Corn Futures

Simple Agricultural Chart

corn might ended 1500 days of downtrend from 2012. it can be hug

... we must watch it closely, as Wheat price action may lift other major agri products as well. Weekly: - Neutral Ichimoku, with minor bullish indication (see forward Kumo, and medium bullish Tenkan/Kijun setup in the spot cloud) - Neutral/minor bearish Heikin-Ashi. Bit confusing, as price is exactly in the middle of the long term sideaway range, right at Kijun ...

Great Bullish potential on Weekly Chart, but the short term structure not very bullish, looks like an expanded flat could be underway

Long

Whatever people say I don't care. I only care the setup and probabilities, and that is Bullish! This means I use any dips to buy some more, until my trailing stop is hit. The thing is you must know what is the value level to buy, and what are your odds and your risk if you run a leveraged position.

Seasonally, June/July worst months of the year though

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 ...

These kind of tight consolidations lead to heavy breakouts and big moves... to be continued...

Either you can buy the support and sell the resistance or you can wait for a break... and if you're more carefulle wait for a pull back !!

Hey guys Corn market is interesting right now. Weekly: Price is just being bid at kijun sen but failing to break out. Macd is crossed down. Daily: It is a chop fest but daily macd is again crossed down.It is still in channel. I expect this to resolve sooner or later . I am currently monitoring it for potential trade set up. My bias is it breaks down to the ...

It is very rare to see such a neutral setup like Corn. It is a perfect indecision. As you may know, my bias is still bit more bullish. Does it mean I have a position? No. We need some patience, have to wait for the breakout and firm buy signal.

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!

Weekly: - Neutral Ichimoku, but price holds above weekly Kijun -> minor positive. Next important levels above are weekly Tenkan at 370 and Senkou B at 378. - haDelta and haOscillator are still above mid lines, but their strength is a question - EWO is positive - MACD shows consolidation Daily: - Ichimoku setup is neutral, Price is trying to recapture bullish ...

- The stup is neutral now. Price, Tenkan and Kijun are all in the flat thin cloud. - Volatility is quite low - Tightenning triangle. The breakout will bring a quick pickup in momentum - Heikin-Ashi shows indecision - Minor bullish view until price holds above Kijun + EWO is green. - MACD is neutral. I still have some bullish bias on Corn, espec that I expect USD ...

test

- Ichimoku is bearish, but Chikou Span hits past resistance. - Bearish supports are 362 / 364,85 / 370 (strong supp/res) - Heikin-Ashi signals a pause, consolidation or minor pull back is possible. haDelta+ and haOscillator tick higher, some short term positive divergence in both. - EWO adn MACD are bearish Better risk/reward is still on short side, if market ...

Hello all Just a quick post on corn. Not showing weekly chart here . But weekly is at resistance. Daly is in 7 month long channel and there is trendline there too. looks like it attempted to break it. I will be watching this closely . Any spike higher towards kijun and failure is swing sell targetting previous lows. Let's see how this plays out. Good luck everyone.