Corn bottomed?Corn bounced right off the range I mentioned on my last idea, Aggressive traders might go long here but it's probably best to wait for MACD signal and further strength. Seasonally corn is Not bullish at this time of the year, so it's best to be careful with longs
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CORN
"Corn: going down as expected" by ThinkingAntsOkDaily Chart Explanation:
- Price bounced on the Major Resistance Zone and started the down move.
- It reached our first target for the bear move at the Middle Support Zone (4.00).
- Now, it has potential to move down towards our second target at the Support Zone (3.395).
- We are looking for sell setups on lower timeframes.
Check our our Weekly Vision. Updates coming soon!
Weekly Vision:
Looking for a tradeable low in Corntarget for short corn idea that I posted was hit, now I’m looking for a tradeable low, more downside is likely but it’s probably better to stay flat and let the market figure out from where to bounce and then get on the trend.
If 400 doesn’t hold, a low might form in the 380-391 region
** Just an idea NOT a forecast
Corn - Looking Stronger BuyI have been hovering over the buy button on corn past week. Wasn't convinced enough to enter, and now heading back to Fib retracement towards $4. The closer to this the stronger chance of a rally - from either fundamentals coning out due to crop damage and lower yields, and also some technical short closing since last rally. Keeping in mind the August report, there could be some positioning before here too from fund managers, adding to volatility. That said, if crops are seen as doing well, with ample inventories, and no substantial buying even though China tariff waiver, prices could continue the current short term bearish trend and breeze through $4 down to $3.80. RSI already showing oversold on shorterm though with possible technicals support current prices and allow for some upside. Overall still see risk to upside despite last week's drop.
Corn - Leaning Towards Nice Long TradeI feel corn is an easy trade at moment. If we look at 4.29 as a kind of average way point at the moment.
If it shoots above that with more news of more crop issues in US, look for an overbought RSI to short or jump on the long train if feel confident. There are uncertainties of the amount of acreage planted, and extended heat causing further crop damage, but there is a good harvest in South American (from my understanding)
But if cooling this week ahead, and crop acreage isn't as bad as people thinking, could be a price breakdown below $4.
Basically, prices below that way point of 4.29 I wouldn't short, and above that I wouldn't long. I want to see some fundamental reason for long or short. Though if wanted to place a position at start of week, I would open a long with low risk equity position.
I feel that risk is to upside at moment, with some bullish news easily pushing to $5. Though over this, demand side reduction could occur, so if it gets there, a short position should be considered.
Unless some overly bearish news, I don't see any huge price drops, and see support around that current $4 - $4.29 level, I see this as an easy long trade (unless fundamental breakdown)
short now or foever hold your breath Short term Shorthey guys this is a short term short today we hit 10700 and now we are breathing out this is normal for any market you cant breathe in without exhaling thats all that is happening.
im not sure where this will end but im thinking 10100 then back up for a small climb and back to your long position you go
so in total im short term bear next 12 - 14 hours until 10000 ish......
long term bull 2 to 3 months where hit 15+
good luck on your trades and please never trade 100 x try trading 1 x!?
please smash that like and subscribe for more signals form bitimex xbt
thanks for pressing like i need more rep points here since this is my new account ;)
"Short Setup on Corn (ZC1!)" by ThinkingAntsOk4 Hour Chart Explanation:
- Price bounced on the Resistance Zone (check it on the Weekly or Daily Vision).
- Price broke the Ascending Trendline.
- Price is, currently, on a Bearish Corrective Structure (ABC Elliot Count).
- If it breaks it at 4,215, the Short Move will be started.
- Our targets for that down move are the two Middle Support Zone and, finally, the Weekly Support Zone.
Check our Weekly and Daily Analysis. They can be really helpful for you!
Weekly Analysis:
Daily Analysis:
corn trading analysisthis is an idea based on fundamental and technical analysis, we are at a potential buy setup as the fundamentals(the report referred) suggest a minor supply and bad planting timing of the crop.
it has to be remarked to read the comment of the acreage report at the end of the document and understand how the crop grows.
if focused only on the first page of the acreage report (acreage of corn +3%) you can see that at the date the market receipted as a major supply(a sharp drop of price) but it did not account for the very late planting time and it can affect the developing of the crop.
all the important reports:
USDA acreage acrg0619 pdf (28/06/2019)
USDA crop progress prog2919 pdf (15/07/2019)
(search by your self)
the setup is a buy if do not drop significantly below the parallel channel and watch the further development of the crop to maximize the profits in the closing of the positions.
the latest report of the USDA indicate an improvement of the growing stage of the corn, but it is still significantly below compared year on year, also the crop quality has this deficit.
Nail reversals for high leverage tradesCOINBASE:BTCUSD
.. .. Tic by Tic Bitcoin Scalper
A groups of technical indicators to find entries & exits at exact reversal points..
The Mighty Doji along with decoding the visual data allows this...
( If only my TA & frame of mind could be up to the challenge! )
What else does one do after getting supremely REKT by the Corn
A pursuit of perfect scalps..
-new 2 charting and TA
Be kind and charitable with your feedback and reputation points.. :)
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"Top and Bottom Analysis on Commodities: Corn" by ThinkingAntsOk4 Hour Chart Explanation:
- Price bounced on the Macro Resistance Zone and broke the Ascending Trendline.
- It is currently retesting the Resistance Zone (Pullback).
- If price starts its down path, we have two potential targets points: the Middle Support Zone at 3,782 and the Major Support Zone at 3,424.
Also, our Weekly and Daily Analysis are short views on the Corn.
Weekly Analysis:
Daily Analysis:
CORN LongCORN has broken out of a bullish descending wedge pattern to the upside, entered a bearish rising wedge, broken down and back-tested the previous resistance level before bouncing back. There are positive divergences on the charts which suggest a much longer up trend in play. These positive divergences can also be seen on the weekly and monthly charts of CORN which also firm up the thesis of a new long term uptrend. When measuring the height of the wedge pattern and adding it to the breakout point, the anticipated price coincides with a former support/resistance level.
Trade-war relief - July 2019Trump and Xi Ping have come to a tariff truce at G-20 this weekend.
Trump is now using Huawei (previously blacklisted, banned, etc.) as a bargaining chip, allowing TEMPORARILY, U.S. companies to continue doing business with China's Huawei.
Here is a list of Top 20 U.S. based Huawei suppliers . I believe most of them will rally this month (July 2019).
- Percentage number next to stock symbol is the revenue exposure to Huawei
Intel (INTC) - 1%
Advanced Micro Device (AMD) - 2%
Broadcom (AVGO) - 6%
Qualcomm (QCOM) - 5%
Microsoft (MSFT)
Nvidia (NVDA)
CommScope (COMM) - 2%
Texas Instruments (TXN)
Seagate Technology (STX) - 4%
Micron Technology (MU) - 2%
Qorvo (QRVO) - 11%
Flex (FLEX) - 5%
Skyworks (SWKS) - 6%
Corning (GLW) - 2%
Analog Devices (ADI) - 3%
NeoPhotonics (NPTN) - 47%
Western Digital (WDC)
Lumentum (LITE) - 11%
II-VI (IIVI) - 8%
Finisar (FNSR) - 8%
Maxim Integrated (MXIM) - 4%
Keysight Technology (KEYS) - 2%
Marvell Technology (MRVL) - 1%
Note: Trump can go back on the Huawei deal at any time.
Corn/USD Bearish Divergence- Corn have an exponential growth recent month. but i expect a consolidation after it hit the 2.618 fib line(golden ratio fib) area just like in 29 may 2019.
- Bearish Divergence sighted but it could be negated if the indicators could rise in a same level as a previous level high.
- expect a golden ratio fib, EMA and SMA as a potential support and resistance line.
peace.
Corn Weather Market Losing Steam?
In the ZCZ2019 chart, I see the potential for another leg up however I believe it could retreat down to test the current support line. On 4/30 I bought corn around $3.80 feeling the low had been put in, after a few discomforting days I was correct. Due to delayed plantings and not optimal weather looking forward the market exploded up. I exited this position around the $4.40 range and enjoyed the nice profit, skeptical the market could not bust through the $4.54 price level.
Now that the market has broken through that level of $4.54 I am not adding to a Spec long position, while there is certainly upside potential left, I feel the market will struggle in the coming days and weeks to continue the great run it has displayed over the past weeks. That does not mean I am ready to initiate a short position, I feel the upside potential of 8.5% to the upside is still greater than a potential selloff.
I will be keeping a close eye on the market in the coming days and weeks if we do continue to rise an additional 8.5% and reach $5.00 +/- I will be preparing to enter the market as a bear. I do not forsee a freefall taking place but do see the potential for significant price reductions if we reach these levels. For the time being, I remain patient, sitting on my hands.
**Educational purposes only**