Corn

The shoulders are about the same height and the head is higher than both shoulders

Add to that bearish seasonality from next week

The monthly cornusd chart looks like it is setting up a base for a new uptrend to begin. October '15 new resistance->support line at 3.502. Price has closed and held above this line for past 4 months. +DI up and ADX is rising though still below 0 TRIX divergin with price since 2014 with 3 points of focus Stoch coming off oversold and moving ...

Corn has broken through the upside of a symmetrical triangle, driven by disastrous weather reports across the US. Prices are anticipated to hit 3.752, thereby completing a bearish gartley pattern. It is expected that prices will then travel down to 2.653 which is a 38.2% retracement of AD of the gartley pattern, retest the triangle before moving further higher

CORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.

See updates for analysis

Potential short below 3.49 as market may consolidate below the flip zone.

Looks like correction is over therefore I expect another impuse to target as on chart, Drop the timeframe and if you have any small pullback you can enter to trade,

Nice bearish engulfing pattern formed yesterday - retest of broken TL.

My view - Corn looks to be setting up very nicely just a bit more dip would be great and im in

very clear and important s/r zone ... buy after nice bullish candle .... sell after sure breakout toward down

I wanted to show the longer term view. Corn has been bullish but I have patiently been waiting to short at the large bearish bat/2618 trade set-up (linked below). However if you zoom in you can see the potential buy set-up near the trendline based on 2 different bullish Bat patterns (yellow and pink). I will be watching price action near their completion points ...

corn oil-week-rsi-green_short-red_long

LONG

corn oil-day-rsi-green_short-red_long

its exactly on s/r trend line and the next candle will specify movement direction buy i will enter to buy if bullish candle because trend is still going up in my idea .. buy after bullish candle on daily or lower time frame

Corn has been strong but I like the idea to short here! It appears indicators will agree with this as well. Let me know what you think.

tp 3.77 buyy