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SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
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Corn is in both a short and long term bullish trend. While the setup isn't perfect, it does offer a compelling buy signal in a currently bullish market. The Morning Star formed off of a pullback signally continued buying strength and is in line with the overall market strength.
The big trend
the target for this pair is above the the 9.4000 .this is not a short trade,unless if the market becomes impulsive then yes
It must be thanksgiving and Christmas because CORN has been looking ready to pop for some weeks now. December/January is a typical bullish swing for CORN.
I expect price to move up into the 3.68 level in the coming week or two. Beyond that will be hard to say. There is some strong Bearish market structure lurking around.
Note: All ideas expressed here are ...
If a zig zag is to develop, it may be sooner rather than later.
2.5ish should be a nice long term station.
Momentum (RSI) positively-diverged from price on the last price low. This positive divergence is now followed by a potential break in the LT downtrend. Initial target is resistance within a channel but potential bottoming pattern is much more significant. That said, even a run to the top of the channel has compelling risk/reward.
Overall corn is beginning to look weak, this outlook is derived from chart patterns and a resistance zone which appears to be reliable..However as always stops are a must !!