[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?
CORNH2025 trade ideas
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.
Up Trend I have mentioned at the photo the relevant Levels. A good chance to reach the first Target.
Corn Bearish Fibonacci PullbackCorn futures have completed a bearish fibonacci pullback and confirmed by rejecting the marked zone. This could present us with a great short opportunity.
December 2022 CornDecember 22 Corn - Weekly: From 2014-2020 Corn traded within a more definable market structure. 3.00-4.50(ish). During this time I would run previous years High to Low retracements and place initial targets at retracements under 100% and hope to fill targets up to 127%. We are currently in the beginning stages of developing a new market structure where upside potential and downside risk is unmeasurable. Friday we hit the 5.63 target and now within a day’s move to catch the Primary target at 5.78. At 5.50-5.78 I think it is wise to be 10%-25% sold. **Price before Time** Look at adding Shor Dated (May-July)puts to protect elevated break evens.
Support is 4.80-4.62. Risk below is wide open below
March22 CornMarch 22 Corn - Daily: Heaviest amount of volume between 5.75 and 5.85. This should act as good support or resistance as March takes the lead contract. Impressive intra-day recovery Friday. A break above $6.00 will have interest up to 6.15. Be careful of a bull trap in the 5.98-6.03 area. A quick move up and then close below the trend line would not look good.
Support is the 5.57 pivot low. Further risk is the dashed trend line down to the 5.20 area.
**Will run support targets once we get a confirmed swing high…
December 21 CornDecember 21 Corn - Daily: Corn had all the potential to fail on Friday as the world Financial and Energy markets caved on the latest news on a new Covid Variant. After gapping lower and trading most of the day lower, buyers came in late and gave the Dec21 contract its highest daily close since July…. that seems bullish. Volume was decent/strong for a holiday. Who bought this? Dec/March spread narrowed and commercial end users have had a very strong basis as of late. Maybe some strong commercial interest. Will be interesting to see what Dec 21’ corn does after 1st notice. Remember what Corn did end of April into May when May expired. Big pump, followed by a big dump….. Don’t sit on this. Sell some physical and re own with a call if needed….
Continuous CornCorn – Weekly Cont: Price action currently inside the cloud shows the potential for a wide range of movement.
Filled the 38% 5.88 target. Next line of resistance at 6.07 with a 50% target above at 6.16. Support is the blue Tenkan line at 5.47 with further support at 5.20. Risk below is the pivot low at 4.97 and then it is wide open.
Big picture Corn Market structureCurrent Market Structure: **Sensitive, with extreme bandwidth** 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. Sensitive….
Resistance at the 5.75 area and then 6.50 - 7.35. **5.75 is an area that some pricing and protection should be encouraged
Support is the 5.15 to 4.75 area. **Most 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…
ZC futures LONG ZC is doing a really interesting pattern, touching the resistance and getting rejected so bad,
with the a VOLUME in the 15mins chart, the 1 hour chart, and also the daily chart.
so this is a really good chance to make money.
pullback is also done on the moving averages
Sold Corn Sold Corrn at 596 which was 162.5% of the weekly ABC swing and confirmation to hold was given by Larry Williams Chaos Theory with confirmation of the first wise man. Risk is only 1c of corn so not a very risky trade.
ZC long above 590 $Big chance for breaking key level for corn.
I will buy instrument only with low volatility higher our price and with Stopp loss not more than 1,5$.
Good luck :)
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.
Some delta actionhoping this will be the stop run, I normally wait to confirm it by giving it time to run to my side first, but this one i was ready to risk.
March 2022 Short Position - Trend Line AnalysisMarch corn has reached an area of strong technical support in the ~$5.80 area. Having held strong many times in the past, and never successfully holding above this level for longer than a week or so, it looks like a great opportunity to enter into a short with a target of ~$5.40.
Continuous CornNot much fundamentally going on with corn which makes me like this rally even more. I'm buying 3 swing set backs.
zc long ZC in the weekly chart, and i have noticed that a channel have been broken, a long one in fact it started in 2015 and the price broke in 2020, so that is FIIIVE years, and now it went back to do a pullback on the moving average 209 period, Belkhayate trend, and a resistance that the price have made, alongside a breaking in the center of Belkhayate cycle.
CORNNNNNNNNNNNNStagflation
Oil
Harvest
USDA’s World Agricultural Outlook Board anticipates 2021/22 corn, soybean, and wheat harvested area to total nearly 1.4 billion acres. In the past two years, an additional 57 million acres of corn, soybeans, and wheat across the world have come into production – a 4.4% increase since 2019.
And those acres need supplemental nutrients to produce profitable yields. Current price levels are encouraging for fertilizer production expansion. But rising natural gas costs as energy supplies run dry mean that the global fertilizer production increase could be thwarted by looming energy shortages in Russia, China and the European Union.
NOAA is currently forecasting a warmer than normal winter across much of the Heartland. Temperatures in the Pacific Northwest and Northern Plains are likely to be cooler than usual. If an unexpected polar vortex hits late in the winter and energy reserves in the Gulf are not adequate, domestic fertilizer production could face more delays.
It will likely be another tight year of global fertilizer supplies as more world players such as India, Brazil, China and Russia compete with the U.S. for available fertilizer supplies. While spring 2022 shortage fears are still largely speculative, farmers are wise to plan for worst-case scenarios regarding 2022 fertilizer applications.
It marks a warranted shift in managerial focus from price risk to operational risk. As we have prominently seen over the past three growing cycles, crop quality and yield – thus revenues – are negatively impacted when farmers halt operations for any reason. And with a rapid rise in weather volatility, waiting on pesticide and fertilizer supplies next spring increases the risk for lower yields next fall.
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 inflection pointI am looking for a test of 506^6. If it holds the correction could be done. If it breaks then I am looking for more down side. Early #soybean planting in S. America helps the chances of a better second crop of #corn. High fertilizer prices and availability could hurt corn acres in the northern hemisphere for 2022. Watching for clues.
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
BEARISH ON US CORNBearish clues:
- General downtrend since August 2021
- Ascending wedge , breakdown with a bearish engulfing candlestick pattern
- Bearish Divergence on the Relative Strength Index (RSI) + below the neutrality zone (RSI < 50)
- Pullback done on a resistance zone around $5.40/bushel
- Breakdown of the 150 Exponential Moving Average
Fundamental news:
- US Corn production seems to be good , as well as the European and France productions
- WASDE USDA Report is expected on October 12, 2021
Objective:
The theoretical objective of the ascending wedge is around $5.00/bushel . US Corn could goes down to the level of $5.23/bushel first (resistance and 50% Fibonacci retracement level) and then down to the $5.12/bushel . Then, the last objective is $5.00/bushel (ascending triangle's theoretical objective and psychological price level)
MAYBE WAIT THE WASDE USDA REPORT RELEASE TOMORROW (OCTOBER 12, 2021)
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Continuous CornA few things for direction on Corn after report. Some bias for more upside longer term, but the market has been saying not so fast lately.
US Dollar: Usually trends lower into major China export programs (more so for beans than corn as China usually does not buy much corn) Trends higher after export program concludes.
Some resistance ahead. A move lower would help grain exports….
COT: Commercial Net is tipping lower. Natural selling by farmer. (+)
Commercial Shorts could be reversing to add to positions, typically places a low. (+)
Commercial Longs have not been adding. Until they start adding I will remain neutral. (+/-)
Funds are adding to longs. (+)
**These indicators lag behind change in trends. But if we do trend after the report, It should help confirm a bigger picture scenario either way….
