“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...
Some small long delta in corn in advance of the WASDE report tomorrow ... . Metrics: Max Profit: 143.75 Max Loss: 106.25 Break Even: 377.13 Notes: Max is realized on a finish above the short call, but will look to take profit at 50% max.
Daily Chart Explanation: - Price started its down move from the Major Resistance Zone. - Price made a retracement towards the Middle Resistance Zone. - Now, it should be strong enough to go down towards our targets to the Support Zone first and to the Major Support Zone then. Weekly Vision: Updates coming soon!
Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then,...
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...
Daily Chart Explanation: - Price started its down move after bouncing on the Major Resistance Zone. - Now, price is on the Middle Resistance Zone. - If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone. - We are looking for sell setups on lower timeframes. Weekly Vision: ...
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...
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...
EARNINGS: No earnings announcements this coming week in underlyings with highly liquid options with ideal rank/implied metrics (>70% rank/>50% 30-day implied). EXCHANGE-TRADED FUNDS: SLV (82/29) GDX (74/33) TLT (71/15) GDXJ (60/37) GLD (59/15) XOP (35/37) Precious metals ... again, with GDXJ offering the best volatility metrics (>50% rank/>35% 30-day...
4 Hour Chart Explanation: - Price started its down move on the Resistance Zone. - Now, it is on a Bearish Corrective Structure. - It has potential to move down towards the Middle Support Zone and, then, the Support Zone indicated on the chart. Check out our last predictions on CORN (they were really precise)!!! Weekly Analysis: Daily Analysis: ...
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...
ZCK2020-ZCU2019 Spreads on corn futures almost reaching Take Profit. Spreads are one of the most profitable forms of trading there are thanks to the statistical advantage on the seasonality of commodities. If done respecting the rules of operation, you get on average a Winrate of 87% with a Risk Reward of 2/1. Joe Ross is my greatest master in this field.