Hi TViewers, CORN is continuing it's solid trend from it's break above the 3.40(ish) mark and is looking very strong. As you can see on the chart it has pushed through it's previous minor resistance points at about 3.70 with excellent volume which would lead us to believe it will continue. We could look to buy here if you weren't already long. Those looking...
Corn is currently retesting a strong S/R level dating back to 2004. If it holds this will be an excellent long term high R/R long trade setup.
It must be thanksgiving and Christmas because CORN has been looking ready to pop for some weeks now. December/January is a typical bullish swing for CORN. I expect price to move up into the 3.68 level in the coming week or two. Beyond that will be hard to say. There is some strong Bearish market structure lurking around. Note: All ideas expressed here are...
Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test. Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of...
The monthly cornusd chart looks like it is setting up a base for a new uptrend to begin. October '15 new resistance->support line at 3.502. Price has closed and held above this line for past 4 months. +DI up and ADX is rising though still below 0 TRIX divergin with price since 2014 with 3 points of focus Stoch coming off oversold and moving up Weekly...
Looks 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!
CORN price has broken bullish trend. Pullback has finished and breakout is confirmed. We can expecet some bearish movement till 3,5 level. If its broken, bearish movent can be projected till second support structure 3,3 aprox.
I wanted to show the longer term view. Corn has been bullish but I have patiently been waiting to short at the large bearish bat/2618 trade set-up (linked below). However if you zoom in you can see the potential buy set-up near the trendline based on 2 different bullish Bat patterns (yellow and pink). I will be watching price action near their completion points...
This is a follow up on this forecast: Still bullish on Corn, after a surge up price retraced. At this moment Corn is still in that retrace, but expect the next leg up soon.
Corn has been strong but I like the idea to short here! It appears indicators will agree with this as well. Let me know what you think.
This is an update on a earlier forecast on corn futures. The analysis remains the same: expect a move up to 385, then a retrace.
Expect Corn (Futures) to run up between January and March 2017.
Long-Term Investment Opportunity: Corn price is trading down since year 2013 and the current price is near 8-year history low. It is good to buy at the MARKET CYCLE LOW and hold for long term. Here are few ways to accumulate your long term investment in Corn: 1. Buy now with little % as the price is already quite low 2. Buy with more % when the price...
Corn may be setting up for another move up. Price has found some support and some indicators oversold. watching TSI and ADX to see if they turn up with price.