Corn has been diving over the last 3 years since it's peak in 2012. Beside small correction move in 2014, it was pretty much a nose dive that cut corn value in more than half. Since October 2014, Corn has been bouncing around the 22-23$ support zone, which is also the 127 extension for the first part of corn's decline (Aug 2012- Jan 2014). The second time...
It is important that the trend is up. This reduces the risk of selling at a stop order.Therefore, you cannot open a short position at the upper boundary of the upward trend. This increases the risk that your position will close the stop order .
The correction is almost complete. You should wait for the double bottom at this level.(Published a week ago).
After breaking down two uptrend lines, $CORN is back the 25.5$ zone (now support). The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level. Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a...
Published a month ago. Since then I have not changed anything.
The gold/corn ratio is undoubtedly one of the less heralded gold ratios, but commodities investors ought to listen to what this ratio is currently saying. The Gold/Corn Ratio is defined as the number of bushels of corn one could buy with the proceeds from selling one troy ounce of gold at a specific day’s settlement prices, according to Teucrium, the issuer of the...
A bullish move after a 3 drive to a bottom looks possible here Positive divergens on RSI hourly chart Time well tell... as always Safe trading Ladies & Gents! @BLawrenceM Music at work:: open.spotify.com www.youtube.com
Ultra cheap, right now, cant wait for this to start showing a long signal. I'd be waiting for Fisher, to confirm, a white candle, and separation of the MA's. Tick tock, tick tock
I'm waiting for the big trading volume and the specific signal to buy. While it is not.
This is the time of year when Corn can make a decent move. If you don't have a futures account, this is the way to play a move up in corn. The other ways are fertilizer stocks, seed companies and farm equipment stocks. However, it makes sense to track Corn futures directly. This fund holds a few different futures contracts so it is not completely sensitive...
CORN forming a rounding bottom. Next move up should test the 37.5 level.