The season has begun - seems like corn has bottomed, broken the downward correction, and is now beginning to overcome the different MAs.
According to the seasonality, we should see the high in corn around June-July next year. I expect therefore at least the reaching of the former high at 3.15 EUR.
But you should of course take a deeper look at the underlying asset (ZC1!) and not only on this leveraged derivate.
According to the seasonality, we should see the high in corn around June-July next year. I expect therefore at least the reaching of the former high at 3.15 EUR.
But you should of course take a deeper look at the underlying asset (ZC1!) and not only on this leveraged derivate.
Comment:
Double-bottom and up and away! In the ZC1! chart we still have to get through the declining trendline on a daily basis but this shouldn't be a problem in the following weeks.
Comment:
Hodl 🌽🌽🌽
www.seasonalcharts.c...mg/FOOD-FUT/CORN.GIF
and one 2000-2020
charts.equityclock.c...utures/FUTURE_C1.PNG
According to the older seasonal chart, we could move sideways for the rest of this year. According to the more recent chart, we should see rising corn prices immediately. Whatever will happen we don't know, but I personaly keep on DCA'ing corn ... ;)