Corn prices have fallen 14% since the start of 2023. The latest USDA report points to further downside. Corn prices are expected to fizzle with expectations of a bumper harvest combined with tepid demand.
The USDA expects a record harvest of 15.27 billion bushels. The 2023/24 forecasts signal rising corn supply boosting ending stocks to their highest level since...
I made this a while ago. It’s crazy to think how well fibs are in the market. Time and price accuracy is on these fibs gans and speedfans. And they can change time frame if you zoom on and add a fib to these fib levels. One single fib can go down to the minutes. You can doubt me either. I’m here to say it’s facts with out being humble. Humble me in the comment...
Crop dropped through the bottom after concernes about shortage switched to the low moving price down fast. If trader have big deposit he is already a buyer. If smaller he is waiting for a news and mean reversal pattern to develop to have a setup for a buy. Giving current situation in Commodities market it could take weeks for a price to respond to a buyer...
Continuous Corn – Weekly: (Busy Chart) Currently in a sideways grinder going into an acres battle and Weather Market. Do not hesitate to Make decisions. The Red downtrending pitchfork controls the trend. Nearby resistance against the upper red line is set up with the 6.93 retracement target but volume by price resistance at 6.75-6.80. If the red line is broken...
ZC1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
Corn has dropped below the 100, 20, and 9-week simple moving averages, all of which have rolled over to have negative slopes. The most notable is the 100sma. When it has a positive slope, it appears to act as support, but once the slope turns negative, price can go vertically down as it did in 2013. Another noteworthy item is the 45 week time span from peak to...
My dear followers ,
XC1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 659'3
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 630'3
About Used Indicators:
For more...
You know the “It’s Corn” song trending on TikTok? It brings a smile to our face every time we hear it. But if you look at Corn’s price chart and fundamental outlook, that’s a whole other story…
Corn’s recent breakout of a symmetrical triangle towards the downside caught our attention. With the clear break and an ensuing retest, Corn is now trading right on...
Taking a look at K23 Corn futures, a great risk to reward setup has shown itself. Looking back to the beginning of 2023, Corn has retreated to support, and held overnight(~650). Using a tight stop (644), one can surmise that you can risk ~6 to gain ~30, as 680 is previous resistance. Happy Trading!
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 688.50
Pivot: 673.00
Support: 648.25
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is also within a descending...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 688.50
Pivot: 673.00
Support: 648.25
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 688.50
Pivot: 673.00
Support: 648.25
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 706.50
Pivot: 6681.00
Support: 673.00
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to...
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 706.50
Pivot: 6681.00
Support: 673.00
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
