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Corn Futures ( ZC1! ), H4 Potential for Bearish MomentumTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 679.25 Pivot: 667.50 Support: 660.00 Preferred Case: Overall price is bearish on the H4 with a retail double top formed. Price is also below the Ichimoku cloud which indicates a bear market. Price has broken through and closed the pivot at 667.4 where the previous swing low is. Expecting price to continue this bearish momentum and head towards the 1st support at 660.0 where the 127.2% Fibonacci extension line is. Alternative scenario: Alternatively, the price may reflect off the pivot back up towards the 1st resistance Fundamentals: No major news
CBOT:ZC1!Short
by Genesiv
Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 679.25 Pivot: 667.50 Support: 660.00 Preferred Case: Overall price is bearish on the H4 with a retail double top formed. Price has broken through the 1st resistance at 679.25 where the 61.8% Fibonacci line is. Price could possibly retrace back up towards 677.6 where the 38.2% Fibonacci line and 1st resistance lie before heading down, breaking the pivot at 667.5 and then moving towards 1st support at 660.00 where the 127.2% Fibonacci extension line is. Alternative scenario: Alternatively, the price may continue heading down towards the pivot before bouncing back up towards the 1st resistance. Fundamentals: No major news
CBOT:ZC1!Short
by Genesiv
Corn Futures ( ZC1! ), H4 Potential for Bearish MomentumTitle: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 698.50 Pivot: 667.50 Support: 679.25 Preferred Case: Price has reflected off the first support level at 698.50 on the H4 and appears to be descending again to test it. watch for the price to cross the first support level and go toward the pivot at 667.50, which is where the previous swing low lies. The chart appears to be constructing a double top with equal highs along the first resistance, which adds another confluence to this bias. Alternative scenario: Alternatively, the price may bounce off the first support and continue moving back up toward the first resistance. Fundamentals: No major news.
CBOT:ZC1!Short
by Genesiv
Corn Futures (ZC1!), H4 Potential for Bullish RiseTitle: Corn Futures (ZC1!), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 710.4 Pivot: 699.4 Support: 679.25 Preferred Case: On the H4, the price has bounced off the second support at 668.25 which is at the 78.6% Fibonacci retracement line, and went above the first support at 679.25. Price has also gone above the Ichimoku cloud which indicates a bullish bias. Looking for price to continue bullish to hit the first resistance at 710.4 where the -27.2% Fibonacci expansion lies. Alternative scenario: Alternatively, the price could bounce back down from the pivot structure and drop to first support to 679.25, where the 50% Fibonacci retracement line sits Fundamentals: No major news.
CBOT:ZC1!Long
by Genesiv
ZC Potential for bearish momentumType : Bearish Drop Resistance :681.75 Pivot: 688.00 Support : 668.25 Preferred Case: On the H4, with the price reflecting off the 61.8% Fibonacci retracement line and the price being inside ichimoku cloud, we have a neutral bias on corn. price could back to 668.25 where the previous swing low is. Alternative scenario: Alternatively, price might go back up towards the pivot line at 688.00 Fundamentals: Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to climate change, United Nations-affiliated campaigners said in a new report. (Farm and food investors face $150 bln loss on climate change)
CBOT:ZC1!Short
by Genesiv
Corn Shortage! Blah Blah BlahThis week has brought about news on the projected corn yields dropping marginally, which in turn, is pushing this beast into higher territory. As we check out the chart we can see we have a significant golden pocket that will act as the Berlin Wall for corn. Prices below the golden pocket will act as East Berlin, controlled by the soviets during the Cold War. Trapped in a descending trend. If corn manages to push past the golden pocket + trend line resistance, corn will now be on the west side of the Berlin Wall. Free to explode into the June highs of $7.5. In this analogy, I personally think that the soviets will maintain control and rule over corn until harvest is over. Corn harvest has started in the south and will continue into Nov. As we harvest we will have more corn in the bins and ready to use. Which will lead to lower prices IMO. Simple supply and demand. Based off of the chart technicals, I am even more confident in saying that corn will be rejected because of where the GP and trend resistance lays. Once price reaches those levels I am expecting to see a bearish divergence on all three oscillators, and then I will go short big time. This could be a multi-month trade. But as always take profits on your way at key targets. Major short target: $5.70-$5.30
CBOT:ZCZ2022Short
by farmtrader15
3
ZC / Corn futures ZC / CORN FUTURES About FUNDAMENTAL ANALYSIS. ---We are now in the corn-demand zone and there are many factors supporting the buying. 1-The Ukrainian war. 2- - dehydration. 3-The rise in the price of oil will lead to a rise in the price of transportation. About TECHNICAL ANALYSIS --- we look at (" Sell VOLUME ") and ("Sell pressure") is in decreasing , Volume drives all markets. About Psycho- --- The short sellers start to take their money from CORN market because of a psycho- demand zone.
CBOT:ZC1!
by Gassem_futures
CORN FUTURES SELL CALL OUT BY JOHN THE FOREX GUY!NB Watch the video I published on corn sell I explained my trade in more details. I will give you an IDEA/EXAMPLE how I am taking this trade lets base this on a $100 account: (A) Open 1x position SELL (B) Stop loss -$5.50 (5.5% loss of $100) (C) Take profit +$25.00(25% profit of $100) Disclaimer I not a financial advisor I am simply a retail trader sharing my trade where I entered, plan to exit loss and profit so always do your own research before committing/investing your money.
CBOT:ZC1!Short
by b522c56f985c4db38e69230ce2cc1a
13
Continuous Corn - WeeklyContinuous Corn - Weekly: **The big red bar down this week is a bit exaggerated as this chart has rolled to chart against the Sep with a 1.20+ inverse. Nonetheless, corn is still down .50 +/- for the week. The 6.16 low hit the trendline, time will tell if this holds. Should we see a bounce from here the first test will be at 7.05 to 7.20. Primary targeted area at 7.72 to 8.00. Extended potential above 8.24 at the 8.50 area. IMO, we will need the reality of production cuts to see new highs, not just a weather forecast.
CBOT:ZC1!
by mtb1980
Corn: Pitch forks at playContinuous Corn – Weekly: Up trending vs Down trending Pitchforks – Continued from 6/2/22… Up until two weeks ago it appeared that cash corn was going to follow the green bars up with the up trending pitchfork. The July/Sep inverse was a big challenge and the move lower just killed the chance for the continuous chart to maintain upward momentum. Currently the Sep corn leading the continuous chart and is looking for support against the median line in the 6.00 to 6.08 area. If we can catch a bounce look for resistance against the lower level blue line up into the upper level red line. Retracements in the 7.00 to 7.50 area will match up against the pitchfork resistance zones. Below the median line offers support around the 5.45 area
CBOT:ZC1!
by mtb1980
Corn spreadsContinuous Charts: Top – Front month to next deferred month Spread Underneath is Front Month continuous Rule 1: Carry spreads have limits, Inverse spreads have no limits… In the past 25-30 years we have seen 6 very strong inverted markets. Each inverted market lasted between 3-6 months and often times carried a bullish market reaction. When the inverse disappears, usually the corn market loses it’s bullish strength… None of the above inverses lasted past September. So on one hand history is strong to say that Dec/March spreads should be safe to hold some carry. But on the other hand, inverses have no rules. Risk-Reward: Don’t look to be a hero on Dec/March spreads, waiting to pick up another .05 - .07 of carry may not be worth the risk when there seems to be potential for .20 to 1.00 inverses on the table.
CBOT:ZC1!
by mtb1980
Technical Update for July CornCorn (July) Technicals: July corn futures were able to chew through significant resistance during yesterday’s session, which has opened the door for an extension towards our next resistance pocket, 769-773. This pocket represents the lower high from the end of May, as well as the 50-day moving average. If the Bulls can keep the momentum going and chew through this resistance pocket, a retest of the psychologically significant $8.00 handle wouldn’t be out of the question. Bias: Neutral Previous Session Bias: Neutral/Bearish Resistance: 769-773 ½***, 789 ½-790 ½**, 800-803 ¾** Support: 747-753****, 729-733**, 716-720 ½****
CBOT:ZCN2022
by OliverSloup_BlueLine
Crude oil, Dow Jones, and Soybeans: Many things are currently driving the bullish Ag markets. Oil/energy are heavily weighted in providing this bullish enthusiasm. The supply and demand for Corn and beans will be directly and indirectly impacted by Oil/energy markets. Energy Markets have the potential to react hard and fast on diminishing economic data. A strong economy should keep Oil and Ag Markets elevated to potentially extremely high levels. A soft economy (using DJI as a gauge) moving into recessionary mode, will kill oil demand and take down Ag markets for some time as well (as it did in 08’). I don’t know for sure what to expect for our economy, sensitive and volatile ahead… 23’ Corn and Beans are in Pickle. Inputs are expected to rise considerably so naturally we want today’s Cash prices (or better) for a more expensive 23’ Crop. It’s hard to price something (23’ crop) that is $1-$3 below the current Cash Market. But when this drops, the markets won’t ask you for your costs of production before dropping… Don’t fall asleep on multiple crop years, especially if we see “Blow off Top” activity in Oil and old Crop Ag markets.
Editors' picks
NYMEX:CL1!
by mtb1980
4
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.
FX:CORNFLong
by SonicDeejay
Corn: 2 possible scenariosAn attempt to show potential paths that corn could take. • Currently have an up-trending pitchfork (blue): If corn respects trend line support and makes another run up, the trajectory could warrant a move above $9.00 into mid July and into August. Sep Corn will have some work to do to chew through the large inverse but it can be done. The green bars illustrating the move is a ghost feed from this same time frame on 2012’s move higher. • The down-trending pitchfork (red) will make an attempt to it’s own median line at 6.11 and could theoretically make that move into last half of June (July contract). At this point we could se an attempt back up to compete with recent highs. So what to do. New crop (Dec22) will follow the course of front months, so use continuous chart to help make decisions on new crop. On a break above the upper level downtrend line on the red pitch fork (following the green ghost feed) start looking at selling physical, buying puts, selling option premiums (spreads…), etc On a move below the lower level up-trending blue pitchfork, look for support to re own or buy courage calls (against the red ghost feed). Keep targets on a recovery at retracement’s just below the high mark and be ready to lift out of calls or roll up calls in that area. Buy puts on the recovery to get 100% priced and protected. All of this is in theory and not necessarily a decisive game plan. Just wanted to share some thoughts...
CBOT:ZC1!
by mtb1980
1
Corn - Monthly continuous Last years high of 7.35 met the median line of the long term pitch fork and turned lower. This year we have met the median line again with a high of 8.24. It appears that the median line has strong resistance. The momentum indicators (RSI and Stochastics) are turning lower. The divergence in lower pivots this year on each indicator accompanied by higher highs in corn cautions of a potential change in trend. **Cautiously Bullish Corn, this chart is the reason to be cautious**
CBOT:ZC1!
by mtb1980