Potential for Bearish MomentumOn the H4, price is moving below the ichimoku cloud and within the descending trend channel which supports bearish bias that price will drop from our pivot at 769'4 in line with the 61.8% fibonacci projection, horizontal pullback support and 50.0% fibonacci retracement, to the support at 735'6 in line with the 78.6% fibonacci retracement. The descending trendline on the RSI indicator also supports our bearish bias.
Alternatively, price may break through pivot to the resistance level at 786'4 in line with the 38.2% fibonacci retracement.
CORNN2025 trade ideas
Potential Bullish Momentum On the H4, with price reaching the bottom of the trend channel and is expected to move within it, we have a bullish bias that price will rise from the pivot level at 760'2 in line with 78.6% fibonacci projection and 161.8% fibonacci extension, to the 1st resistance at 771'6 in line with 78.6% fibonacci projection and 23.6% fibonacci retracement, or the 2nd resistance at 785'6 in line with 78.6% fibonacci retracement. Alternatively, price may break the pivot and drop to 1st support at 747'0 in line with 27.2% fibonacci retracement.
Corn Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Corn and commitment of traders The market is not looking to find “Fair Value” in this current “Fear Driven” Market. Any thoughts on upside and downside risk above and/or below current prices should be considered…
The fundamentals to support a bullish market remain in place for this corn market. I still believe the job of this market is to see prices high enough to ration demand. A narrow focus on crush, feed, and export demand could argue that price has not rationed demand just yet. I would not discount a potential run up to 9.50 or even 11.00.
But other signals could be telling of demand rationing already. The strong dollar may not ration immediate demand, but it will ration future demand. Remember, this is a Futures Market. No chart attached - but the selloff across the equity markets needs to be monitored. Retail and fund investors have been more speculative into the current stock market and maintained highly leveraged (margined) positions. A continued sell off in equities could cause a major liquidity drain across all tradeable markets. Large Spec Fund’s may reduce their position out of the commodity space for some time. This will ration Paper demand….
Corn – Monthly Continuous: Competing with all time highs.
Commercial Longs (blue): Mostly End users hedged corn, bought to protect margins. Currently more than 200k less contracts compared to this same time last year with a market that is almost a dollar higher (Divergence). But, currently in line with previous years. I am surprised they are not as excited this year to hold more long positions. If they do get excited, I assume that will cause the next strong run up.
Commercial Shorts (yellow): Mostly elevators hedged corn bought from producer. Currently just over 1m short positions held. In line with 18’ and 19’ seasonal positions. Typically, a seasonal position between 800k and 1m shorts held by the commercials represents enough Natural selling to settle down the Corn Market. The commercial elevators appear to own a significant amount of corn. Is end user basis strong enough, and is the July/Sep inverse strong enough to move elevator owned bushels yet???
** In theory elevators are Shorts and end users are Longs. But in this strong demand driven inverted market I expect there to be spread positions placed from both sides to add another layer of protection. All this just makes for a more challenging market when positions are lifted and can self feed a trend regardless of fundamentals and technicals **
Commercial Net (Green): The spread between the Shorts and the Longs (-400k) is not as much in favor of the shorts compared to last year, but still at a historically strong level. (Divergence) A seasonal turn in net positions usually indicates a top is near.
Large Spec Funds (red): In a long and strong position, but again, not as strong as last year (Divergence). In most cases I believe the commercials drive the market more than the funds. The funds like to ride the wave. Combined, the Commercials can hold 1.5m to 2.0m contracts. The funds peak out just under 500k contracts… With that said they can still have a major influence on the market, especially when open interest is low.
Open Interest: Currently at elevated levels compared to the 2011’-2017’ market, but well-off last year’s levels. Enough liquidity in a normalized market, but in a $7-$9 market expect high volatility and deep ranges/corrections….
US Dollar (Orange): Commodity markets struggle to stay strong for a long period of time when the Dollar is above 100.00.
Corn Futures ( ZC1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 808'4
Pivot: 801'2
Support : 795'2
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 808'4 in line with the horizontal swing high resistance from our pivot of 801'2 in line with the 50% Fibonacci retracement and horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 795'2 in line with the horizontal swing low support.
Fundamentals: No Major News
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Expected Key Points Corn /ZC 17 May 2022CORN /ZC Futures 17 May 2022
The daily expected volatility is around 1,86%
With an 82% accuracy based on the historical data, we can assume that the price of NDX/NQ today is going to be between
TOP 823
BOT 792
All of this taken into account with the opening price of today which was 808*
✅CORN TIME TO SELL|SHORT🔥
✅CORN has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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CORN FUTURES Swing Short! Sell!
Hello,Traders!
CORN has reached a massive horizontal resistance
Which happens to be an all time high for the commodity
And so we are already seeing a bearish reaction
Which I think will continue and the price
Will retest the local support below
Sell!
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See other ideas below too!
Corn Futures ( ZC1! ), H1 Potential for Bullish bounce Type : Bullish Bounce
Resistance : 801'6
Pivot: 791'4
Support : 783'0
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791'4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.
Fundamentals: No Major News
USA Corn Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 782'4
Support ': 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782'4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 784'6
Support : 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784'6 in line with the horizontal swing high support and 38.2% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement .
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 784'6
Support : 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784'6 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 785'4
Pivot: 777'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767'2 in line with the horizontal pullback support from our pivot of 777'0 in line with the 50% Fibonacci retracement and horizontal overlap resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 38.2% Fibonacci retracement .
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 785'4
Pivot: 777'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767'2 in line with the horizontal pullback support from our pivot of 777'0 in line with the 50% Fibonacci retracement and horizontal overlap resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 38.2% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZW1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 783'4
Pivot: 778'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 778'0 in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the pullback resistance.
Fundamentals: No Major News
Corn Futures (ZL1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 794'0
Pivot: 790'0
Support : 783'4
Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level which is in line with 23.6% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of in line with the horizontal swing low support and 161.8% Fibonacci extension.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance in line with the 38.2% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Corn and Rate of Change PotentialCorn – 3mo Continuous: Comparing our current Bull market with the previous 4 major bull markets of the past 50 years. Previous price action on charts are often used for support and resistance. I like to look at rate of change during certain periods. Currently the 24 mo ROC is at 140% and compares to the 95-96 and the 11-12 rally’s. The previous all time high on corn was 8.43 in Aug 12’ and will act as resistance. If we look at potential price above 8.43, the ROC from 71-73 can be used to project potential up to the 9.50 area. If we use the 06-08 ROC that projects price up to 11.35.
**Disclosure** Do not take this as trading advice. The potential is there for 9.50 to 11.35 Corn, but anything could keep us from getting above today’s High.
Corn Future (ZC1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 807'4
Pivot: 800'2
Support : 789'6
Preferred case: With price moving below the ichimoku cloud and the descending channel, we see a potential bearish continuation from our pivot level of 800'2 which is in line with 38.2% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 789'6 which is in line with the horizontal pullback support and 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 807'4 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Corn Futures (ZC1! ), H1 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 814'4
Pivot: 807'4
Support: 795'4
Preferred case: We see the potential for a bearish dip from our pivot level at 807'4 in line with 38.2% Fibonacci retracement towards our 1st support level at 795'4 in line with 50% Fibonacci retracement, 61.8% Fibonacci projection and -27.2% Fibonacci expansion.
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance level at 814'4 in line with 78.6% Fibonacci retracement.
Fundamentals: No major news.