At 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
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...
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...
Possibly 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...
Corn 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.
7.4.21 MoneyBags' trades: soybeans corn gold Part 1
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...
Corn futures (ZC1!) just came off the highest monthly RSI print since 2008 around an 82 handle. We're likely going to see a vicious correction in the near term. Seems like everything is on the verge of a major correction at this point. I wish the Fed luck...
Corn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.
BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
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,...
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...
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...
Corn probes above $6 for the first time since 2013 Farmers will favor beans Keep an eye on gasoline and ethanol prices Corn continues to pop going into the planting and growing seasons- It’s all about the weather Backwardation as the market has high hopes for 2021 output In late April 2020, the corn price fell to its lowest level since 2008 when the...
Corn seems to be in the final stage of a bullish run here. In terms of % gain, it is almost at the psychological 100% increase area from Mar'20 low. Short risk exposure is becoming more risky at these levels. With another push higher, some decent supply inflows are expected.
Corn continues to trade along the lower end of the trend channel. Both daily and weeklies are still on the uptrend but watch carefully as some of the momentum indicators continue to flatten. On the fundamental side, erratic weather patterns in South America and continuous large demand from the Chinese continue the bullish case for the corn and the grains...