Jun 9, 2021 Corn quick 5 pointsSnagged a quick 5 points at the opening of the DJIA. Corn passed up through the 30 HMA quite aggressively so it didn't take long at all to grab the 5 points and run. Nice start for the day.
XC1! trade ideas
Quick 28 points on CornTook advantage of the opening bell at 9:30am and profited me a quick 28 point gain on Corn this morning. Price action quickly moved down past my 30HMA and followed it down on the 5 minute chart and TP after 28 points. Great day making some daily cash.
Short CornMonthly reversal
HS (albeit crooked) on the daily with a retracement above the neckline and subsequent turn towards the downside.
Potential eager entry below the 5/28 bar or a sell-stop below the neckline.
BEARISH ON US CORN (HEAD & SHOULDERS)Bearish clues:
- Head and Shoulders
- General downtrend since begining of May 2021
- Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands
- Price broke down the 200 exponential moving average
The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel and next the daily support at $5.30/bushel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
SHORT-TERM BULLISH ON US CORNBullish clues:
- General uptrend since August 2020
- Price rebound on the lower band of the Bollinger Bands
- Price rebound on the 50 exponential moving average (support)
- Price rebound on the Kijun of the Ichimoku Cloud
- Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level
- Squeeze pattern of the Bollinger Bands in hourly time unit => price explosion to come + ascending triangle
Target:
The objective is the psychological level of 700'0 (resistance). This could possibly lead to a double top , as the bullish movement is losing its power.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not an investment advice
Corn Selloff May Worsen if 50-day SMA BreaksCorn 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.
Corn Futures Probable Decline, first to 560 then LowerLooking at corn July futures, we expect price to drop now to the 560 level. The orthodox peak was actually on April 27th where wave 5 ended near 684. The following rise to 735 was only wave B up of the overall downward correction, but it indicates that price is itching to go higher. 560 also represents a 38.2% retracement of the 5-wave rise of this thrust, which originated from a lower B-wave triangle. We expect that, after 560, price will recover near to the peak again and then fall still lower, reaching down closer to 61.8%. It will be inclined to hit the level of that 4th wave below.
As with other commodities such as crude oil, this rally from last year's bottom is itself only the upward part of a larger downward correction (a final C wave up of a larger B wave up, which will be followed by a larger C wave down) but may reach impressive highs before turning down again.
Short CornWe have already broke the trendline, but I think we might come back and hit that resistance one more time before coming down. This one might not play out but lets sit and wait, if we miss this opportunity don't worry always another day to catch some profits.
LONG after CorrectionCorn made crazy bull run and finally made nice correction to 0.236 Fib.
COT are still extremely bullish by huge net long positions by NON COMERCIAL .
Now I expect to move up for new high.
Buy anything callAm i looking at wrong, right? tell me i'm wrong..
We're in a really crazy world.
The Fed is announcing that there is no inflation yet, but this is bullshit. imo Crazy inflation is at the starting point.
If the price of raw materials goes up so rapidly, All prices are reflected in the market.
I don't know how much hamburgers will cost expensively in near future.
Seriously, consider investing in Bitcoin. It's okay if it's not Bitcoin.
Since it doesn't have to be Bitcoin, but buy an etf (qqq, tqqq, spy) instead.
I think it will be the last chance if the Fed gives the rate-raising card, and this will be the last dip to the market.
Fed cannot raise interest rates. Employment indicators are smashed. and This is a problem that cannot be solved forever.
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)
ZCK2021. Ags have been the market to be in.The ag's have been hotter than bitcoin this spring, and I've been so stuck in my little learner's bubble I barely noticed.
I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July.
This zone I have highlighted seems like a really friendly place to enter the market, however, I don't understand what is going on at the top, and if that is some kind of artificial capping done by market makers I absolutely don't want to be buying just under it.
What in the world is going on here?
🍿 ''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
July Corn Sell Idea175% crosses 2x1 line for a sell opportunity. Expecting a 2 day reaction before continuation.
corn is the smart money move since last july china had one of the largest corn purchases to date and largest purchases with the usa since 1980 something since august corn has been on a rampage and i expect it to keep going to new ath's.
So here we are... Trend continues. Palladium ATH today!Bulls exhausted the bears finally.
I got kicked out of soybeans and missed buying corn at the bottom of the triangle by little, I was too slow to decide and to look into it I think.
Commodities are going up. Gold not so much, investors are not interested.
But metals used in the real world, prices are all going up.
Today Palladium marked a new all time high.
Copper is 38 cents away from its ath, it retraced more than 90% only 6-7 to go.
Hard commodities like lumber got a lot of attention but while no one was watching food it kept going up.
And we got used to plentyful food, no one can imagine the west struggling to buy it, Corn & Soybeans are not far from ath.
China did an outstanding move by developing their financial markets (and conquering Hong Kong for its financial center - I'm just looking at the economics not here to argue about ethics & politics), to allow them starting to distance themselves from CME/American prices.
One has to admit regardless of what "side" they're on, that sometimes, when the leaders are intelligent, the planned economy can do something right.
Makes no sense to have irrational biases. If I offend someone well nothing I can do, just post silly indicators that no one made money from? Complete waste of time.
Less influence from the American economy in general, american commodity market prices, american fundamentals, american currency.
China got away from the building just before it collapses, just like in action movies where the fuse has 2 seconds left.
I really wish I didn't miss. I think I want to stay away from Corn as it has been the leader but I think Soybeans will be the next one.
Now all I have to do is wait for a pullback, around 1525 preferably.
I knew an explosion was imminent, but can't predict exactly when nor the random volatility.
This happens really often to me, being so right but missing out, I wish I had the ability to just buy a call for these.
Already rich people get that option, not me.
🌾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 omelets or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿
Over resistance, tested it as support and not gonna stop until it hits 900 this year.
the FXPROFESSOR 🌾
ps. if you like futures check our cotton ideas
This Corn Spread Can PopThis is a good spread to trade. If you’ve not traded Corn before, just read on, because this style of spread trading is interesting. It has both technical and fundamental aspects and is built on a history of good stats.
Corn has an annual crop cycle. It’s planted in April/May, subject to weather issues in the following months, then harvested for first delivery on the Dec futures contracts. The Dec contract is based on what they call the ‘new crop’.
But before then, there are other contracts still banging about.
Corn futures have March, May, July, Sep and Dec maturities. So any active contracts before Dec are based on the ‘old crop’, the stuff that was harvested last year.
So early to mid-year, we have a situation where some of the futures contracts are based on known supply and others (Dec and beyond) are based on the stuff that is still green. That young and growing crop is subject to uncertainty of weather and other growing conditions.
Spreads are great tools in which to trade shifting certainty. And with something like an annual cycle of growth and harvest, you build a database and look for what they call seasonal patterns.
The Trade:
Selling the Sep and buying Dec for a hold of several months, in the past has proven to be a very reliable trade.
In fact, optimized for timing, an entry during May and an exit early August has been profitable 95% of the time in the last 20 years.
For 2020, I like this spread now given the market is in backwardation. That means the near (short) month is trading above the back (long) month. Corn has had a great run up over the past few months and pull back might see that backwardation reverse to contango and move with the seasonal trend.
Stats:
19yrs out on 20yrs profitable. That’s selling the spread in May and buying back in August. Optimized timing of course, but still the numbers are good.
In the last 10yrs, profit has averaged about 10 cents, or $500 per spread. Drawdowns have been three figures also, aside from 2011-2013 when things went a bit crazy.
Trading;
This one has an exchange listed spread so entry, exit and GTC stops are easy.
For something like this, I would tend to start with a 3*ATR for a stop and see where it goes. Entries by way of selling into rallies.
Check your broker offers SPAN margining. If not, get a new broker.
Alternatives:
The same spread can be achieved by selling July instead of Sep. Some years that is a better option, some not. More often than not, it would carry more volatility (up and down).
Everything is set for a large bull run - Corn
Corn looks very bullish to me.
Corn has large gaps between support/resistance levels. That means when the price moves it moves fast.
Corn price has broken two resistance levels and broken out of a symmetric triangle to continue the bullish momentum. The large time gap between the previous high and the breakout could mean that Corn could move to the next level quickly as well.
This is not a financial advice, do your own research before investing.
