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CORN

CORN Calendar SpreadZCU18-ZCZ18 has started its seasonality in March (precisely March, 14) and will end on August, 4. Spread that now is back interesting for open a short position for several reasons. Not only the seasonality (20 winning years in last 20), the Relative Strenght Index is in strong overbought and there is a "fundamental" consideration. The September delivery future will increase its value more when corn is harvested compared to the December contract. In practice, there will be an expansion of the contango. The price of the corn (but not only) is always higher before the harvest. Then it arrives on the market and increases the offer, and if there is not also an increase in demand, the price will start to fall (as the seasonal patterns suggest) and it is for this reason that I sell the corn in hedging between May and June.
CBOT:ZCU2018Short
by TradingwDavid
Recharge before next breakoutNotice how in each of these channels, the bottom line breaks after the third touch (or shortly after). The same should probably happen again here. I think could be potentially explosive as its hung out in this accumulation zone between 6.2 and 7.5 for several weeks now. I think this could potentially ride up to about 7.9k-8 in this channel before coming back down to one of the blue boxes. POA is on the verge of a big break, but it needs a little more time to accumulate. Above 9.5 is really uncharted waters, but theres a decent amount of hype surrounding this project and its new dimension to blockchain. This project should present great upside in the immediate future. If youre looking for a flip and scalp, I have targets listed. Otherwise, id say its a good buy now. Current market cap is $150M so a lot of room for growth. POA main net launches 5/10, so expect a pump over the next several days. Honestly wouldnt be surprised if this 2 or 3xs before then. I dont wanna shill, but alt season + new project + new type of blockchain tech (poa)= massive upside SL - 5.5 P1 - 7 P2 - 6.3 Note: I filled my bags earlier last week, but I like where this is headed.
PLong
by CPA4PAY
2
BTCUSD200 ma ahead, but we are weak. BTC gives its lifeblood so that shitcoins pump and what do shitcoins give bitcoin in return, nothing but shit ;) Well fact is that all alts have broken the 200 ma (except bch which loves to piggy back BTC) and that could be a sign that BTC (and BCH) will do the same, but we failed to get there before this correction. Seems like rsi reset is needed before tackling the main bear resistance, but I don't think we will break it personally. We will need another go at least, to allow more waiting buyers to enter. The weak hands will sell and then fomo back in this might give us a chance to break out. However maybe Bitcoin really stronk coin !
KRAKEN:BTCUSD
by RealMcafee
17
Tiempo de Partiro My horizontal support line and upper bound of the July Channel is being broken as I write this - not surprised and was expecting at least a wick below it. W What I wasnt expecting is such low volume on this break. I think most of the community is somewhat surprised by the lack of volume, but maybe people are getting smarter. This means lower lows are to be expected - we're gonna break the 2/6 low. I suspect we hit 6.2k on 4/13 (blue arrow), with a wick going into the 5.5 (green). If a wick breaks that trendline, then I think we will see more bear market down to 4k.
BITFINEX:BTCUSD
by CPA4PAY