CORN
BITCORN, Various Scenarios, 2 Bears , 1 Bull. A MOVE IS EMINENT!Bitcoin just wont die. I am willing to admit that there a chance I could be wrong about BTC going down. However, I can see 2 scenarios here where we could go up a little and then down. But if we get above $7500 the statistical likelihood that we run up to $8500-$8600 is good. There is a big volume well between 7500-8500.
CORN FUTURES (ZC1!) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
CORN FUTURES (ZC1!) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Long Term Prospects for CORNUSDThe CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in 2021.
The Market is in a deep correction on the daily, with price above the 50 ema, which is below the 200 and 800 emas, with the long term emas pretty much right on top of each other and mostly flat, signaling accumulation / distribution. Price is topping out in the b-wave of a a-b-c sell-off. Expect price to trade back below 3.606 before putting in a bottom. There is a serious Seasonal nature to the Corn market. Prices bottom in early Spring and then shoot up in May time frame. The chart expected price pattern reflects that with what that means in terms of the Elliott Wave pattern.
The Market was on the verge of being in a Bull Market on the 4 hour, with price trading back below the 50 ema, which is above the 200 ema, which is heading towards trading above the 800 ema. Price is now technically back in an correction. Would expect price to bang around here, testing emas, before turning down steadily in the c-wave of this correction. Probably open down next weeks, trade up towards the back end of the coming week to finish out an M-Top formation, before resuming the greater down-trend.
This is my CORNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
CORN futures: Cycles, 200MA cross and a double bottom“Hmmm, whats corn up to?” Glad you asked.
Looks like harvest is upon us. All commodities are cyclical, and agricultural commodities are seasonally cyclical. The red cycle lines go back to when Noah came off the ark and so you could almost set this to your clock. Now I’m not about to speculate what market conditions cause the price to normally rise in corn; go ask a farmer that question. This year however seems somehow different. I am absolutely expecting the typical rise and fall that happens every year. However this year seems to have set itself up different from all other years.
The Price action has crossed the 200 week MA and has just bounced off it proving its support. In the process creating a double bottom. The neckline of the double bottom indicated by the red dotted line will serve as our breakout point. Now I would not be in the slightest surprised that once it hits that neck line we get a failure and a return to the lower blue trend line. This condition will create a triangle, ultimately increasing the potential upward pressure that the price will see once the cycle hits. In 2015, 2016, and 2019 the rise going into the cycle peak was very sudden and I believe that the triangle could present a condition where the rush could really push this thing upward beyond the long term resistance at 4.22.
From where the price is today we’re looking at ~10% return if we have a return to resistance at 4.22. However given a triangle, a change in trend indicated by the 200 week MA cross this could indicate a very savage rise.
CORN - DAILY CHART Hi, today we are going to talk about Mosaic Company and its current landscape.
The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices.
Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs.
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"CORN going down" by ThinkingAntsOkDaily Chart Explanation:
- Price started its down move from the Major Resistance Zone.
- Price made a retracement towards the Middle Resistance Zone.
- Now, it should be strong enough to go down towards our targets to the Support Zone first and to the Major Support Zone then.
Weekly Vision:
Updates coming soon!
Corn: Short opportunity on 1D Death Cross and RSI.Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W).
Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2.
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CORNUSD LONG TRADE - PRICE HAS RETESTED NOW GOING UPHey traders,
This is my analysis for Corn currently on the H1 charts.
We can see that corn was trading in this descending triangle pattern.
Price broke out then retested before holding strong.
MACD Bearish momentum also seems to be decreasing
Daily trade analysis and ideas:
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"Corn on a Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- On the Weekly Vision, price is in a huge lateralization, we see it has potential to move down towards the Support Zone.
- Now, price is on the Resistance Zone.
- We expect it to bounce from here.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
Updates coming soon!
CORN DAILY ANALYSIS - WHAT IS CORN DOING?Corn currently is stuck in the middle of this range. Nothing really to say here.
Corn is currently in the upward phase of the trading range after failing to reach the bottom of the range.
Best to wait for price to make a move at one of the orange S/R levels I have labeled.
There are plenty of other setups for commodities trading this week! Please see my related ideas. I have analysis on Gold, Natural Gas, Soybeans, and Sugar.
Daily trade analysis and ideas:
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Twitter: forex_dojo
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Website: www.forexshinobi.com
ForexShinobi
"Corn is retesting the Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price started its down move after bouncing on the Major Resistance Zone.
- Now, price is on the Middle Resistance Zone.
- If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
Updates coming soon!