CORN trade ideas
Corn can Test Resistance Levels
Hello friends, especially in the Agricultural Commodity Market :
Corn and Soybeans had been trading discounted for a long time.
I shared my prediction earlier because the Soybeans exceeded intermediate resistance.
That analysis continues (On related ideas)
Now it's time for Corn.
Because Corn just broke up its minor resistance,
under the influence of the buy signal.
When we look at the relevant Terminals
14 Weeks Period :
Autonomous LSTM Adaptive Period :
We can observe that it is being discounted.
It contains a very nice Risk / Reward Ratio.
So it can be tried with a low amount of position.
The parameters I recommend for this analysis:
Risk/Reward Ratio : 1/2.99
Position Size : % 1
Stop-Loss : 3.622
Goal : 4.435
Let us not go into heavy positions, if an otherwise sudden development occurs, we keep our lead when the conditions improve.
Regards.
CORNUSD - 6 months investmentIf CORN will manage to break upside, I'll invest some part of portfolio. At dashed TPs I'll be looking for pullback, offload some, and re-enter lower.
Merry holidays, whatever you celebrate!
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Long Term Prospects for CORNUSDThe CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in 2021.
The Market is in a deep correction on the daily, with price above the 50 ema, which is below the 200 and 800 emas, with the long term emas pretty much right on top of each other and mostly flat, signaling accumulation / distribution. Price is topping out in the b-wave of a a-b-c sell-off. Expect price to trade back below 3.606 before putting in a bottom. There is a serious Seasonal nature to the Corn market. Prices bottom in early Spring and then shoot up in May time frame. The chart expected price pattern reflects that with what that means in terms of the Elliott Wave pattern.
The Market was on the verge of being in a Bull Market on the 4 hour, with price trading back below the 50 ema, which is above the 200 ema, which is heading towards trading above the 800 ema. Price is now technically back in an correction. Would expect price to bang around here, testing emas, before turning down steadily in the c-wave of this correction. Probably open down next weeks, trade up towards the back end of the coming week to finish out an M-Top formation, before resuming the greater down-trend.
This is my CORNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
CORN futures: Cycles, 200MA cross and a double bottom“Hmmm, whats corn up to?” Glad you asked.
Looks like harvest is upon us. All commodities are cyclical, and agricultural commodities are seasonally cyclical. The red cycle lines go back to when Noah came off the ark and so you could almost set this to your clock. Now I’m not about to speculate what market conditions cause the price to normally rise in corn; go ask a farmer that question. This year however seems somehow different. I am absolutely expecting the typical rise and fall that happens every year. However this year seems to have set itself up different from all other years.
The Price action has crossed the 200 week MA and has just bounced off it proving its support. In the process creating a double bottom. The neckline of the double bottom indicated by the red dotted line will serve as our breakout point. Now I would not be in the slightest surprised that once it hits that neck line we get a failure and a return to the lower blue trend line. This condition will create a triangle, ultimately increasing the potential upward pressure that the price will see once the cycle hits. In 2015, 2016, and 2019 the rise going into the cycle peak was very sudden and I believe that the triangle could present a condition where the rush could really push this thing upward beyond the long term resistance at 4.22.
From where the price is today we’re looking at ~10% return if we have a return to resistance at 4.22. However given a triangle, a change in trend indicated by the 200 week MA cross this could indicate a very savage rise.
CORN - DAILY CHART Hi, today we are going to talk about Mosaic Company and its current landscape.
The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices.
Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs.
Thank you for reading and leave your comments if you like.
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"CORN going down" by ThinkingAntsOkDaily Chart Explanation:
- Price started its down move from the Major Resistance Zone.
- Price made a retracement towards the Middle Resistance Zone.
- Now, it should be strong enough to go down towards our targets to the Support Zone first and to the Major Support Zone then.
Weekly Vision:
Updates coming soon!
CORNUSD LONG TRADE - PRICE HAS RETESTED NOW GOING UPHey traders,
This is my analysis for Corn currently on the H1 charts.
We can see that corn was trading in this descending triangle pattern.
Price broke out then retested before holding strong.
MACD Bearish momentum also seems to be decreasing
Daily trade analysis and ideas:
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"Corn on a Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- On the Weekly Vision, price is in a huge lateralization, we see it has potential to move down towards the Support Zone.
- Now, price is on the Resistance Zone.
- We expect it to bounce from here.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
Updates coming soon!
CORN DAILY ANALYSIS - WHAT IS CORN DOING?Corn currently is stuck in the middle of this range. Nothing really to say here.
Corn is currently in the upward phase of the trading range after failing to reach the bottom of the range.
Best to wait for price to make a move at one of the orange S/R levels I have labeled.
There are plenty of other setups for commodities trading this week! Please see my related ideas. I have analysis on Gold, Natural Gas, Soybeans, and Sugar.
Daily trade analysis and ideas:
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ForexShinobi
An easy corn tradeType of position: Buy
Entry point: 3.58 or below
Exit point target: 4.48 (30% profit)
Time span: 287 days
You can enter some Corn CFD or use the Teucrium Corn Fund to make a similar trade.
There is a clear pattern in the last 5 years for trading corn. We have a low around the beginning of September and we are bullish throughout most of the year until mid-late summer. The average gain as seen on the chart for the last 5 years is 30% and the average bullish time span is around 287 days.
You can use leverage or options to increase the profit potential.
Moreover, there is a high risk of crops freezing in the US which can boost the corn prices even faster:
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"Corn is retesting the Resistance Zone" by ThinkingAntsOkDaily Chart Explanation:
- Price started its down move after bouncing on the Major Resistance Zone.
- Now, price is on the Middle Resistance Zone.
- If it bounces from here, it has potential to continue its down move towards the Support Zone and, then, towards the Major Support Zone.
- We are looking for sell setups on lower timeframes.
Weekly Vision:
Updates coming soon!