CORN - KEYLEVELS - 2DHere I am neutrally bullish, we see a (possible) double bottom, which if it breaks the next level of resistance, could bring buyers and even greater interest.
On the other hand, we must take into account that this correction is normal for grain, taking into account that the situation in Ukraine has calmed down and grain exports have resumed, thus all that growth since the beginning of the war, has now been closed and completed by a correction.
The price is also decreasing due to the fact that the grain harvest was done in August-September and the stocks are full, but with the time when we get closer to spring, the prices must rise again.
CORN
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!
It's Corn! - Long and juicy for upsideCorn future is looking almost perfectly ripe for the picking.
Cup and Handle forming nicely and just waiting for the breakout.
RSI broke out of its downtrend bearish divergence and has bounced on the new support - showing more upside to come.
Then will be an easy long (buy) to hold.
Stop loss will be just under the Handle and the take profit will be 2X risk...
It's corn!
Corn (Central Banks can't print Food)View On Corn (6 June 2022)
We are seeing some possible bottoming signs, and we shall see a lot higher price pretty soon.
So, it is better to buy in slowly and accumulate them.
Tip and Toe.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
CORN SHORTS 📉📉📉The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those.
On a long-term perspective i am still bullish based on the fundamental context.
What do you think ? ..
🌾CORN - BitCorn is Back🌽🌮🍿Last year we bought because of inflation.
This year things are even more serious, there is a war between Russia and Ukraine.
Column: Concerns rise over Black Sea spring crops amid Russia-Ukraine war: www.reuters.com
Looks like Fajitas and Tacos🌮, Kellogs frosties 🐯 and other cereal , corn on the cob 🌽, even go ''pop'' in the cinema🍿 might become expensier. On a more serious note, poverty will hit some and food will become a luxury for some.
Sad but true. Scary...
May logic prevail,
the FXPROFESSOR 🌾
Golden Cross Could Prime Corn Prices to Break Resistance Corn prices may soon receive a major technical boost by way of a Golden Cross formation, with the 50-day Simple Moving Average (SMA) on track to cross above the longer-term 200-day SMA. That may help prices to pierce above a descending trendline stemming from the 2021 swing high.
CORN - Time to Buy AgainAt this stage I have the confirmation to buy in again. Not much to say, just look at the previous ideas for the fundamentals.
Trends and patterns in grain auctions, local meat production and corn production are all indicative of stronger grain demand by China in the coming years, reported S&P Global Platts.
reference
Reloaded:🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿. Also your cornflakes Tony🐯, yes!
Over resistance, tested it as support and not gonna stop until it approaches the 800 levels this year.
the FXPROFESSOR 🌾
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W
Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III .
ZC1! : 🕐 1W
The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern.
CORNUSD :🕐 1D
When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Gotta Love Your CORN flakes, Tony 🐯Corn baby, CORN!!!
We have talked about Bitcorn, since Corn has been rising faster than Bitcoin.
We talked about pop-Corn and watching Corn rising like Superman
Well, it's time to stock up on your Kellogs people. This Price is going to 900 (check our previous idea below)
the CornProfessor
ps. this is my favorite breakfast: www.kelloggs.co.uk Thank you Tony, you make my mornings Corny and my trades profitable, I Love you Tiger
Everything is set for a large bull run - Corn
Corn looks very bullish to me.
Corn has large gaps between support/resistance levels. That means when the price moves it moves fast.
Corn price has broken two resistance levels and broken out of a symmetric triangle to continue the bullish momentum. The large time gap between the previous high and the breakout could mean that Corn could move to the next level quickly as well.
This is not a financial advice, do your own research before investing.
Corn Price has reached to its highest level since 2014Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19 cases are going down gradually either in USA or China.
Corn Looking Aneamic - But How Low Is LowWith the breakdown in ethanol needs, general and feed lot demand, corn has suffered immensely. Recent favorable weather has also pushed the shine off the this juicy grain. From a fundamental point of view demand and exports looking to offer more support into later part of year, TA was looking good until recent sell off. The rally on 29th June shows how quickly the buyers can come back to market though. The drop 11th July however, shows how quickly contracts can fall. Overall, looking at 4 hour, long is my preference, given the higher lows, and higher highs since around the 29th April (from each large move not just the candles). That said I am careful of my entry point. For a riskier trade I would buy at today's price around $3.20, but I am also considering a wait and watch approach for a re-visit of $3 based on upcoming news. Fundamentals may produce more favourable yield results, but demand is set to return, and this may bring the buyers back for a snap rally - which is why I will avoid short positions at this multi year lower price point at this time.