ZC1! Corn Potential For Bearish ContinuationThe overall bias for ZC1! on the H4 chart is bearish . In addition, the price is below the Ichimoku cloud, indicating a bearish market. Price has tapped into our sell entry point at 661.75, where the 23.6% Fibonacci line is located. The stop loss will be at 685.25, just above the 61.8% Fibonacci line. The take profit point will be at 632.00, which is the 50% Fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CORN
Corn LongCorn has been in a range since aug. and I am willing to trade the range once more. The green arrows are good entry points, it is important that we reclaim the volume profile in order to capture upside momentum. The upside target is the green box, depending on how many contracts you may be trading its a good idea to scale out as we advance into the box. The red arrow indicates a high quality short opportunity.
The golden pocket noted on the chart is pulled from the June highs and the July lows. This is a major GP zone, there will be a reaction.
The red line running across the top of the chart is a resistance line that has been pulled from the highs in May and June.
ZC1! Potential For Bearish ContinuationThe overall bias for ZC1! on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Price has reached our sell entry point at 661.75, where the 23.6% Fibonacci line is located. The stop loss will be at 685.25, just above the 61.8% Fibonacci line. The take profit point will be at 632.00, which is the 50% Fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 671.75
Pivot: 661.50
Support: 632.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the support line at 632.50 where the 50% fibonacci line is located.
Alternative scenario: Price may go back up to retest the pivot at 661.50, where the previous swing low is.
Fundamentals: There are no major news.
ZC1! Potential For Bearish ContinuationOn the H4 chart, the overall bias for ZC1! is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a sell entry at 662.75, where the 23.6% Fibonacci line is located. Stop loss will be at 685.25, slightly above where the 61.8% Fibonacci line is located. Take profit will be at 632.00, where the 50% Fibonacci line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 672.50
Pivot: 677.25
Support: 661.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. Overnight price had bearish momentum downwards with price currently trading at 666.50 at time of writing. If this bearish momentum continues, expect price to possibly head towards the support line at 661.50 where the previous swing low and 100% Fibonacci lines are located.
Alternative scenario: Price may go back up and head towards the 1st resistance at 672.50 where the 78.6% Fibonacci line is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.50
Pivot: 687.75
Support: 672.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the support line at 672.50 where the swing low is located.
Alternative scenario: Price may rise back up and head towards the pivot at 687.75, where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.50
Pivot: 706.50
Support: 675.00
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. Overnight price had bearish momentum downwards with price currently trading at 682.75 at time of writing. If this bearish momentum continues, expect price to possibly head towards the support line at 675.00 where the 78.6% Fibonacci projection line and 0% Fibonacci lines are located.
Alternative scenario: Price may go back up and head towards the 1st resistance at 699.50 where the 78.6% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 715.25
Pivot: 706.50
Support: 675.00
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Overnight price had bullish momentum upwards with price currently trading at 693.2 at time of writing. If this bullish momentum continues, expect price to possibly head towards the Pivot line at 706.4 where the previous high and 100% Fibonacci line are located.
Alternative scenario: Price may go back down to retest the support line at 675.00, where the 100% and 0% Fibonacci lines are located.
Fundamentals: There are no major news.
CORN SELL IDEACorn has been on a downtrend for some time and this bear market is yet to complete. From analysis I predict further from current zone to the green lined zones currently below market.
Trade at your own risk, I am not a financial advisor, just someone who shares ideas and planned personal trades!
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.25
Pivot: 661.20
Support: 674.00
Preferred case: On the H4 chart, we have a bearish bias. To add confirmation to this bias, price is under the ichimoku cloud which indicates a bearish market. Overnight price had a bearish momentum downwards and closed below the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the 1st support at 674.00 where the 38.2% Fibonacci line is located.
Alternative scenario: Price may go back up to retest the 1st resistance level
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bullish MomentumTitle: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 698.50
Pivot: 661.20
Support: 680.25
Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a small bearish retracement downwards. However, if this overall bullish momentum continues, expect price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located.
Alternative scenario: Price may go back down and close below the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located, and head towards the pivot at 661.50, where the previous swing low is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 698.50
Pivot: 661.20
Support: 680.25
Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a bullish momentum and went above the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bullish and head towards the 1st resistance at 698.50 where the previous high and 2 x 100% Fibonacci lines are located.
Alternative scenario: Price may go back down and close below the 1st support level and head towards the pivot at 661.50, where the previous swing low is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.25
Pivot: 661.20
Support: 654.20
Preferred case: On the H4 chart, we have a bearish bias with price under the Ichimoku cloud which indicates a bearish market, adding confluence to our bias. Price is currently consolidating along the 1st resistance line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue bearish and head towards the pivot at 661.2 where the previous low, 100% Fibonacci line and 78.6% Fibonacci projection lines are located.
Alternative scenario: Price may go back up and close above the 1st resistance level and head towards the 2nd resistance line where the previous swing high is located.
Fundamentals: There are no major news.
Corn Futures ( ZC1!), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.00
Pivot: 661.20
Support: 671.50
Preferred case: On the H4 chart, the overall bias for ZC1!, corn is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Price has tapped on to the 1st resistance at 680.00 where the 50% and 38.2% Fibonacci lines are located before closing underneath it. Expecting price to continue its bearish momentum towards the support at 671.50, where the 23.6% Fibonacci line is located.
Alternative scenario: Price may go back up and close above the 1st resistance level.
Fundamentals: There are no major news.
Corn Mini Futures ( XC1!), H4 Potential for Bearish Momentum Title: Corn Mini Futures ( XC1!), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 699.3
Pivot: 661.20
Support: 654.20
Preferred case: On the H4 chart, price has tested the 1st resistance line at 699.3 multiple times where the 20% and 78.6% Fibonacci lines are located. Price then retraced downwards with price under the Ichimoku cloud which indicates a bearish market. Expecting price to continue bearish and head towards the pivot at 661.2 where the previous low, 100% Fibonacci line and 78.6% Fibonacci projection lines are located.
Alternative scenario: Price may go back up and close above the 1st resistance level.
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 706.50
Pivot: 661.40
Support: 698.50
Preferred case: Corn prices have been rising since September 28, 2022. The price is above the Ichimoku cloud, indicating a bullish market. Price hit and bounced off the second support level at 680.4, which contains the 50%, 38.2%, and 61.8% Fibonacci lines, overnight. Price has now closed above the first support level at 698.50, which contains two 100% Fibonacci lines and one 0% Fibonacci line. If the bullish momentum continues, price may return to the first resistance level at 706.50, where the -27.2% and -20% Fibonacci lines are located.
Alternative scenario: Price may revert to the second support level at 680.50.
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 698.4
Pivot: 661.40
Support: 680.40
Preferred case: Since September 28, 2022, corn prices have been rising. The price is above the Ichimoku cloud, indicating that the market is bullish. The price moved strongly upwards, approaching the first resistance level at 698.4, which contains two 100% Fibonacci lines. Price then bounced off it and closed below the first resistance level. If this retracement continues, price will fall towards the first support level at 680.4, which contains the 50%, 38.2%, and 61.8% Fibonacci lines.
Alternative scenario: Price may go back up retest the 1st resistance before heading down towards the first support level.
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 696.25
Pivot: 661.40
Support: 680.50
Corn prices have been climbing since September 28, 2022. The price is above the Ichimoku cloud, which adds to the market's bullish bias. The price is currently consolidating along the 50% and 38.2% Fibonacci lines, which correspond to the first support level at 680.4. Corn has been rising with a strong bullish trend since last Friday. Corn is now trading at 688.4. If the bullish momentum continues, price will go towards the first resistance level at 696.2, which contains the 0% Fibonacci line and two of the 100% Fibonacci lines.
Alternative scenario: Price may retest the first support and go to the pivot at 661.4, which contains the 100% Fibonacci line and the last swing low.
Fundamentals: There are no major news.
Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.50
Pivot: 661.40
Support: 669.50
Preferred Case: Corn fell below the first resistance level at 680.50, where the 50% and 38.2% Fibonacci lines are placed. If the bearish trend continues, price could reach the first support level at 669.4, which is nearby the 78.6% Fibonacci line.
Alternative scenario: Price may retrace back up to the first resistance level at 680.4.
Fundamentals: There are no major news.