CORN USD BUY (CORN – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
CORN
#ZC_F $ZC_F #Corn – BEAR SPREADThe corn bear spread offers quite nice RRR 1:2. I have already entered at 4,0. My SL is set at 3,0 ($50/contract) and my PT at 6,0 ($100/contract).
Long the CORNKeep it simple stupid.
I will buy on breakout to the upside with volume. Or, more conservatively, wait for a retest after breakout.
Entry around $16.5. Resistance levels marked on the chart at $20, $23, $27, etc.
Why would I make this trade?
> CORN consolidating...CORNSOLIDATING!
> RSI Increasing
> Equity prices are falling across the board. See the DOW and S&P500.
> Commodity prices are rising as investors move into safer assets. See WEAT, Silver, and Gold.
> Corn is king. And used for food, packaging, and fuel.
What will happen as the world enters recession, instability, climate change, maybe war? Which assets will capital move into?
Rule yourself.
*This is not investment advice*
#ZC_F $ZC_F #Corn – BEAR SPREADThis bear spread is quite cheap. I see a potential to grow to price 6,0. There is a strong S/R zone. Entry 4,0 / SL 3,0 ($50/contract) / PT 6,0 ($100/contract)
BitcornBitcoin possible inverse head and shoulders pattern with increasing RSI on 4H chart. High volume break of 4500 confirms pattern breakout with a target of major resistance in the 5700 range. Breakdown below 3700 invalidates pattern suggesting a test of the lows. Hold on to your bread shits about to get real
Corn: Moving sideways on 1W. Short.Corn has been practically neutral on 1W (RSI = 54.490, ADX = 23.173), trading sideways since mid July. With the price currently testing the inner 374'2 Resistance, we consider it to be high enough for a short towards the 0.618 1D Fibonacci = 356'6.
CORN BUYHi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Don’t take a trade if you don’t see clearly when big guys are in.
Corn forecast ZC1!Looks like a possible long setup for the short term, but beware of nearby resistance. Wait for confirmation.
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CORN 1D BATSPlease see the comments on the chart:
In sum, I'm watching these indicators:
385 MA (greater than 2% above, breaking a multi year precedent)
Bullish movement this week
Calendar year performance (not negative?)
OBVOSC Higher Low
RSI Bullish Divergence
****Not covered here -- tariffs: 1st and 2nd order effects
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