Hi guys this is john the forex guy. After a few months of refining and twerking my plan approach I'm back guys. I believe corn futures will soon sell this is based on the the fact that we are at a psychological supply area but what come to light through my team member is that corn is really over supplied in the world looking deeper these following few months will...
nice uptrend thats been holding strong all year, bulls are in control! my targets on this are 841-884-900+
poss pattern to re-accum for a higher run safe trading all
With wheat prices soaring, and grain exposed agriculture(such as cattle) reliant on the commodity, corn appears to be forming a bull flag. Maize and rice will come into demand when wheat becomes undersupplied.
CORN continues to get rejected at strong resistance area, shorting most likely pays out here. targets are on my chart !
corn on a clean uptrend at the moment, targeting 796.75-844.19 if it holds, if the trend breaks we can dip to 701.87. like and follow for more! ❤
Hello traders: CORN has been moving up steadily since the late 2020, continue to impulse up and correct. We now see a larger, higher time frame descending correction that has been consolidate for about 5 months Latest development shows us a lower time frame double bottoms, and price has some LTF bullish price action. Be on the look out for bullish...
Hi Everyone, Kindly look for sells on corn from the top. with the targets at the bottom as per the chart. Good luck
Corn seems to be Breaking Out Bullishly from a Descending Channel and the Projected AB=CD move would take us to the 1.13 Retracement. We may be able to take advantage of this Projected move by Entering now on the Breakout and an attempt to capture the CD leg's Projected Move Up. We also have a bit of RSI Hidden Bullish Divergence to back up this Potential Early C Entry.
the chart has all the descriptions ...................................................................................................................................
Sequentials at 9 Monthly. Looking for lower bands of SMA's. >Perhaps 21SMA monthly.
Winter is coming soon. Demand will Be high, Supply will be tight as holiday season is coming. Farmers In others hand started to harvest and Keep Stock Ready For the whole season. Corn Price could be start Rally by end of October. Should Be a nice swing trade. We will start watching reaction to marking zone for reversal bullish pattern. For now We wait And see...
Nothing to say everything is clear corn market may have a different technical behavior, lets see
Our pivot point stands at 562.25. Our preference: target 546.25. Alternative scenario: the upside breakout of 562.25, would call for 567.50 and 570.50. Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Corn (CME) (Z1) is trading under its 20 period moving average...
The harvest season has begun! The purchase of cereals has increased activity this year. The price of wheat is growing very well. The rise in corn prices also has good prospects! Although the harvests this year are not bad enough, it is logical that the price should fall during the harvest! But the excitement in the procurement market dictates other rules! Fears of...