uptrend is strong! nice uptrend thats been holding strong all year, bulls are in control!
my targets on this are 841-884-900+
CORN trade ideas
Retreat?!Looking to play a pullback of prices on corn. Targeting the weekly Tenkan for a 2R trade. Small position since its a pullback trade, any signs of bullish resumption I wont hesitate to close.
Corn appears to be forming a bull flag With wheat prices soaring, and grain exposed agriculture(such as cattle) reliant on the commodity, corn appears to be forming a bull flag. Maize and rice will come into demand when wheat becomes undersupplied.
dip coming soon 🔴CORN continues to get rejected at strong resistance area, shorting most likely pays out here. targets are on my chart !
nice trend here ✅corn on a clean uptrend at the moment, targeting 796.75-844.19 if it holds, if the trend breaks we can dip to 701.87.
like and follow for more! ❤
CORN Bullish Mid-Long Tern Outlook
Hello traders:
CORN has been moving up steadily since the late 2020, continue to impulse up and correct.
We now see a larger, higher time frame descending correction that has been consolidate for about 5 months
Latest development shows us a lower time frame double bottoms, and price has some LTF bullish price action.
Be on the look out for bullish continuation price action to form, and look for completion of the correction for the buys.
thank you
Look for sell from TopHi Everyone,
Kindly look for sells on corn from the top. with the targets at the bottom as per the chart.
Good luck
Corn: Early C Entry on Bullish ABCD BAMM to the 1.13 ExtensionCorn seems to be Breaking Out Bullishly from a Descending Channel and the Projected AB=CD move would take us to the 1.13 Retracement. We may be able to take advantage of this Projected move by Entering now on the Breakout and an attempt to capture the CD leg's Projected Move Up.
We also have a bit of RSI Hidden Bullish Divergence to back up this Potential Early C Entry.
corn buysafter the re-tracement, i was waiting for a bullish corrective structure and i noticed that corn respects the corrective structures to the T. i looking for buys for long
corn futures tasting sweet right now the chart has all the descriptions
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Its Time for Soft Commodities to Shine Winter is coming soon. Demand will Be high, Supply will be tight as holiday season is coming. Farmers In others hand started to harvest and Keep Stock Ready For the whole season. Corn Price could be start Rally by end of October.
Should Be a nice swing trade. We will start watching reaction to marking zone for reversal bullish pattern.
For now We wait And see next week price action on daily basis.
CORN possible moveNothing to say everything is clear
corn market may have a different technical behavior, lets see
CORNF Our pivot point stands at 562.25.
Our preference:
target 546.25.
Alternative scenario:
the upside breakout of 562.25, would call for 567.50 and 570.50.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Corn (CME) (Z1) is trading under its 20 period moving average (557.08) but above its 50 period moving average (554.06).
CORN D1The harvest season has begun! The purchase of cereals has increased activity this year. The price of wheat is growing very well. The rise in corn prices also has good prospects! Although the harvests this year are not bad enough, it is logical that the price should fall during the harvest! But the excitement in the procurement market dictates other rules! Fears of a new wave of Coronavirus is forcing the world's population and major trading players to be careful! Large speculations can occur in the food market! Therefore, the purchase of raw materials at a basic price will be a very good investment for this year !!!
CORN - Time to Buy AgainAt this stage I have the confirmation to buy in again. Not much to say, just look at the previous ideas for the fundamentals.
Trends and patterns in grain auctions, local meat production and corn production are all indicative of stronger grain demand by China in the coming years, reported S&P Global Platts.
reference
Reloaded:🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿. Also your cornflakes Tony🐯, yes!
Over resistance, tested it as support and not gonna stop until it approaches the 800 levels this year.
the FXPROFESSOR 🌾
Corn: Not Looking Good At AllObservations on the chart. Perhaps sell the retest and failure of the nexkline. Of course it can keep on going too
