Corn: Looking For Higher PricesComments on the chart. Please not that the EW line on the chart is not to scale and I am just using it to depict what I am expecting to happen in therms of waves.
CORN trade ideas
CORN ...bullishafter long time the resistance is broken by corn and now we have a bullish candle above it...
buy
watching ...buyim waiting for candle closing on lower time frame...
buy after candle closing above the trend line
CORNNice price action just under the resistance zone which has been tested multiple times.
Pressure might be building up here prior to a breakout.
corn...watching for buy positionits so clear that chart dont like to go down...
watching for breakout toward upward and get buy position
CORNAt interesting location at the moment.
If market consolidates around this zone, will look to buy on breakout.
If market just break out without consolidating further, will just wait for pullback after breakout.
watching ...buycorn is under a strong resistance ...
buy after passing of this resistance (horizontal trend line)
CORN can't support bullish pricePrice couldn't break MA200. It coincide with a clear resistance level. Short til the next support, and waiting a break to project the short till 3.10.
CORN, MONTHLY CHART, BUY, LONG-TERM INVESTMENT PLAN(11-DEC-2016)Long-Term Investment Opportunity:
Corn price is trading down since year 2013 and
the current price is near 8-year history low.
It is good to buy at the MARKET CYCLE LOW and
hold for long term.
Here are few ways to accumulate your long term
investment in Corn:
1. Buy now with little % as the price is already
quite low
2. Buy with more % when the price further drop
to 8-year history low level
3. Buy more % when price drop to 10-year
history low
Corn may be setting up for another move upCorn may be setting up for another move up. Price has found some support and some indicators oversold. watching TSI and ADX to see if they turn up with price.
Corn Head & Shoulder Bottom Looks supported Is the bear trend over ?
Looks supported around 3.08 neighbourhood.
I am longing as per rules in my trading plan.
If pattern works out well, I hope to hold till December expiry --- 14/12/2016
weekly
