The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those. On a long-term perspective i am still bullish based on the fundamental context. What do you...
Type : Bullish continuation Resistance : 793'6 Pivot: 719'4 Support : 659'0 Preferred Case: On the H4 chart, price is near our pivot of 719'4 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 760'0 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how...
Last year we bought because of inflation. This year things are even more serious, there is a war between Russia and Ukraine. Column: Concerns rise over Black Sea spring crops amid Russia-Ukraine war: www.reuters.com Looks like Fajitas and Tacos🌮, Kellogs frosties 🐯 and other cereal , corn on the cob 🌽, even go ''pop'' in the cinema🍿 might become expensier. On...
Corn – Weekly Cont: Price action working above the supportive Cloud, blue Tenkan line, and downtrend line. Target above at 6.84. Primary target at 7.08 and then last year’s high at 7.35. ** 162% retracement target at 8.82 **
**Please do not take this as a projection or extreme bullish stance. This Market is sensitive to major up and down moves that will eventually leave many surprised by the high and the low it will leave behind. The quarterly chart shows extreme highs being made in the past 50 years. The current Corn market shares some similarities with the 06’-08 and the...
corn looks pretty ripe for a nice little reversal saw a clean 5 waves down into Wave (A) to the 0.382 algo target, and is currently trying to poke out of the downtrend it's been in. i do believe that this mean reversion begins in the days ahead for the Wave (B) swing to the 0.618. Wave B target = 642 Wave C target = 423
in my last post, i called out the corn bottom via 👇 people told me some weird things about that call out, something along the lines of "no way bro" well we hit my target m8. are you going to short corn?
This CORN Etf is showing signs of accumulation. It will likely continue higher for some time.
ZC corn futures, GO short for tomorrow we have an interesting probability for sell
Corn – Weekly Cont: Price action last week hit 3 major areas of resistance. (Downtrend line, Cloud resistance, and 50% retracement) Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35 Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
Current Market Structure: **Sensitive, with extreme bandwidth** (IMO) The current Domestic and World; Supply & Demand numbers,paired with recent inflationary threats support a price base range from 4.75 to 5.15. There are to many variables that could change the fundamental picture and that is what this chart and the extreme bandidth is trying to tell us. ...
Corn prices may soon receive a major technical boost by way of a Golden Cross formation, with the 50-day Simple Moving Average (SMA) on track to cross above the longer-term 200-day SMA. That may help prices to pierce above a descending trendline stemming from the 2021 swing high.
Big chance for breaking key level for corn. I will buy instrument only with low volatility higher our price and with Stopp loss not more than 1,5$. Good luck :)
ZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.
I will buy corn futurese higher 540$, because this is very strong level and above this price everybody who sell from this level will close their short possision ("bears" will lose money higher this price) and all bulls start open their long possision so it should give us some impuls.Stopp loss not more than 2 $ and TP minimum 6 $.Good luck :)
Hello my beauties. I think the price of Corn is on its way to complete an accumulation phase. If the price breaches above the red trading range and successfully retests, I will enter a long position before the markup. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me...
A few things for direction on Corn after report. Some bias for more upside longer term, but the market has been saying not so fast lately. US Dollar: Usually trends lower into major China export programs (more so for beans than corn as China usually does not buy much corn) Trends higher after export program concludes. Some resistance ahead. A move...
Corn – Weekly Cont: The 5.47 area had the most volume by price since the uptrend began. Did the recent bump give the Funds an opportunity to bail on their longs or does it prove to be an area of accumulation for funds and end users??? Weekly support at 5.21 needs to hold for the weak longs. Further key support at 4.98. Risk is 4.66-4.37. So far the cloud is...