thesis of a new long term uptrend. When measuring the height of the wedge pattern and adding it to the breakout point, the anticipated price coincides with a former support/resistance level.
AMEX:CORN
by BigMouse777
1
Corn Weather Market Losing Steam? In the ZCZ2019 chart, I see the potential for another leg up however I believe it could retreat down to test the current support line. On 4/30 I bought corn around $3.80 feeling the low had been put in, after a few discomforting days I was correct. Due to delayed plantings and not optimal weather looking forward the market exploded up. I exited this position around the $4.40 range and enjoyed the nice profit, skeptical the market could not bust through the $4.54 price level. Now that the market has broken through that level of $4.54 I am not adding to a Spec long position, while there is certainly upside potential left, I feel the market will struggle in the coming days and weeks to continue the great run it has displayed over the past weeks. That does not mean I am ready to initiate a short position, I feel the upside potential of 8.5% to the upside is still greater than a potential selloff. I will be keeping a close eye on the market in the coming days and weeks if we do continue to rise an additional 8.5% and reach $5.00 +/- I will be preparing to enter the market as a bear. I do not forsee a freefall taking place but do see the potential for significant price reductions if we reach these levels. For the time being, I remain patient, sitting on my hands. **Educational purposes only**
CBOT:ZCZ2019
by GrainCharts
ZC1! - What to expect on the 4hr - CORN FUTURESSo check my last chart to see where I told you what needed to happen to get here. Spoiler alert. I was spot on. Now we have a fresh high and fresh failed to gain. Not a bad place to get short with tight stop just above previous highs. BUT TO TRULY KNOW IF THIS IS THE TOP... you have to lose the high. Look for a close below the last leg that took you up and then get short on the pull back to test that previous local high. This could be the last pullback before the drop, if there are no closes above the top green line. But typically there is a significant pull back after it close below the last leg up and thats usually where I get in on trend reversal signals.
CBOT:ZC1!Short
by SatoriTrades
CORN DAILY CHART ANALYSISKey Level: 387’6 I’m working on the idea of triangle wave (B) complete and wave (C) is developing into 5 wave motive structure. By using Elliot rule of “WAVE 2 never retrace 100% of wave 1”, we can establish an invalidation level that served as our key level of this analysis. If wave (B) complete, corn has no business to go above 387’8 level and I’m looking forward to short with corn in wave 3. Let’s see how corn market develop in the next coming days, week and month :D Please leave a comment if you have any idea and suggestion to improve this corn analysis. Happy trading
CBOT:ZC1!Short
by pengiran-
Wheat, Soybeans, and CornWhy 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 extended period of time. And, for Wheat, that has been since June of 2013. Since then, it has moved between a couple of lines and for the most part, remaining below the 13 period EMA of the high. As an aside, in my previous articles, I used EMA’s on the close of price but have moved to a 13EMA on high, 26EMA on low and 20EMA on close with the intent to use them as a channel for pullbacks based of ADX action. June of last year, the downtrend line was sharply broken but before that, the DMI made a significant move when the +/-DI swapped. Although this had happened several time during the past 4 years, what eventually became important is that the low of this candle was never broken while the high was continually tested and broken with the last time starting the recent uptrend. Also, note that during this time that the +DMI continued to make higher highs will not making lower lows. With the ADX moving above 20 in May of this year, a strong signal was given that the market was ready to move up. Now, consider the same discussion for ]Soybeans : Notice the size of the candle that caused the last swap. I’ve included a possible consolidation pattern. And for Corn : With Corn the interesting thing on recent action is that the DI’s changed dominance but did so where the swap was to -DI but with a green candle. I don’t see this too often but seems to give mixed signals.
OANDA:WHEATUSD
by mxb1961