And there she is! After the crop report the boys decided to give a little head fake and run the stops of the weak longs. Now if we get above the 362.2 we could see a nice squeeze would could pop us. We are long and will be holding for the gap fill. Understand we are not fools at OFT... we can read. We understand that the agency is calling for a record 14...
AUGUST crop report is due out this morning and we are watching. There isn't a lot of markets to be trading at the moment but that's summer time trading. However, with happenings in Russia there could be some movement in the grains. We are watching to see if they push things down and get later comers short in the hole before squeezing them. We would like to be...
The chart is the same as the previous one (link below), just zoomed in a bit. While Wheat managed to move higher, and actually gave a 4 Hrs time frame counter trend buy signal too, Corn has not been doing much. It is stuck in a very thin range, in between 352 - 361. Maybe the break will happen on back of USDA publishing crop data and export sales, maybe because...
This chart is just a really lovely one to show you the real power of Ichimoku, and to show how nicely it works when something is really trending. Corn had two really nice trends this year. In the bullish one from january I was involved. Unfortunately I did not pay attention to it later, and I completely missed this beautyful bearish move. At least this chart is an...
The formula for the v formation lines up directly with the 141.4 retracement level. Also note that there is prior support at this level. The ichimoku has given a strong tk cross to the down side on this weeks candle stick alone with the candle stick currently below the swing lows. The formula used for the V formation is on the chart above. (if this were a...
Corn is setting up for a Strong tk cross to the down side. Wave 3 is lining up to prior support found back in 2009. If the market can close below the 405 area I am very bearish on corn and am looking for a target area near the 289 level preferably around the 290 (ROUND NUMBER)
Its a good moment to buy corn, but prefer to wait to crosses the trendline. target: 480.0
Corn looks like an oversold, buy candidate here. Corn was breaking out of its base earlier this year and formed a beautiful technical pattern that I caught using the symbol CORN (Teucrium Corn Fund). Corn made all of the news headlines in May when forecasts for drought were everywhere and the price had already run up 10%. Granted, corn has been a lot higher in...
Corn has fallen to far to quickly. We are now back to the original buy areas. If you are still holding from the buy point this will be a good lesson. It is important to take some profits on the way and trail stops. We missed this trade but for some it was very profitable. If price jumps to our sell zone we will look for a short signal.
This seasonal indow has failed only 2 years in the last 18 years
Corn Futures are nearing a potential turning point in coming weeks as technicals and seasonals align. Back in early May, Corn rejected major resistance around 520 and has since pulled back, completing a long cup, while our handle is forming with a retrace of 61.8% ($450) of the move from the lows around $400 early this year to the $520 highs. Although RSI is...
This is what hesitation gets you. We hesitated on buying $ZC (Corn) after the USDA report in January and well...the rest is history as you can see. Trading is not a perfect game and neither are we. Control your emotions, define your stops and you can do very well. If not you will always say would've, could've, should've! And you can't pay bills on that! :)
Hi, It looks like a great opportunity for Long Position. Classic Cup formation with 3:1 R/R.
Price action has not been really good in last 2 weeks. Earlier in February I called for a long ard 443-450 levels, but now I suggest to take profit on all longs. Unfortunately I can not publish a 4 Hrs chart on Corn here, but if you check it in your trading platform it suggests maybe a time for contra short is here as well.
I've been long for two weeks, and long term I still think corn px has good chance for a big rally, but we have arrived to first serious px resistence. I expect some pull back here, in line with correction of other agri products. However stay focused, as it seems corn have already pointed out its long term direction, so a pull back to Kijun or to the Kumo, might...
After some consolidation period, price broke out of the cloud on daily chart. Bears tried to get the control back twice last week, pushing price back from 450 critical resistence. However with friday's candle close, the trend reversal and daily bullish Kumo breakout strategy got confirmed: Chikou span (lagging line) broke out of the cloud too. So to sum it up:...
Rounding bottom completion hints further upside for corn price twitter.com thefxchannel.com