CORNH2025 trade ideas
Deep pull back to complete a flat?Great Bullish potential on Weekly Chart, but the short term structure not very bullish, looks like an expanded flat could be underway
corn might ended 1500 days of downtrend from 2012. it can be hugcorn might ended 1500 days of downtrend from 2012. it can be hug
Still in middle of neutral range, but...... we must watch it closely, as Wheat price action may lift other major agri products as well.
Weekly:
- Neutral Ichimoku, with minor bullish indication (see forward Kumo, and medium bullish Tenkan/Kijun setup in the spot cloud)
- Neutral/minor bearish Heikin-Ashi. Bit confusing, as price is exactly in the middle of the long term sideaway range, right at Kijun and 100WMA
- EWO has bullish bias
- MACD: neutral, consolidation
Daily:
- Ichimoku is neutral
- Heikin-Ashi gives possible buy signal t trendline support
- The real key level is 380-385. Should Corn close above, that would be a start of a major bullish tren
Don't listen to intraday chatters - #Corn is for longWhatever people say I don't care. I only care the setup and probabilities, and that is Bullish!
This means I use any dips to buy some more, until my trailing stop is hit. The thing is you must know what is the value level to buy, and what are your odds and your risk if you run a leveraged position.
short PUT on CornAccording to the seasonal pattern (summer rally), Corn Future is on its move to higher ground also raising volatility along its move upward. This trend is supported by the commercials' net long position, which comes from the closing out of the short positions. OI is rather low, meaning that public is not the driving source behind the price movement.
Option Trade Idea:
short Put 355
duration 60 days (July 17th 2017)
Premium: 1 7/8 (x5000) = appr. 100$ per option
Delta: 11
Volatility: 22.2%
Don't forget about this perfectly neutral chart!These kind of tight consolidations lead to heavy breakouts and big moves... to be continued...
Corn estimation for 4 next monthEither you can buy the support and sell the resistance or you can wait for a break... and if you're more carefulle wait for a pull back !!
Keen an eye on corn!!Hey guys
Corn market is interesting right now.
Weekly: Price is just being bid at kijun sen but failing to break out. Macd is crossed down.
Daily: It is a chop fest but daily macd is again crossed down.It is still in channel. I expect this to resolve sooner or later . I am currently monitoring it for potential trade set up. My bias is it breaks down to the downside before a big rally . Will post the set up in comment sections one it arrives. Just add to your watchlist if you trade it.
Stay tuned.
Soon, not now.It is very rare to see such a neutral setup like Corn. It is a perfect indecision.
As you may know, my bias is still bit more bullish. Does it mean I have a position? No. We need some patience, have to wait for the breakout and firm buy signal.
Corn: Bear Flag Under the TrendlineLooks like a flag to me.
My indicators do not yet align with the idea on this time frame...I will update using lower time frames below.
Also note the bearish 2618 set-up which completes @ 393.
If you have any comments or feedbacks on this idea or your own view on Corn, please share!
Fight for the key levelsWeekly:
- Neutral Ichimoku, but price holds above weekly Kijun -> minor positive. Next important levels above are weekly Tenkan at 370 and Senkou B at 378.
- haDelta and haOscillator are still above mid lines, but their strength is a question
- EWO is positive
- MACD shows consolidation
Daily:
- Ichimoku setup is neutral, Price is trying to recapture bullish zone above 370
- Bullish trendline holds
- Heikin-Ashi gives an early buy signal -> please see candle, haDelta+ and haOscillator crosses
- EWO is minor positive
- MACD is neutral/minor positive
I still have bullish bias for Corn, until it is above 355
Corn Bearish CypherJuly Corn is falling from downtrend line last 4 days creating a bearish Cypher pattern. Target for today 364. After that a potential target of 356'2 to bottom out RSI.
Neutral now at equilibrium. Watch for breakout!- The stup is neutral now. Price, Tenkan and Kijun are all in the flat thin cloud.
- Volatility is quite low
- Tightenning triangle. The breakout will bring a quick pickup in momentum
- Heikin-Ashi shows indecision
- Minor bullish view until price holds above Kijun + EWO is green.
- MACD is neutral.
I still have some bullish bias on Corn, espec that I expect USD to weaken more, which should help a bit agris to tick higher. The real key levels are 372 and 378.
Please not May/June contract switch is happening soon. May notice date is 28/April.
Corn Up on USDA ReportLower acreages on Corn have provide an upsurge. Next upside target for Corn is above the 50 day moving average at 380'6 to test resistance. Looking for completion of a bearish butterfly on spring rallies.
Corn & Crude - The long term connection CORN FUTURES vs CRUDE OIL FUTURES
Daily for 7 Years
Would anyone believe that these two markets are somehow this intertwined?
Corn and Crude are like two people walking across a field tied together with a rope. Sometimes one gets away from the other and then they come back together and the other one might stray away.
Using this chart, the decline in Crude Oil could have been telegraphed by the drop in Corn.
Tim
Wednesday April 29, 2015 8:38AM EST ZC1! 363'6, CL1! 56.81
A swing up to 363-367 is possible in Corn- Ichimoku is bearish, but Chikou Span hits past resistance.
- Bearish supports are 362 / 364,85 / 370 (strong supp/res)
- Heikin-Ashi signals a pause, consolidation or minor pull back is possible. haDelta+ and haOscillator tick higher, some short term positive divergence in both.
- EWO adn MACD are bearish
Better risk/reward is still on short side, if market reaches 364 +/- and you see a sell signal there.
short term,short covering rally ?Looking for a short covering rally into Fri. planting intentions report and qtr.stocks
Corn forming CypherMay Corn is forming a Cypher pattern on another down day. Market bought it back somewhat, but we will probably see another down day to 357'4 area. RSI is still down, and Open Interest is starting to roll suggesting a turn. Could see mixed to further down selling until end of week.
