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
ZC long above 540$I will buy corn futurese higher 540$, because this is very strong level and above this price everybody who sell from this level will close their short possision ("bears" will lose money higher this price) and all bulls start open their long possision so it should give us some impuls.Stopp loss not more than 2 $ and TP minimum 6 $.Good luck :)
CORN ACCUMULATION AFTER DISTRIBUTION!Hello my beauties.
I think the price of Corn is on its way to complete an accumulation phase. If the price breaches above the red trading range and successfully retests, I will enter a long position before the markup.
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Peace.
Luca, TrickleDownFX
Continuous CornA few things for direction on Corn after report. Some bias for more upside longer term, but the market has been saying not so fast lately.
US Dollar: Usually trends lower into major China export programs (more so for beans than corn as China usually does not buy much corn) Trends higher after export program concludes.
Some resistance ahead. A move lower would help grain exports….
COT: Commercial Net is tipping lower. Natural selling by farmer. (+)
Commercial Shorts could be reversing to add to positions, typically places a low. (+)
Commercial Longs have not been adding. Until they start adding I will remain neutral. (+/-)
Funds are adding to longs. (+)
**These indicators lag behind change in trends. But if we do trend after the report, It should help confirm a bigger picture scenario either way….
Continuous CornCorn – Weekly Cont: The 5.47 area had the most volume by price since the uptrend began. Did the recent bump give the Funds an opportunity to bail on their longs or does it prove to be an area of accumulation for funds and end users??? Weekly support at 5.21 needs to hold for the weak longs. Further key support at 4.98. Risk is 4.66-4.37. So far the cloud is acting as good support. Any further strength needs to see a weekly close above the 5.44-5.47 resistance. Initial target above 5.47 is at 5.88 and then 6.16.
Current “Market Structure” is very sensitive. Downside Risk is 4.37, Upside Risk is any posted number up to 8.81
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
Corn will find a new support around $500 It's a risky trade to buy or sell corn at this stage. Corn is at no man's land so it could either go high or low. We have seen corn go past $500 commonly after 2007 which was a rare event before.
I can't predict the future but I can see why corn will make new support in this region.
$550 - risky
$500 - good opportunity to buy
$450 - great opportunity to buy
$350 - buy corn with all your money. You will make a fortune.
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 🌾
December CornPossibly put the highs in for Dec Corn here...as shown in chart, we faded the gains from the bullish July USDA crop report (which showed lower acreage) on better weather forecasts after wknd of the 4th...weather maps less threatening in corn belt as of late and is bearish feature for the next few weeks should forecasts confirm. Condition ratings expected to increase. Spreads are firm though and there is some support from Bean oil as the Canola mkt is experiencing production issues due to ongoing drought. This feature could have potential to pull CZ higher but I believe the upside here is limited. I expect CZ to trade down to ~520 range and b/c range bound from there.
Corn Nears Critical Test - Will Bears Gain More GroundCorn prices are up against the wall after a sharp multi-month drop. The rising 200-day Simple Moving Average (SMA), along with an area of support from January to March trading, may offer bulls a chance to regroup. The MACD and RSI oscillators indicate downward momentum may win out, however. A break lower likely opens the door for further losses.
🌽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
How to make money online ?Now, before you get too excited about it, I am not selling you any course, products or even membership , haha. If you get spam mails, FB advertisments, text messages about how someone can make money earning 4, 5, 6 or even 7 figures income online, you know for a fact these things :
1. Millions of people have attempted to sell something online to make money
(Only the top 10% or lesser really make good money, many are just struggling)
2. The notion that it is advertised as easy, no need software, special domain knowledge and yet can make more money than a regular job has enticed many to part with their hard earned money to these smooth talking course providers!
I too had my fair share trying to hawk wares online but with limited success. I discovered unless you have a unique product that is in high demand (like this ), else you would need to have a differentiating point so that others would come and visit your site.
So, in the past, I would search online everyday, read lots of news and articles trying to be the first to find the Holy Grail product , affordable and yet within my means to do the business. It was an uphill, stressful task.
Then, after much hits and misses, I discovered trading and stock investment. Of course, I lost money , burnt my accounts thinking I could retire early (dreams some course providers would sell you)..... I did not give up for some reasons and persevere and am proud to say this has now become one stream of income for me. And the best part, I love this business.
You see, in stock investment, you need not be the first to discover the company. That would be like buying IPOs , some like Amazon and FB or Macdonald would made you a millionaire but how many has that kind of foresight ? The good thing is anybody can catch the train to this path and at your own budget , time and risk appetite. There is something for everyone, that's the beauty.
For example, late last year, I had plough aside some capital to invest in many commodities, from corn, wheat, soy, copper, silver ,gold to agricultural companies like Yihai Kerry, Wilmar, etc. I am thankful to God for he has once more blessed me abundantly.
It is all about demand and supply ! The more buyers for this commodity, say Corn, the more the prices will be push up.So, you can be a buyer or seller online unlike the traditional mode of making money online - you need to be a seller only (you buy from wholesaler or manufacturer and in turn sell to retailers for a profit).
And you need not put in a lot of capital to start this business, which is what I like about it. You can now buy shares in fractional shares, very affordable and with more brokers offering zero commission, you net profits is even higher if you get it right.
And getting this game right is not difficult - just follow the trend. By that , I mean think big picture - who is the biggest, most popular social media company globally? Most would say FB , right ? Or in China, it would be Tencent who owns wechat and many other apps. They monopolised the market and that is why the government now is taking action against them.
So, if you can't be an influencer with millions of followers to make the advertisment income, consider this option. There are tons of free materials online, videos , books in library, etc that can make you sounds like an expert. Then, there is of course, my favourite social site, TV which offers a plethora of services - cool charts to begin with and different authors for you to follow. You can cross check your own analysis with others and do paper trader for a while before you gain more confidence.
Oh, did I say you need not be licensed to buy or sell shares ? I mean, other than the legal age required and you are not a bankrupt, the barriers to entry is really really low. There is no requirement on your educational background, job titles you held before, etc. The janitor can buy FB shares just like the CEO of a MNC company. No discrimination here !
Give yourself the opportunity and if you have any questions, ask around TV. Many people would be more than happy to help, for free.
Have fun and enjoy the ride up ! Or down (if you are selling)
🍿 ''Bit''CORN keeps FLYING!🌽🌮🌾We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn.
Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target.
So, allow me to call it ''BitCorn''
ps. Fun fact :
''Corn has proven itself to be one of the most effective alternative energy sources, placing it in the ranks of coal, gas, wood, etc. Corn is an excellent energy source because the corn cob is very dense and slow burning.
Is corn an efficient energy source?
Corn ethanol seems like a renewable energy source — a source that cannot run out — because corn can be planted again and again, and the energy in corn comes from the sun, not a limited supply of coal or oil in the ground. ... Most of this energy currently comes from fossil fuels like coal, oil and natural gas''.
the FXPROFESSOR