CORN possible moveNothing to say everything is clear
corn market may have a different technical behavior, lets see
CORN trade ideas
CORNF Our pivot point stands at 562.25.
Our preference:
target 546.25.
Alternative scenario:
the upside breakout of 562.25, would call for 567.50 and 570.50.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Corn (CME) (Z1) is trading under its 20 period moving average (557.08) but above its 50 period moving average (554.06).
CORN D1The harvest season has begun! The purchase of cereals has increased activity this year. The price of wheat is growing very well. The rise in corn prices also has good prospects! Although the harvests this year are not bad enough, it is logical that the price should fall during the harvest! But the excitement in the procurement market dictates other rules! Fears of a new wave of Coronavirus is forcing the world's population and major trading players to be careful! Large speculations can occur in the food market! Therefore, the purchase of raw materials at a basic price will be a very good investment for this year !!!
CORN - Time to Buy AgainAt 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
Reloaded:🌾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 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 800 levels this year.
the FXPROFESSOR 🌾
Corn: Not Looking Good At AllObservations on the chart. Perhaps sell the retest and failure of the nexkline. Of course it can keep on going too
Gotta Love Your CORN flakes, Tony 🐯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, you make my mornings Corny and my trades profitable, I Love you Tiger
🍿Corn- I like to call it Bitcorn (3% higher again today) 🌽🌮Corn is not a cryptocurrency, to begin with.
For some of you all you trade is cryptos. I could understand that up to a degree but it is SO wrong.
Cryptos should be a part of your trading/investing, you should always diversify and keep your eyes open for opportunities in other categories like commodities, shares, indices, etc etc
Well, here is the update on Corn, for those who work closely with me we managed to sell big on Thursday and Buy back on support on Friday..we touched perfection this time so let's keep it that way.
:) look at the previous idea(s) for our 900+ target price on Corn
the FXPROFESSOR
rally on corn futures ?we currently have an ascending channel pattern on corn futures .in order to trade this asset with low risk i will first wait for the daily close above resistance 2. wait for the price to pullback and test the backside of the broken resistance thus making it support 3. move to a lower timeframe (1h) for entry
Corn buysD1 uptrend
H4 wedge, with upside break-out retracement
Formation of smaller wedge
Price now at support
Corn Price has reached to its highest level since 2014Ascending channel in weekly chart is going to be broken soon, since RSI is 75, and RSI divergence has formed, technically we expect to see the price in lower levels soon but fundamentally it is still likely to go up to the end of march. But I doubt price goes up more than 600 since Argentina is going to terminate its export ban since the coming week and COVID-19 cases are going down gradually either in USA or China.
