USDA report came out with below expectation for yield and plant acreage for corn & soybean. Lots of volatility coming up with most of the eyes looking at weather.
Possible bull pennant on Corn ETV and bull flag on corn cash. Keep your eyes on this one.
Food Inflation will soon be a concern for people. We don't eat lumber but we do eat corn!
While the FED only looks at core inflation (ex food and oil) if this new reversal trend
continues they will care very much believe me!
Excessive deficits, ZIRP (zero-interest policy) causing monetary inflation, coupled with
some fear is causing money to flow into...
the story's on the daily. apparently found a bottom and been strong since; 3 rising valleys now an ascending wedge. i took a small position at the green arrow, (late) tight stop here for equitable trade. a backtest of the broken resistance would be the ideal entry
Pro:
- Double top
- bearish daily candle
- change of overall sentiment on the market from bullish to bearish
Cons:
- against the trend
this is not recomendation, just my opinion
Corn has been on a rip lately. Today we have a nice pullback. If CORN cant hold the $15.79 level I expect to see somewhere around $15.00. Due to a confluence of support with the current upwards trendline, the horizontal support from the past and the 50 day simple moving average all being in the same area I will look to lean in off the bounce (if it happens).
Asides from the metals, other commodities like corn and sugar are other great ways to protect against inflation. If you look at corn futures, they are beginning a breakout from previous resistance levels that were difficult to break, potentially leading to another parabolic move in the commodities sector. Because I already own alot of metals, this is definitely an...
On the daily time frame of CORN, there is a nice looking bearish rising wedge. It has been a quite a run and now it has gone up too quickly. RSI is reading extreme over bought. PPO is poised to make a bearish high level cross over. Also, when it falls back into the price channel, it will be very bearish as it will be a bull trap. I entered long $11.60 range so...
Hi friends
the daily analysis shows that it will experience with a high probability an uptrend but at the same time you have to be vigilant of the change towards the opposite direction
CORN ETF is breaking out from the 160 days bottoming Consolidation Zone
The breakout is retested and after yesterday price action spiked up,
we can confirming the bottoming, and BULL is eyeing T1 and T2 at least. T3 Probably will take more time.
I don't like to put too much drawing in the chart. Please move your mouse to the Note area and see the reason and...
This post is mostly just serving as an informative update for those who don't follow Wall St Bets, which is a huge reddit community where inexperienced retail traders talk about stocks - CORN has become a highly talked about name recently. Plenty of the names mentioned there become / are volatile and are subsequently talked about by the mainstream media like CNBC...
Arca
