My PBOF chart is an attempt to identify, and be decisive, after a potential bottom has formed through with a good sequential 9 or 13 and triple exhaustion signal. Oscillator divergence and volume are clues to a potential bottom. Regardless they are are hard to bu into real time. But if it appears a bottom has possibly been established then I want to buy the next...
Given the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides...
The narrative around AMEX:CORN is shifting from a bearish to a bullish outlook. The reversal in sentiment suggests that the asset could be entering a new upward trend, departing from its previous bearish trajectory. Investors may want to recalibrate their strategies to capitalize on this evolving market dynamic.
Here's a quick view of CORN vs CRUDE which has been moving together for the past ten years with some variation.
With CRUDE pushing highs here (Price Inflation fears rampant) and CORN pushing new lows (Food Deflation - no fears about falling corn prices in the news warning about falling inflation), it seems obvious to put up a chart showing how these two markets...
CORN on the daily chart since late June has fallen to the present level with a
flat or slowly falling support line. I see this as a falling wedge or a flat bottom triangle
slowly setting up a breakout whose upside could be 30% or more. Price had a nice
green engulfing bar to finish a down week in the general markets. CORN does not
follow the general market....
CORN, the ETF tracking spot corn and corn futures has ended its down trend on
the 15 minute chart. The pivot is not a surprise given the issues related to wheat
in the Black Sea shipping with the Ukraine war escalating onto the sea and the
grain export deal falling apart. The Price Momentum Oscillator which might be
considered a leading indicator is showing...
Corn ETV
explainations of an ETV is simply a corn ETF(Trust) or something around the lines of a common bond; I would say; money is money; too me; so I will invest....
This ETF is the only good looking chart that I found.
With today's inside bar, a good risk/reward play would be:
Pivot buy at $28
Stop loss at $27
Target sell at $29.80
Lets see what happens.
Whats going up when markets going down pt1
not a supply chain specialist but im pretty sure
with drought weather, inflation and rising gas prices
SENNA SEASON
Just entered this.
SOYB and WEAT and DBA also looking close to entry time . SOYB , has a signal on the fund but not on the futures and similar look for WEAT so I decided to wait on those . SOYB might be a morning entry if futures opens strong with continuity.
CORN entry I see what is potentially a major higher low we put in here ( maybe ) and still a valid...
Entry 1 on Failure H&S confirmation on 19 Jan with stop on 18 Jan close
Entry 2 on Wedge confirmation on 28 Jan, stopped on 2 Feb
Entry 3 on Rectangle confirmation on 7 Feb with stop on 4 Feb
Major Target 26.50
the failed head and shoulders gave an early sign of a bullish breakout of the rectangle
another half long position is at 23, which would confirm that the retest inside the wedge is just a hard retest, with continuation up to 26
RR maybe 5
Sign of Strength in the chart:
1. Green Pentagon with increasing volume
2. Strong Market Stages
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Equities took a dive last week from the Covid related catalyst, meanwhile I'm bullish and still green on agriculture and CORN calls.
I'm long JAN 23 calls up +17% . I'm looking for a run to $26 in the coming months. Will trim along the way. Stop loss break even.
I'm also long DBA calls (agriculture fund).
