CCM1! trade ideas
patterns and wavescorn spiking off the report and Im looking to take a run at the short side for a slide under 3.00..... (348-358 is the sell setup for me) , almost got there lets see if we can hit. july has a chance but most likely be in sept ." not a reccomendation " I have no idea where we may or may not go
Corn Futures (Dec 2020 contract) Cup and Handle on DailyA cup and handle pattern appears on this chart which suggests an upside breakout will occur in the near future.
Best case: Breakout from here
2nd best case: Handle gets a little bit longer then breaks out
Bad case: Handle gets a lot longer to the point where the cup and handle pattern no longer looks like a cup and handle, suggesting an upside breakout may not take place.
Worst case: Obviously, it can drop from here and be a failed cup and handle. No patterns are guaranteed predictors of the future.
Corn 6/25 Recap Corn breaking a range today with CN down to 317-2, way off the session highs. Weather pointing to a good start: dryer spots like Dakotas getting some rain. Outside markets also helping to push prices lower. Some supply estimates also point to YoY growth for production (Ukraine showing a 4M ton increase for 2020). Dec made a new contract low and momentum continuing to point lower.
Corn shortThe breakout level of the last breakout move has beed broken, so I go short, stop on the last peak, RR is quite nice.
ZC JULY SHORTWeekly is long, Daily is short, so there is no sync in the trends, but it can change now. If price closes below the levels here (on H4), there is a short opportunity. RSI uptrend broken already.
CORN ON 30MINhi everyone you can see it on the 30 min chart on corn and on a trading range tomorrow the market opening is going to be up
Trading plan for CORN future - Short Strategy – ZC1The market goes back down but a major resistance could limit the fall
And don ‘t forget to take your profits…
Trading plan for CORN - Short Strategy – ZC1Zone Sell : 328
Target : 326
And don't forget to take your profits...
Corn : Long ==> + % 3.83Parameters
Position Size : %1 (0.01)
Leverage : 50x
Risk/Reward Ratio : 3.00
Stop-Loss : 328.2
Goal : 345.2
Regards.
corn - longCorn has managed to break out of the base it has formed for weeks. Trade - buy 331.6 with sl at 324.8.
Broke the Triangle, ready to go higherCorn futures have broken through the resistance of the triangle base is now poised for a large rally. Prices of Corn futures have not been this low since the 2016 commodity crash, giving us a nice risk/reward ratio.
