Corn Looks Poised To FlyThis CORN Etf is showing signs of accumulation. It will likely continue higher for some time.
CORN
$ZC Corn Futures Medium To Long Term Analysis #cornfutures Traders, This is the analysis of Corn Futures ZC.
1. Price made structure break which means more down side is expected
2. But the price can go back up perform
a. Sell Order Collection
b. Stop Loss Collection
c. Retest few levels
3. We currently have a wedge pattern which getting squeezed. A break below will push it to the lower FCP zone.
4. A break above can go to upper FCP zone which is very powerful and can have better sell orders. From there a short based on a confirmation will make more sense. This short then can be held for a longer period of time (if conditions are favorable) as the market structure has been broken (BOS) mentioned in the point 1.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Continuous CornCorn – Weekly Cont: Price action last week hit 3 major areas of resistance. (Downtrend line, Cloud resistance, and 50% retracement)
Targets above at 6.44 and 6.84. Primary target at 7.08 and then last year’s high at 7.35
Lower retracement targets (not shown) at 5.89, 5.71, 5.57, and 5.43. Risk is 5.20
Big Picture look at Corn Market structureCurrent Market Structure: **Sensitive, with extreme bandwidth** (IMO) The current Domestic and World; Supply & Demand numbers,paired with recent inflationary threats support a price base range from 4.75 to 5.15. There are to many variables that could change the fundamental picture and that is what this chart and the extreme bandidth is trying to tell us. 2014-2020 that was a 3.75 base. If the Market went to far above or below 3.75, eventually it came back to it.
Resistance above the 5.75 area at 6.50 - 7.35. **5.75+ is an area that some pricing and protection should be encouraged
Major Support is the 5.15 to 4.75 area. **Many 22’ break evens are coming in at this range. Eventually price will return to this area.
Risk is 4.00-3.80 range with further extreme risk at 3.00. We traded a 6 year range from 3.00 to 4.50, someday there could still be a pull back to that area
**This is a continuous front month chart, new crop (currently Dec 22’) targets should be considered when front month futures hit target areas…
Golden Cross Could Prime Corn Prices to Break Resistance Corn prices may soon receive a major technical boost by way of a Golden Cross formation, with the 50-day Simple Moving Average (SMA) on track to cross above the longer-term 200-day SMA. That may help prices to pierce above a descending trendline stemming from the 2021 swing high.
[futures] Corn - ZC - Hit 10% Target zone!Corn - ZC - Hit 10% Target zone! The price of corn is going up. Should be go to the grocery store now?
bitcorn to the moon?🌽enjoy some lines. the time frame might not be right... or maybe it is👀. but I'm guessing 10 days earlier
Rising CornThe season has begun - seems like corn has bottomed, broken the downward correction, and is now beginning to overcome the different MAs.
According to the seasonality, we should see the high in corn around June-July next year. I expect therefore at least the reaching of the former high at 3.15 EUR.
But you should of course take a deeper look at the underlying asset (ZC1!) and not only on this leveraged derivate.
En seguimiento de el MaizEn etapa clave el maiz. Se repetirá la tendencia del peridos anterior?.. Los niveles de inventarios finales no son los mismos que de noviembre 2020, del mercado chino hay menos informacion que la temporada anterior. y los costos de fertilizantes npk han subido.
The Bitcoin Pattern (No one knows) It's programed inThe Bitcoin Pattern aka
THE CORN PATTERN Have you noticed something familiar, or repeating but couldn't quite figure out exactly what was happening. Truth be told,, The Pattern that's programed in .
We could use this pattern to predict Bitcoin's next move potentially. Don't forget to inverse it, it does that too...
$CORN weekly Equities took a dive last week from the Covid related catalyst, meanwhile I'm bullish and still green on agriculture and CORN calls.
I'm long JAN 23 calls up +17% . I'm looking for a run to $26 in the coming months. Will trim along the way. Stop loss break even.
I'm also long DBA calls (agriculture fund).
ZC Corn Futures Shorts From Current AreaZC/ Corn Futures has been rejecting current level for the past few days. A couple months ago it completed a bearish bat pattern in where price reacted nicely and is currently retesting the area. Shorts/ Reversal is expected from this area.
Soybeans: Close to a buy signal once again...The last time we had a perfect storm situation to buy grains, we had a monster rally in both corn and beans. We are now in a similar situation, with the recent surge in Nat Gas affecting fertilizer prices. Weather in Brazil is problematic and China is struggling to produce grains locally...We are once again nearing a situation where reward to risk for buying into grains is tremendous. I'm long Corn futures already for a couple days and waiting for the daily chart to trigger a technical buy signal in Nov Beans to go long as well.
The last weekly signal expires by next week, as a failure, price hit really oversold levels and reached monthly support (see green shaded area). Implications are a retest of the weekly down trend mode (as shown by the arrow on chart), at least, which can then evolve into a new weekly uptrend, once the daily trend turns up. And potentially trigger a new monthly signal similar to the one we had before...This is an interesting juncture to enter long term positions in grain futures.
Cheers,
Ivan Labrie.
Corn Catches UptrendAs far as I have observed, investors are hopeful and continue to invest in corn because the total supply of this corn is very low and it increases by reacting very quickly to the investment.!
This CORN Will Soon Exceed $1000.!The number of Total Supply is very low, the situation is very good, I believe that it will exceed the $1000 level very soon. I am observing that there is a property burnt community token. Because as the number of holders increases and they continue to receive high ath, the trend shows that it will exceed 1000 dollars in a very short time.
Corn - reasons why it could be bullishETF Corn is in the middle of a pullback, but is it bullish and due for a trend reversal above 1.30?
ZC long above 540$I will buy corn futurese higher 540$, because this is very strong level and above this price everybody who sell from this level will close their short possision ("bears" will lose money higher this price) and all bulls start open their long possision so it should give us some impuls.Stopp loss not more than 2 $ and TP minimum 6 $.Good luck :)
CORN ACCUMULATION AFTER DISTRIBUTION!Hello my beauties.
I think the price of Corn is on its way to complete an accumulation phase. If the price breaches above the red trading range and successfully retests, I will enter a long position before the markup.
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Peace.
Luca, TrickleDownFX
COMMODITIES - RICE ZR1 - Breakout ImminentLine of Least Resistance determined by Underlying Conditions in my Global Macro Campaign.
Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly.
I will know if my suspicions are correct at the median line.
US-China tensions will make the supply scarce, and NATO + allies' free trade agreements are under pressure due to pandemic handling. I speculate a global shift towards domestic production, if not military tensions... Nations will most certainly need to stockpile food!
Other Commodities of interest:
Coffee:
Wheat:
Soybeans:
Corn:
GLHF
- DPT
$FLWS: 1-800-Deflation?Recently we've watched FLWS and aggriculture names move in a correlated way during the waves of inflation experienced this year. Could this trend be growing tired?
CORN possible moveNothing to say everything is clear
corn market may have a different technical behavior, lets see
Key Support Dec Corn FuturesNear complete triangle in Dec Corn with measured blue line resistance at $574 and wave E. Waves B & D are key triggers with confirmation for the pattern. Black line $497'2 forms symmetry and is a level to watch on a pattern break.
