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Corn (CRN) / US DollarCorn (CRN) / US DollarCorn (CRN) / US Dollar

Corn (CRN) / US Dollar

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CRNUSD trade ideas

Corn - Looking Stronger BuyI have been hovering over the buy button on corn past week. Wasn't convinced enough to enter, and now heading back to Fib retracement towards $4. The closer to this the stronger chance of a rally - from either fundamentals coning out due to crop damage and lower yields, and also some technical short closing since last rally. Keeping in mind the August report, there could be some positioning before here too from fund managers, adding to volatility. That said, if crops are seen as doing well, with ample inventories, and no substantial buying even though China tariff waiver, prices could continue the current short term bearish trend and breeze through $4 down to $3.80. RSI already showing oversold on shorterm though with possible technicals support current prices and allow for some upside. Overall still see risk to upside despite last week's drop.
OANDA:CORNUSDLong
by KevinOrchard
Corn - Leaning Towards Nice Long TradeI feel corn is an easy trade at moment. If we look at 4.29 as a kind of average way point at the moment. If it shoots above that with more news of more crop issues in US, look for an overbought RSI to short or jump on the long train if feel confident. There are uncertainties of the amount of acreage planted, and extended heat causing further crop damage, but there is a good harvest in South American (from my understanding) But if cooling this week ahead, and crop acreage isn't as bad as people thinking, could be a price breakdown below $4. Basically, prices below that way point of 4.29 I wouldn't short, and above that I wouldn't long. I want to see some fundamental reason for long or short. Though if wanted to place a position at start of week, I would open a long with low risk equity position. I feel that risk is to upside at moment, with some bullish news easily pushing to $5. Though over this, demand side reduction could occur, so if it gets there, a short position should be considered. Unless some overly bearish news, I don't see any huge price drops, and see support around that current $4 - $4.29 level, I see this as an easy long trade (unless fundamental breakdown)
OANDA:CORNUSDLong
by KevinOrchard
"Short Setup on Corn (ZC1!)" by ThinkingAntsOk4 Hour Chart Explanation: - Price bounced on the Resistance Zone (check it on the Weekly or Daily Vision). - Price broke the Ascending Trendline. - Price is, currently, on a Bearish Corrective Structure (ABC Elliot Count). - If it breaks it at 4,215, the Short Move will be started. - Our targets for that down move are the two Middle Support Zone and, finally, the Weekly Support Zone. Check our Weekly and Daily Analysis. They can be really helpful for you! Weekly Analysis: Daily Analysis:
OANDA:CORNUSDShort
by ThinkingAntsOk
$CORN/USD might face serious uptrend. This is not technical analysis but its more likely related with the CoT report which shows potential short on commercials and long on speculators. The reason I believe we will have uptrend: 1. CoT commercials are short as they used to be back in August 2010. 2. There are significant floods in US which devastated the crops. 3. It already broke the descending triangle. What could go wrong: 1. We had same position on CoT traders in May 2018 which led to drop in the price. 2. US could import corn. However, I am still bullish on this one and the potential trade will be: Entry point 4.62, TP: 5.30 - Hedge or SL:3.95-3.85 CoT data in the comments:
OANDA:CORNUSD
by Marto_Jekko