Corn Futures (ZC1!), H4 Bearish ReversalType : Bearish Reversal
Resistance : 782'2
Pivot: 765'0
Support : 730'0
Preferred case: We see the potential for bearish dip from our Pivot level at 765'0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730'0 in line with 78.6% Fibonacci projection.
Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 782'2 which is in line with a graphical swing high resistance.
Fundamentals: No Major News.
CORN
Famine and food shortages. How do we invest? RJA and RJIFamine and Food Shortages are the talk over the last month as Russia invades Ukraine. How are we playing this? Where can people look to hedge inflation and war? Here are two simple methods we take a look at to play commodities and agricultural commodities. RJA and RJI by Jim Rogers we believe will continue to rise due to inflation and war. A little fast recently due to war but we expect more corn, wheat, oil, and safflower oil shortages in the next year or two simply based on this war. These commodities will and some are, being used as weapons at this point. I would ask myself, what's more important? Access to a world financial system that I can work around or food for my citizens? I would go with the latter as those with real "stuff" usually have the upper hand. I am not allowed to advertise other social media on TradingView but I can say there is a longer version and more detail out there.
Watch, like, share, comment.
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation
Resistance : 797'4
Pivot: 763'2
Support : 778'2
Preferred Case: With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728'4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763'2 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 778'2 in line with the horizontal swing high resistance.
Fundamentals: No major news event.
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation
Resistance : 780'0
Pivot: 729'0
Support : 719'0
Preferred Case: With price moving the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 780'0 in line with the horizontal swing resistance from our pivot of 729'0 in line with the 78.6% Fibonacci retracement and horizontal swing low support.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 719'0 in line with the 50% Fibonacci retracement.
Fundamentals: No major news event.
Seasonal Futures Market Patterns Corn SoybeansSeasonal Futures Market Patterns Corn Soybeans
Hey traders today I wanted to go over the best Seasonal Patterns in the Corn & Soybeans Futures Market. Corn and Soybeans and other grain markets follow an annual reliable seasonal pattern revolving around supply demand planting cycles. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of Corn and Soybeans.
Enjoy!
Trade Well,
Clifford
10 year Corn Projection (potentially) 10yr Corn outlook: 1 thought (of many I have) on the potential course of the corn market for the next 10 years. I feel the job of the market is to find a price high enough to ration future demand. Could be 7.80, maybe 8.50, or even 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the more corn rations future demand. The low found after a major high is made could mark an area for the future multi year market structure. The market should remain very sensitive for another few years. Sensitive to world demand and production misses across the globe. There are many climate cycles coming ahead that are all supportive to potential Ag production shortages. **Not a prediction, something to watch**
At some point we return to a tighter, more defined market structure working low prices against the long term uptrend line… 4.50-5.25 ???
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation
Resistance : 782'4
Pivot: 719'0
Support : 705'6
Preferred Case: On the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 782'4 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the ichimoku cloud .
Alternative scenario: Alternatively, price may head to our 1st support at 705'6 in line with the horizontal overlap support and 61.8% Fibonacci retracement.
Fundamentals: No major news event.
COMMODITIES running wild everywhere. Decade-long cycles in play.The talk of the street, since the war broke out between Russia and Ukraine, has been how aggressively commodities have been rising. Of course this rise hasn't started this month or the previous but is the outcome of inflation running high on historic levels since the March 2020 COVID crash, when global central banks (more importantly the Fed and the ECB) engaged in enormous economic rescue packages through liquidity by money printing at a historic pace.
I have excluded Gold (XAUUSD), which is the obvious counter to inflation and safe haven during times of geopolitical unrest and instead have included WTI Oil, Corn, Lumber and Wheat as representative commodities. I will not go into detail for each one separately, as the charts are pretty much self-explanatory. The goal here is to illustrate their long-term Cycles and how similar today's rise is to those of the previous cycle.
As you see, what is happening today is no different to what happened in the previous Cycle. All commodities seem to be approaching their respective symmetrical tops when compared to their previous Cycle. That is more evident on WTI Oil, Corn and Lumber. When their previous Cycles peaked, the price always went back to the 1M (monthly) MA200 (orange trend-line).
If you are a long-term investor, such charts help at giving a very clear perspective as to what action should be taken in portfolio making.
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Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation
Resistance : 793'6
Pivot: 719'4
Support : 659'0
Preferred Case: On the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 782'4 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the ichimoku cloud .
Alternative scenario: Alternatively, price may head to our 1st support at 705'6 in line with the horizontal overlap support and 61.8% Fibonacci retracement.
Fundamentals: No major news event.
Mar 7, 22 Corn Pullback - Buy opp?In looking at Corn, you know that Crop Planting in the Ulraine is in less than 60 days. Who here thinks that that is actually going to happen with what's going on over there??
If they can't get their corn planted, there could be some supply issues. Add the shipping delays that the world is experiencing and the price could continue to go up. How high? Not sure. But last week corn was on a tear up. Today it is coming down some.
Maybe a Buy Order in around 720? I will keep watch to see how low it will go but 720 seems like a support level to me. Obviously if price crashes through it and moves down 700 would be the next logical support, and buying point.
Wheat has gone limit up for over 5 days now - Corn went crazy last week and today is in a pullback. I don't know for sure, but I believe over the next month, Corn will continue to go up. I just want to get in on a pullback and ride price up so that's what I'm looking for.
Stay safe.
Heiko
Weekly Levels Strategies: Support/Resistance Crypto, Stocks, etcBitcoin, Ethereum, Solana, and cryptocurrencies as a whole are caught in consolidation where a breakout to either side will define the trend. Stock market indexes of S&P 500 and Nasdaq have given a bullish signal but where will that change? Commodities like oil, wheat, and corn are ripping. Gold and Silver are giving bullish breakout signals. Tech stocks are teetering on edge while defensive plays like utility stocks are rising.
CORN SHORTS 📉📉📉The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those.
On a long-term perspective i am still bullish based on the fundamental context.
What do you think ? ..
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation
Resistance : 793'6
Pivot: 719'4
Support : 659'0
Preferred Case: On the H4 chart, price is near our pivot of 719'4 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 760'0 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the ichimoku cloud .
Alternative scenario: Alternatively, price may head to our 1st support at 659'0 in line with the horizontal swing low support.
Fundamentals: No major news event.
🌾CORN - BitCorn is Back🌽🌮🍿Last year we bought because of inflation.
This year things are even more serious, there is a war between Russia and Ukraine.
Column: Concerns rise over Black Sea spring crops amid Russia-Ukraine war: www.reuters.com
Looks like Fajitas and Tacos🌮, Kellogs frosties 🐯 and other cereal , corn on the cob 🌽, even go ''pop'' in the cinema🍿 might become expensier. On a more serious note, poverty will hit some and food will become a luxury for some.
Sad but true. Scary...
May logic prevail,
the FXPROFESSOR 🌾
Corn ( ZC1!) , H4 Potential bullish continuationOn the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 38.2% Fibonacci retracement. Price can potentially rise to our 1st resistance level at 760'0 in line with the 127.2% Fibonacci projection and 161.8% Fibonacci extension. Alternatively, price may head to our 1st support at 689'4 in line with he 61.8% Fibonacci retracement level. Our bullish bias is supported by how price is moving above the ichimoku cloud.
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The FED Roach InfestationMoney supply expansion is like roaches. It goes everywhere you don't want, and nobody can control it.
Plotted here is the money supply to futures ratio of soy, wheat, corn, and sugar. We have the potential to see a massive increase in food speculation, simply because it's not risky. When equities burst, the money goes anywhere it can. So we should expect a breakout here unless the fake money kicks back into gear.
Decemeber22 CornDecember 22 Corn - Weekly: So far new crop corn has done a good job staying above the blue Tenkan line at 5.60. The most volume by price is in the 5.45-5.60 area. This could eventually act as a magnet to pull price down to….
The primary target at 5.78 has been filled. Targets above at 6.05, 6.24, and then 6.49.
🌽corn looks pretty ripe for a nice little reversal
saw a clean 5 waves down into Wave (A) to the 0.382 algo target, and is currently trying to poke out of the downtrend it's been in.
i do believe that this mean reversion begins in the days ahead for the Wave (B) swing to the 0.618.
Wave B target = 642
Wave C target = 423