Looks like a flag to me. My indicators do not yet align with the idea on this time frame...I will update using lower time frames below. Also note the bearish 2618 set-up which completes @ 393. If you have any comments or feedbacks on this idea or your own view on Corn, please share!
CORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.
Bulled up... just a matter of weather* $4 support holds or we drop down to 3.5 levels Trend line resistance erroded
I wanted to show the longer term view. Corn has been bullish but I have patiently been waiting to short at the large bearish bat/2618 trade set-up (linked below). However if you zoom in you can see the potential buy set-up near the trendline based on 2 different bullish Bat patterns (yellow and pink). I will be watching price action near their completion points...
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.
Corn has been strong but I like the idea to short here! It appears indicators will agree with this as well. Let me know what you think.
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...
Corn may be setting up for another move up. Price has found some support and some indicators oversold. watching TSI and ADX to see if they turn up with price.
We should enter longs in CORN at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with. There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move. Good luck, Ivan Labrie.
Let's add to longs at market open, there's a chance a second 'Time at mode' signal confirms on close here. Move all stops to Sept. 12th's low, and open a 1% risk long, if we don't retest the new entry stop on close, we can expect a rally to 364'6 by or before October 25th. We should see a strong rally from here, and at least 3-4% more upside, before a pause in...