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ZC1! trade ideas

ZC Long trade analysis with SeasonalityMarket Structure: - ZC looks like forming a Ascending Triangle pattern which is not perfect, also looks like Rounding Bottom - Higher Lows shows Bulls are willing to buy at higher price - The Ascending Triangle/Rounding Bottom are sign of Accumulation phase - R1 is strong Weekly Support level since 2015 Seasonality: - Corn tends to peak at the middle of year (May to July) according to CME seasonality chart. Link: www.cmegroup.com - This has been true for the past 5 years since 2015 Strategy: - I have strong feeling, ZC going to break above in coming days - I anticipate to go Long on the first pullback - Short term target profit at R2. Long term target profit at R3. Notes: By using seasonality chart, it increase the probability of trades, especially it has been follow the same patterns over past 5 years However, anything is possible in market, especially during market recession. Welcome to comment below your thoughts.
CBOT:ZC1!Long
by TurtleTrader3
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
THE WEEK AHEAD: SNAP, NFLX, IBM EARNINGS; /ZC, /CLEARNINGS: IBM (63/54) announces Monday after market close. SNAP (92/102) announces Tuesday after market close. NFLX (66/70) announces Tuesday after market close. EXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK/PERCENTILE SCREENED FOR RANK >50/IMPLIED >35%: XLU (77/47) GDXJ (77/84) GDX (67/65) SLV (66/45) TQQQ (63/111) USO (62/112) XLE (59/70) EWW (58/54) EWZ (53/69) XOP (59/91) BROAD MARKET EXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK/PERCENTILE: IWM (72/54) QQQ (47/38) SPY (45/28) EFA (44/31) EEM (41/36) FUTURES ORDERED BY IMPLIED VOLATILITY RANK/PERCENTILE: /ES (44/40) /NQ (47/39) /YM (51/13) /RTY 72/53 /CL (62/130) /NG (94/71) /GC (67/27) /SI (66/43) /ZC (57/28) /ZS (33/17) /ZW (27/31) Notes: Pictured here is a /ZC August 21st 310/330 long call vertical, currently trading at 11.25 with a break even at 321.25 versus 321 spot. Ideally, you'd want to put this on with at least make one/risk one metrics, which would occur if the spread priced out at 10.00 even or below. /ZC is tantalizingly close to those August 2016 lows at 310 '06 ... . Another future worth mentioning here: /CL. As I write this post, the May contract is currently trading at multi-year lows at 15.09, with the June contract trading at 23.66. May drops off this week with the question being how low the June contract will go. I continue to look to sell puts on weakness in the active contract at or below $20. VIX/VIX DERIVATIVES: VIX finished the week at 38.15 with the /VX term structure in backwardation.
CBOT:ZC1!
by NaughtyPines