Corn Futures CBOT:​ZC1!

Corn is coiling above the 1/1 Gann fan. Ready for the next move up. Probability H.

According to the seasonal pattern (summer rally), Corn Future is on its move to higher ground also raising volatility along its move upward. This trend is supported by the commercials' net long position, which comes from the closing out of the short positions. OI is rather low, meaning that public is not the driving source behind the price movement. Option Trade ...

Corn has been practically neutral on 1W (RSI = 54.490, ADX = 23.173), trading sideways since mid July. With the price currently testing the inner 374'2 Resistance, we consider it to be high enough for a short towards the 0.618 1D Fibonacci = 356'6.

IN ATTESA DEL..... REPORT DEL 11/10/2018

Head and shoulders break to the downside. Has not been to these levels since 2016.

Corn futures ZC1have touched the 50% Fibonacci level on three occasions and failed each time. Looking for a reversal to the uptrend https://www.tradingview.com/x/HuWKYlvA/

The TP = 372.20 has been hit and the 1D Channel Down (RSI = 37.956, Highs/Lows = -0.2679, B/BP = -1.4820) continues to deploy on a standard manner. Next TP = 337.20 which is the November 13, 2017 bottom and a very likely candidate for a rebound. If it breaks then 320.40 is next.

On Monday 366 would turn up your 2 day swing chart and will also break the daily swing highs

Bullish shark with bullish divergence. Waiting to see how price reacts to the reversal zone (purple box).

After breaking the 1D Channel Up (Highs/Lows = -12.9821, MACD = -1.170), Corn just bounced off the first important support at 380. We will either see a strong rebound here (long with tight SL, TP = 392.40) or if 379 breaks, it will look for the 372.20 support (TP = 374).

just for pondering

Price is already falling down. Good for my bear spread ZCN19-ZCZ18.

Long Soybean/Wheat spread, Playing cheap vs expensive ags

Testing trading method to sell weakening Ags and buy strengthening Ags

Looking for a 2-1 Risk/Reward

Self explanatory. Bullish patterns all over, also check out weekly and monthly TTM squeezes.

see the chart

Corn is in a significant S/R zone. Morover, COT report confirms overbought market.