CORN trade ideas
Corn Looking Aneamic - But How Low Is LowWith the breakdown in ethanol needs, general and feed lot demand, corn has suffered immensely. Recent favorable weather has also pushed the shine off the this juicy grain. From a fundamental point of view demand and exports looking to offer more support into later part of year, TA was looking good until recent sell off. The rally on 29th June shows how quickly the buyers can come back to market though. The drop 11th July however, shows how quickly contracts can fall. Overall, looking at 4 hour, long is my preference, given the higher lows, and higher highs since around the 29th April (from each large move not just the candles). That said I am careful of my entry point. For a riskier trade I would buy at today's price around $3.20, but I am also considering a wait and watch approach for a re-visit of $3 based on upcoming news. Fundamentals may produce more favourable yield results, but demand is set to return, and this may bring the buyers back for a snap rally - which is why I will avoid short positions at this multi year lower price point at this time.
CORN – Opportunity to buy for Long Position CORN:–
• Trend – Buy
• Present – Correction in Progress
• Buy Point – 0.618
• Expected Profit Target – 383.
Pop Corn rise 🦐After hitting an extreme support on the weekly chart the price has been moving up in a strong impulse.
Now after creating a falling wedge the market is trying to break above the resistance area for the next impulse up.
If the price will break and close above it we can look at the retest of the structure for a nice long order according with our rules.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger
Corn (Central Banks can print money but they can't print food!)View On Corn (19 JUNE 2020)
As the investors focus only on the FANGs, the movement on CORN is pretty dull lately.
We believe it is a blessing in disguise. it is time to get in slow and steady.
Central Banks can print money but they can't print food.
It should go to $3.4 region soon and ultimately $3.72.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Is this the biggest H&S ever :)Hi All,
What do you think about this formation?
Seems a huge H&S and corn is getting pretty cheap :)..
Possible retest of the neckline?
Thnx
Jad
CORNUSD - at first sight planJust spotted this one, might be interesting for the future, will monitor it. Plan details on chart.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
CORNOverall trend is down. A shallow pullback and rejection at previous support.
Opened short position.
Planned TP1 indicated on chart.
potentiel position acheteuse sur le mais Après 4 semaines d'observation du au COVID-19
(L'état de la récolte de maïs aux États-Unis en 2020 a diminué de 4% la semaine dernière pour s'établir à 71% . Six États ont indiqué que l'état du maïs s'était amélioré la semaine dernière, 11 États ont signalé que l'état du maïs avait diminué la semaine dernière. 2 autres États ont mentionné que les conditions étaient inchangées. La plupart des améliorations ont été constatées pour l’est et le sud du Corn Belt, tandis que la plupart des déclins ont été constatés dans les régions centrale et occidentale du Corn Belt.)
Le maïs a diminué la semaine dernière et compte tenu des prévisions de cette semaine à savoir des conditions principalement chaudes et sèches. vu ce constat ,vous remarquerez que l'on est dans un range depuis 2013 . les prix ont touchés la borne basse du range et le squeez 18 mai nous montre effectivement que les acheteurs ont la main à court terme et moyen terme .
Je prévois donc une position acheteuse jusqu'à 3.445$ objectif 1 matérialisé par la présence kijun weekly représentant également 50% de fibo moyen terme . Mais mon analyse sera potentiellement intéressante par le biais d'une confirmation de la chicou span en cassant les bougies du bas vers le haut . une fois le signal donné objectif 2 sera de renforcer ma positon jusqu'à 3.893$.
observation continue...
CORN (Every big thing has a small beginning!)View On Corn (10 JUNE 2020)
After all these years of trading/investing, we realize that good traders/investors possess a good grasp of these two things.
They are, Knowing what is going on in the market right now and knowing what is coming up next.
The price of corn has been bouncing around the range since 2008 and now it is at the lower band of that range.
In Addition, due to the global geopolitical situation around the world, we are witnessing the major disruption of worldwide economic mechanisms, and expecting the basic soft commodities price shall skyrocket in the near future.
That's why we are going to position ourselves on the very potential upside of CORN. This set up may or may not work out.
The move up may take some time but it should unfold soon. Every big thing has a small beginning
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
CORN (The UP trend shall take shape slowly)View On Corn (10 JUNE 2020)
Corn has met some road bump in its rally and it is in search for the next price discovery and push up.
I expect the push-up/support will come in near $3.18 region.
So, if you are looking into a buy. Please be patient first.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Corn: Long corn, stop short...I'm actually talking about the real commodity here. Interestingly it has a nice base and daily trend signal here, which has decent upside vs risk.
I'm long since last Friday, near the open using July corn futures. Looking for a move towards the target on chart in time.
This could be a major bottom, so, probably interesting to see if we can keep a part of the trade running for longer, provided it forms a continuation signal after hitting the target zone.
Cheers,
Ivan Labrie.
