Hello,
Corn futures are contracts that allow traders to buy or sell corn at a predetermined price at a future date. The direction of corn futures in the next few years will depend on a variety of factors, including weather patterns & global demand.
In recent years, corn futures have been affected by fluctuations in weather patterns, such as droughts and floods,...
Positive Confluence Factors... (14)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)? ✅
3. HTF candlestick confirmation? ✅
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present? ✅
6. Near miss present (below price if looking to get short, or above price if looking to get...
• If price pushes up above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which...
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait...
As shipping cost drops we see that corn , wheat , cotton are dropping fast. This is a disinflational signal OR a big recession signal. We will see what is going to happen after today's NFP and unemployment numbers. Corn is at a good support point. It may rise again if we see NFP is lower than expected or an increase in the unemployment numbers.
Disclaimer –...
Let's see if we get another pullback to 6.708$, which is the optimal entry for this Fibonacci compression. (you can find the indicator under my name)
First take profit is at 6.959, which gives you a risk to reward ratio of 3.
We're in an uptrend, so the trend is your friend ;-)
Happy trading!
dip to trend support before next leg higher is possible, break of that supports bad news!
SOYF looks a lot stronger than this, holding in its consolidation faze instead of breaking lower.
I wouldn't long here unless it broke 705/or had perfect bounce at trend support area 👈
boost and follow if this helped, thanks 😊
CORN continues its downward trend from 669.47 to 660.29, with a potential break of the low at 653.40.
Some caution for the 662.58 as it may be revisited.
Prior set of waves ends 2 months ago. Now picking uptrend starting from the 0.762 of prior wave set.
Observed a slower it momentum last night as it falls back “again”. Would be perfect if the short term 0.618 is tested.
Guys we have finally reached our take profit level I linked the first video whereby I explained how and why i took the trade I'm finally closing the trade with massive profit as you can see for yourself
I know the inflation trade has been discussed and is possibly over, but CORN has been consolidating with higher lows and lower highs. If the trade is not over we could see a breakout to 780$. This is a hedge trade, corn has a lot of moving parts and the three biggest right now being demand for livestock, ethanol blending, and droughts. If traffic is picking up and...
View On Corn (6 June 2022)
We are seeing some possible bottoming signs, and we shall see a lot higher price pretty soon.
So, it is better to buy in slowly and accumulate them.
Tip and Toe.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign...
looks like CORNF struggled to break that strong resistance zone and now seems like we may break trend support..
if the bullish trend cannot hold my targets are
721-670-619
