✅CORN TIME TO SELL|SHORT🔥
✅CORN has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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ZC1! trade ideas
CORN FUTURES Swing Short! Sell!
Hello,Traders!
CORN has reached a massive horizontal resistance
Which happens to be an all time high for the commodity
And so we are already seeing a bearish reaction
Which I think will continue and the price
Will retest the local support below
Sell!
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See other ideas below too!
Corn Futures ( ZC1! ), H1 Potential for Bullish bounce Type : Bullish Bounce
Resistance : 801'6
Pivot: 791'4
Support : 783'0
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791'4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.
Fundamentals: No Major News
USA Corn Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 782'4
Support ': 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782'4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 784'6
Support : 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784'6 in line with the horizontal swing high support and 38.2% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement .
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 791'0
Pivot: 784'6
Support : 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 784'6 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 785'4
Pivot: 777'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767'2 in line with the horizontal pullback support from our pivot of 777'0 in line with the 50% Fibonacci retracement and horizontal overlap resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 38.2% Fibonacci retracement .
Fundamentals: No Major News
Corn Futures ( ZC1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 785'4
Pivot: 777'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 767'2 in line with the horizontal pullback support from our pivot of 777'0 in line with the 50% Fibonacci retracement and horizontal overlap resistance.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 38.2% Fibonacci retracement.
Fundamentals: No Major News
Corn Futures ( ZW1! ), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance : 783'4
Pivot: 778'0
Support : 767'2
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the 78.6% Fibonacci retracement and horizontal pullback support from our pivot of 778'0 in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the pullback resistance.
Fundamentals: No Major News
Corn Futures (ZL1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 794'0
Pivot: 790'0
Support : 783'4
Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level which is in line with 23.6% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of in line with the horizontal swing low support and 161.8% Fibonacci extension.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance in line with the 38.2% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Corn and Rate of Change PotentialCorn – 3mo Continuous: Comparing our current Bull market with the previous 4 major bull markets of the past 50 years. Previous price action on charts are often used for support and resistance. I like to look at rate of change during certain periods. Currently the 24 mo ROC is at 140% and compares to the 95-96 and the 11-12 rally’s. The previous all time high on corn was 8.43 in Aug 12’ and will act as resistance. If we look at potential price above 8.43, the ROC from 71-73 can be used to project potential up to the 9.50 area. If we use the 06-08 ROC that projects price up to 11.35.
**Disclosure** Do not take this as trading advice. The potential is there for 9.50 to 11.35 Corn, but anything could keep us from getting above today’s High.
Corn Future (ZC1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 807'4
Pivot: 800'2
Support : 789'6
Preferred case: With price moving below the ichimoku cloud and the descending channel, we see a potential bearish continuation from our pivot level of 800'2 which is in line with 38.2% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 789'6 which is in line with the horizontal pullback support and 61.8% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 807'4 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Corn Futures (ZC1! ), H1 Potential for Bearish MomentumType: Bearish Momentum
Resistance: 814'4
Pivot: 807'4
Support: 795'4
Preferred case: We see the potential for a bearish dip from our pivot level at 807'4 in line with 38.2% Fibonacci retracement towards our 1st support level at 795'4 in line with 50% Fibonacci retracement, 61.8% Fibonacci projection and -27.2% Fibonacci expansion.
Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance level at 814'4 in line with 78.6% Fibonacci retracement.
Fundamentals: No major news.
Corn is exhausting We have had an amazing commodity run for 2 years, fundamentals are pointing every which way for individual ag coms, as they often do at turning points In the group. BUT the charts are always objective (if your reading them right,) but thats why were here right?
Quarterly:
- Hovering at 15 year highs. Resistance? Time will tell.
Monthly:
- This most recent high is not significant as compared to its predecessor, Also has smaller candles indicating slowing momentum.
Weekly:
- Starting to chop sideways.
- Volume falling as price rises during the last 3 candles.
- Macd divergence from previous highs.
Daily:
- Sitting right at the top of the Keltner Channel for its timeframe.
Wait for trend change confirmation, at least on the daily, before entering.
Enjoy the ride.
Zinc Futures USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
FOOD CRISIS bad for stocks?There has been a lot of talk since the Ukraine - Russia war started that the rising prices in the agricultural sector will cause a new Bear Cycle in the stock market. Commodities have been rising across the globe as a result of an inflation build up in recent years, accelerated by the COVID pandemic, but with agriculturals in particular, the story is a little different.
This chart illustrates Corn (blue trend-line), Sugar (orange), Soybeans (teal), Oats (black) and in the pane below them is the S&P500 index (green trend-line). As you see, even though price rallies on the agriculturals have caused minor (from a long-term perspective) pull-backs on S&P (as they did in February/ March), they only coincided with a Bear Cycle in the 2007/08 Bear Cycle, which of course was caused by the subprime mortgages.
So the conclusion we can draw is that global indices' reaction in February/ March with a strong pull-back, was very natural based on the long-term historic action. A Bear Cycle has to have a strongest macro-economic catalyst, strong enough to affect the fundamental structures of the capitalistic/ monetary system that supports the stock markets.
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Corn Futures ( ZC1! ), H1 Potential for Bearish ReversalType : Bearish Reversal
Resistance: 778'0
Pivot: 772'6
Support : 762'0
Preferred case: We see the potential for a bearish reversal from our pivot at 772'6 in line with 61.8% Fibonacci retracement towards our 1st support at 762'0 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading at resistance level.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 778'0 in line with 61.8% Fibonacci projection and 161.8% Fibonacci extension.
Fundamentals: No major news