View On Corn (19 JUNE 2020)
As the investors focus only on the FANGs, the movement on CORN is pretty dull lately.
We believe it is a blessing in disguise. it is time to get in slow and steady.
Central Banks can print money but they can't print food.
It should go to $3.4 region soon and ultimately $3.72.
DYODD, all the best and read the disclaimer...
I'm actually talking about the real commodity here. Interestingly it has a nice base and daily trend signal here, which has decent upside vs risk.
I'm long since last Friday, near the open using July corn futures. Looking for a move towards the target on chart in time.
This could be a major bottom, so, probably interesting to see if we can keep a part of the trade...
With the breakdown in ethanol needs, general and feed lot demand, corn has suffered immensely. Recent favorable weather has also pushed the shine off the this juicy grain. From a fundamental point of view demand and exports looking to offer more support into later part of year, TA was looking good until recent sell off. The rally on 29th June shows how quickly the...
After hitting an extreme support on the weekly chart the price has been moving up in a strong impulse.
Now after creating a falling wedge the market is trying to break above the resistance area for the next impulse up.
If the price will break and close above it we can look at the retest of the structure for a nice long order according with our rules.
Après 4 semaines d'observation du au COVID-19
(L'état de la récolte de maïs aux États-Unis en 2020 a diminué de 4% la semaine dernière pour s'établir à 71% . Six États ont indiqué que l'état du maïs s'était amélioré la semaine dernière, 11 États ont signalé que l'état du maïs avait diminué la semaine dernière. 2 autres États ont mentionné que les conditions...
View On Corn (10 JUNE 2020)
After all these years of trading/investing, we realize that good traders/investors possess a good grasp of these two things.
They are, Knowing what is going on in the market right now and knowing what is coming up next.
The price of corn has been bouncing around the range since 2008 and now it is at the lower band of that range.