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TGCN1! trade ideas

ZCN2021 July21 CornJuly Corn – Daily: The (red) Downtrending pitchfork is in a battle with the (grey dashed) uptrend line. Price action may still target a move lower following the median line if the uptrend is broken. Support is 6.02, pattern targets have risk at 5.64 to 5.43. Resistance at 6.69, 6.85 and 7.07. If met, 7.07 should act as strong resistance and a breakout above could lift strong and fast to the Primary target at 8.17. **For trades, not much time left for the July contract before first notice day**
CBOT:ZCN2021
by mtb1980
do you smell the bullshit? fed keeps trying to feed us this narrative that inflation is going to be transitory.... that is not the way i have seen the world to work. once prices rise they never go down. think about your local retail store. once those 10 cent bags of chips went to 25 cents..... they never went back to 10 cents. actually now they are 50 cents. i drew a chart on how i see the movement of corn. down until end of august.....reach a peak sometime mid 2023. by that time i expect corn prices to be over 300% - 400% of what they were last year. my suggestion? get ahead of the curve. ask your manager for that raise. do not accept having your standard of living diminished because of some socialists in administration. stand strong and fight for your right to life liberty and pursuit of happiness. you can also expect some radical individual like trump to come back in 2024 as people will be begging for change.
CBOT:ZC1!Short
by Oppollo
2
BEARISH ON US CORN (HEAD & SHOULDERS)Bearish clues: - Head and Shoulders - General downtrend since begining of May 2021 - Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands - Price broke down the 200 exponential moving average The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel and next the daily support at $5.30/bushel. Feel free to share, comment and give your opinion if it is constructive ;) DISCLAIMER: This is not investment advice
CBOT:ZC1!Short
by ViclreTrade
1
SHORT-TERM BULLISH ON US CORNBullish clues: - General uptrend since August 2020 - Price rebound on the lower band of the Bollinger Bands - Price rebound on the 50 exponential moving average (support) - Price rebound on the Kijun of the Ichimoku Cloud - Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level - Squeeze pattern of the Bollinger Bands in hourly time unit => price explosion to come + ascending triangle Target: The objective is the psychological level of 700'0 (resistance). This could possibly lead to a double top , as the bullish movement is losing its power. Feel free to share, comment and give your opinion if it is constructive ;) DISCLAIMER: This is not an investment advice
CBOT:ZC1!Long
by ViclreTrade
2
Corn Futures Probable Decline, first to 560 then LowerLooking at corn July futures, we expect price to drop now to the 560 level. The orthodox peak was actually on April 27th where wave 5 ended near 684. The following rise to 735 was only wave B up of the overall downward correction, but it indicates that price is itching to go higher. 560 also represents a 38.2% retracement of the 5-wave rise of this thrust, which originated from a lower B-wave triangle. We expect that, after 560, price will recover near to the peak again and then fall still lower, reaching down closer to 61.8%. It will be inclined to hit the level of that 4th wave below. As with other commodities such as crude oil, this rally from last year's bottom is itself only the upward part of a larger downward correction (a final C wave up of a larger B wave up, which will be followed by a larger C wave down) but may reach impressive highs before turning down again.
CBOT:ZCN2021
by Triangle_Trading