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Zc1

UPTREND SUPPORT SLIDING DOWN - CORN - ZC1! - 30MNWe have seen an up trending line hidden but being actually acting like a super strong resistance line stopping the market to go further up. Shall we see it like a regulated price for the Corn ? Not sure. But this line is clearly sliding and in a very regular way giving us a probability to see it sliding further. The black arrow are showing the sliding effect. We have marked with a red line the potential next break. if it breaks, there is a strong probability to see the market going down further to the next blue line down, following the logic of a next level of support from past history data. We have also market in green a potential break up, as the market decides at the end. But, that point can be seen as a probable good entry for a short position direction. A potential pullback down might occur as the candlestick in the red circle shows a brake in the uptrend. it is a signal. Huge volumes have been stopping the market from going up further. For the moment we stick to the possible short direction scenario.
CBOT:ZC1!Short
by Diallo_Charts_Ideas
A short and Long view on the Weekly chart - CORN FuturesMain items we can see on the chart: a) On the weekly chart, we can define 3 clear structures b) The first structure is the support the price is currently in c) The other 2 zones are the Targets we have either for the bullish or bearish movement d) Our Long view will wait for the breakout of the descending trendline (yellow line) and we will expect for a corrective structure on a lower timeframe after that e) The bearish scenario needs the support zone to be broken and then a corrective structure after that. The main target is the next support zone f) Both scenarios have good potential in terms of movement
CBOT:ZC1!
by ThinkingAntsOk
Corn’s Fib Objective for Reached at Seasonal Low?Grains tend to hit their seasonal lows here in early May, as we get into the critical May-June growing season. On the daily chart, corn has traded down from it’s 460’0 highs of last year, using a 50% HWB short at 402’2 to make the run down to it’s Fib objective of 316’6. With price and timing lining up for a bottom here, we are looking for 50% Half Way Back longs and are starting to see the “green shoots” of a rising market here, with a short-term long objectives of 327’6. Further upside will be necessary to challenge the new HWB short, setting up at 351’6, which is likely over the next couple of months. So, look to be long Corn, especially from prices close to the 310’0 level. And look to sell in the 351’6 - 363’5 area on a bounce into the HWB short area.
CBOT_MINI:XC1!Long
by CeresTrader
Corn Futures - Area Chart Analysis - Monthly ViewHello everybody, Here is my chart analysis for Corn Futures. Monthly timeframe & long-term vision. Since its historical top at 806'4 Corn is on a downtrend. Its bearish potential is really interesting. Nevertheless, 300'0 price level could be the next support. Indeed, Corn has been drifted in a range area between 320'0 & 440'0 since July 2014. If the actual price breaks this level, Corn could reach the 200'0 price level which has been hit several times. Between August 1998 & October 2005 but before also, I just don't have more space to show you that in this publication. However, Pay attention for a possible pullback on the 300'0 price level ! I hope you'll like it ! Follow me for Futures Chart Analysis ! Thanks & see you !
CBOT:ZC1!Short
by UnknownUnicorn4544564
CORN FUTURES (ZC1!) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
CBOT:ZC1!
by Dinjin
CORN FUTURES (ZC1!) WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
CBOT:ZC1!
by Dinjin
CORN FUTURES (ZC1!) MonthlyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
CBOT:ZC1!
by Dinjin
1
Long Term Prospects for CORNUSDThe CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in 2021. The Market is in a deep correction on the daily, with price above the 50 ema, which is below the 200 and 800 emas, with the long term emas pretty much right on top of each other and mostly flat, signaling accumulation / distribution. Price is topping out in the b-wave of a a-b-c sell-off. Expect price to trade back below 3.606 before putting in a bottom. There is a serious Seasonal nature to the Corn market. Prices bottom in early Spring and then shoot up in May time frame. The chart expected price pattern reflects that with what that means in terms of the Elliott Wave pattern. The Market was on the verge of being in a Bull Market on the 4 hour, with price trading back below the 50 ema, which is above the 200 ema, which is heading towards trading above the 800 ema. Price is now technically back in an correction. Would expect price to bang around here, testing emas, before turning down steadily in the c-wave of this correction. Probably open down next weeks, trade up towards the back end of the coming week to finish out an M-Top formation, before resuming the greater down-trend. This is my CORNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:CORNUSDShort
by Cincinnatuus
CORN futures: Cycles, 200MA cross and a double bottom“Hmmm, whats corn up to?” Glad you asked. Looks like harvest is upon us. All commodities are cyclical, and agricultural commodities are seasonally cyclical. The red cycle lines go back to when Noah came off the ark and so you could almost set this to your clock. Now I’m not about to speculate what market conditions cause the price to normally rise in corn; go ask a farmer that question. This year however seems somehow different. I am absolutely expecting the typical rise and fall that happens every year. However this year seems to have set itself up different from all other years. The Price action has crossed the 200 week MA and has just bounced off it proving its support. In the process creating a double bottom. The neckline of the double bottom indicated by the red dotted line will serve as our breakout point. Now I would not be in the slightest surprised that once it hits that neck line we get a failure and a return to the lower blue trend line. This condition will create a triangle, ultimately increasing the potential upward pressure that the price will see once the cycle hits. In 2015, 2016, and 2019 the rise going into the cycle peak was very sudden and I believe that the triangle could present a condition where the rush could really push this thing upward beyond the long term resistance at 4.22. From where the price is today we’re looking at ~10% return if we have a return to resistance at 4.22. However given a triangle, a change in trend indicated by the 200 week MA cross this could indicate a very savage rise.
OANDA:CORNUSDLong
by MadButcherWA
1