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CORN

Possible short set up on Corn May contractThere is a possibly short play opportunity developing on the Corn MAY16 contract that, if valid, should materialize some time between March 15 and 18. Price has been trading within an ascending channel that started March 3 and price is currently at the higher boundaries of same channel. There is a longer term and rather wide descending price channel that started on October 7 and of which price tested the upper line during Feb 2-4 and during Feb 18-23. Price is now heading to same upper boundary again and should arrive there by Mar 15-16, provided that price continues to follow its current short term ascending channel. The 50DMA is clustering with same upper channel boundary and should add to resistance on price. Doing nothing yet but keeping an eye on it for next week.
CBOT:ZCK2016Short
by Remko
Did we just hit the bottom? Corn has been diving over the last 3 years since it's peak in 2012. Beside small correction move in 2014, it was pretty much a nose dive that cut corn value in more than half. Since October 2014, Corn has been bouncing around the 22-23$ support zone, which is also the 127 extension for the first part of corn's decline (Aug 2012- Jan 2014). The second time corn bounced from the 22$ it also broke out of a minor weekly downtrend line. Last week, Corn spiked below 22$ and closed above it, creating a weekly false break and a weekly Outside Bar that could be a trigger for a bullish entry for those who seek to trade this bullish triple bottom setup. The bullish divergence we see in the RSI and the Stochastic being oversold can support this bullish scenario. With stop loss below 21.5$ the initial target level will be the 50 SMA line near 25$ (assuming it'll break above the Fast SMA line - the first confirmation signal) If the price will close above 25$, it could provide a longer term bullish signal for a deeper correction move in corn prices.
AMEX:CORNLong
by themarketzone
NZDUSD: Very close to a market bottomI placed an overlay of the corn and gold charts over the NZDUSD line chart with weekly range boxes. Time at mode has given me a target in the weekly, which is very close to being achieved. I suspect we will see the completion of a terminal falling wedge next week, offering a great buying opportunity in this pair. I'll patiently wait for confirmation here, but I already suspect the bottom will come very soon. Price might copy the corn rallies, which seem to be leading gold and crude oil, regarding dollar strength. Should be an interesting long. Have a nice weekend, Ivan.
Long
by IvanLabrie
13
CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGE Both corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. This is ZCN2015 futures on corn chart, same as ZC1! idea. (Made this idea again because on zcn2015 posting it in forum posts it with chart, unlike zc1!, which is posted with link.) That is all.
CBOT:ZCN2015Short
by justaname
2
CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGEBoth corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. That is all.
CBOT:ZC1!Short
by justaname