Update on Corn Futures: retrace, then next leg upThis is a follow up on this forecast:
Still bullish on Corn, after a surge up price retraced.
At this moment Corn is still in that retrace, but expect the next leg up soon.
Corn
Corn Bearish 2618 and Bat Pattern ConfluenceCorn has been strong but I like the idea to short here! It appears indicators will agree with this as well. Let me know what you think.
Forecast Corn Futures: Move up 385This is an update on a earlier forecast on corn futures.
The analysis remains the same: expect a move up to 385, then a retrace.
Expect Corn to run up in the coming weeksExpect Corn (Futures) to run up between January and March 2017.
CORN | Weekly ChartIt's arguably a similar case to the former on wheat... Buying within the lowest decile in a decade, a very asymmetric return distribution, a potential break-out of the down trend.
CORN, MONTHLY CHART, BUY, LONG-TERM INVESTMENT PLAN(11-DEC-2016)Long-Term Investment Opportunity:
Corn price is trading down since year 2013 and
the current price is near 8-year history low.
It is good to buy at the MARKET CYCLE LOW and
hold for long term.
Here are few ways to accumulate your long term
investment in Corn:
1. Buy now with little % as the price is already
quite low
2. Buy with more % when the price further drop
to 8-year history low level
3. Buy more % when price drop to 10-year
history low
Corn may be setting up for another move upCorn may be setting up for another move up. Price has found some support and some indicators oversold. watching TSI and ADX to see if they turn up with price.
CORN: Go long at market openWe should enter longs in CORN at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with.
There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move.
Good luck,
Ivan Labrie.
ZC: Corn has a new potential uptrend signal hereLet's add to longs at market open, there's a chance a second 'Time at mode' signal confirms on close here. Move all stops to Sept. 12th's low, and open a 1% risk long, if we don't retest the new entry stop on close, we can expect a rally to 364'6 by or before October 25th.
We should see a strong rally from here, and at least 3-4% more upside, before a pause in it.
This is an example of the type of work we do with my signals group, so if you're interested in a free 1 week trial, message me.
Good luck,
Ivan Labrie.
Commodities: Oil leading the pack and an interesting spreadWe have an interesting setup here, with oil suddenly breaking up above weekly resistance, and outperforming precious metals, I think we might see a shift in positioning towards oil, and a few laggards that show an increase in commercial long positions for some time according to the commitment of traders report.
I'm watching oats, rough rice, soybeans, corn and wheat here.
Powerful trends look to either stall, or shift down, like the ones in silver, gold, orange juice, sugar, coffee...If everyone already bought and is in positions, who is left there to buy and bid it higher?
Right now, my focus is seeing which commodities moved up for the day yesterday, and then examine the individual setups. I'll post the ones worthy of attention, but meant to publish this as a heads up.
You can read the tickers and the color code on the top left corner.
Feel free to leave comments below.
Cheers,
Ivan Labrie.
Corn: Potential time at mode signalIf Corn breaks above the August 19th high, it could be a good chance to enter longs risking a drop under yesterday's low. You can apply this idea to the front month futures, or to an ETF if trading stocks, remember to use the prices corresponding to these dates for your trade parameters.
If not filled in the short term, this idea is invalid.
Good luck!
Ivan Labrie.
SOYBEANS /ZS trend reversal started?soybeans and many other ags have rallied after dumping on the crop report and is possibly making a trend reversal after months of bearish action. I'm looking to pick up a long on a healthy pullback.
CORN at major pivot/support pointcorn at daily double bottom, long off this support level or short on a breakdown
Corn OpportunityMany signs of bullish, nice opportunity guys!
In the other hand remember that if the bullish channel is broken this hypothesis is discarded.
CBOT:ZC1!
Time to pick some CornCorn has broken and closed below it's wedge on a weeky time frame. We are looking for pullback triggers to get involved to the short side. Targets are identified and the stop will come from the trigger (on a 60 or 240 min chart)...NO TRIGGER, NO TRADE!
