Possible bullflag on Corn cash. Se my related idea. We are in for a lot of volatility in the grain market.
CORN
Corn in an interesting positionUSDA report came out with below expectation for yield and plant acreage for corn & soybean. Lots of volatility coming up with most of the eyes looking at weather.
Possible bull pennant on Corn ETV and bull flag on corn cash. Keep your eyes on this one.
corn maybe.Corn is potentially setting up for a good move higher, but the staggered double top might dictate price lower still.
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W
Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III .
ZC1! : 🕐 1W
The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern.
CORNUSD :🕐 1D
When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Corn Opening Bell Winner once againOnce again, I love volatility. The 9:30 opening bell is so many times an incredible thing. Look at the huge sideways action all night long and into this morning. I put a buy order in at 645 in case price action goes crazy at the opening bell and it did - straight up through my 30 HMA to my Take Profit of 40 points. Beautiful Monday!!
Corn Prices May be About to CrashCorn futures (ZC1!) just came off the highest monthly RSI print since 2008 around an 82 handle. We're likely going to see a vicious correction in the near term. Seems like everything is on the verge of a major correction at this point. I wish the Fed luck...
Jun 16, 2021 Corn WinnerGrabbed a quick 16 points this morning. I missed early morning as I was still sleeping but if I was awake at 6am I could have been in the trade at 665 instead of 670. As usual, I took my quick 16 points for a great morning win before the Fed 2pm Gong Show.
Jun 13, 2021 Corn Selling FastAgain, at the opening bell at 8pm, price action was undecided for the first 5 minutes - then BAM - straight down, hit my sell order at 670 and a quick TP at 664, all in less than 15 minutes - Brilliant! Have a great night :-)
Quick 24 points on CornOnce again at the opening bell, price action plummeted and my sell order at 688 was executed. Within 20 minutes my Take Profit of 24 points was hit and I made off with some quick morning profit - great start to a Friday. Happy Friday to all and have a safe weekend.
Jun 10, 2021 Quick 5 point profitGreat start to the day as the opening bell price action worked again in my favor to snag me a quick 5 points in less than 30 minutes. Put my Buy order in at 702 and waited for 9:30 - Price action went straight up and took my profit at 5 points.
Jun 9, 2021 Corn quick 5 pointsSnagged a quick 5 points at the opening of the DJIA. Corn passed up through the 30 HMA quite aggressively so it didn't take long at all to grab the 5 points and run. Nice start for the day.
BITCOIN - LONGLONG here, take profits around 51k.
Buy the wave 2 (double bottom) and hodl them btc bags all the way to $100k+
Corn Selloff May Worsen if 50-day SMA BreaksCorn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.
BUNGE - best short opportunity in 2022BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
Grains will shock youWith all the drama of last year and many areas locked down, one of the big sufferers was agriculture. Much of last years yields went to waste and panic buying occured. Which I'd guess also went to waste for the most part.
As you can see on my chart I'm expecting a sizeable pullback in price before the event, which is completely normal.
let it collect the orders down there and get in where you feel comfortable.
From there hold way into 2022. I wouldn't like to call the top on this, but it'll be impressive.
Checkout soybean and corn also. Why do you think they drove up so hard in price?
Happy trading and don't long just yet. (July?).
Gotta Love Your CORN flakes, Tony 🐯Corn baby, CORN!!!
We have talked about Bitcorn, since Corn has been rising faster than Bitcoin.
We talked about pop-Corn and watching Corn rising like Superman
Well, it's time to stock up on your Kellogs people. This Price is going to 900 (check our previous idea below)
the CornProfessor
ps. this is my favorite breakfast: www.kelloggs.co.uk Thank you Tony, you make my mornings Corny and my trades profitable, I Love you Tiger
🍿Corn- I like to call it Bitcorn (3% higher again today) 🌽🌮Corn is not a cryptocurrency, to begin with.
For some of you all you trade is cryptos. I could understand that up to a degree but it is SO wrong.
Cryptos should be a part of your trading/investing, you should always diversify and keep your eyes open for opportunities in other categories like commodities, shares, indices, etc etc
Well, here is the update on Corn, for those who work closely with me we managed to sell big on Thursday and Buy back on support on Friday..we touched perfection this time so let's keep it that way.
:) look at the previous idea(s) for our 900+ target price on Corn
the FXPROFESSOR
Weekly overview- Updated charts will followHi guys,
wishes fora nice week to all of you. We had our Greek orthodox Easter here so it was time to spend with family.
Now back to the trading floor and off course our charts to see what's cooking and what opportunities we will have this week.
Updated charts will follow for main assets.
All the best,
the FXPROFESSOR
ZCK2021. Ags have been the market to be in.The ag's have been hotter than bitcoin this spring, and I've been so stuck in my little learner's bubble I barely noticed.
I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July.
This zone I have highlighted seems like a really friendly place to enter the market, however, I don't understand what is going on at the top, and if that is some kind of artificial capping done by market makers I absolutely don't want to be buying just under it.
What in the world is going on here?
🍿 ''Bit''CORN keeps FLYING!🌽🌮🌾We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn.
Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target.
So, allow me to call it ''BitCorn''
ps. Fun fact :
''Corn has proven itself to be one of the most effective alternative energy sources, placing it in the ranks of coal, gas, wood, etc. Corn is an excellent energy source because the corn cob is very dense and slow burning.
Is corn an efficient energy source?
Corn ethanol seems like a renewable energy source — a source that cannot run out — because corn can be planted again and again, and the energy in corn comes from the sun, not a limited supply of coal or oil in the ground. ... Most of this energy currently comes from fossil fuels like coal, oil and natural gas''.
the FXPROFESSOR
BTC -> 64k -> retest -> MOONtough call here but I think we're going to go retest ATH, then recheck our channel before the true moon shot. Could be wrong, could go as high as 75-78k before rechecking the channel in which case we might see a more violent correction but I'm still bullish here especially when examining the MACD momentum swing
🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or omelets or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿
Over resistance, tested it as support and not gonna stop until it hits 900 this year.
the FXPROFESSOR 🌾
ps. if you like futures check our cotton ideas
