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Corn Futures in Dollars

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MAI.ROS1! trade ideas

Corn - July22 DailyPrice action mostly in a consolidation or sideways channel between 6.93 and 7.47. Most volume by price in the 7.20-7.30 area. Accumulation ahead of a breakout above, or distribution ahead of a break down below??? Support below at 6.65 with risk identified in the 5.85 to 6.15 area. Using the current high to low retracements, the next primary target above is the 162% retracement at 7.80, that would nearly match the May contrtact’s high at 7.82. Above July corn looks to 8.00, 8.34, and 8.54….
CBOT:ZCN2022
by mtb1980
Corn - Weekly ContinuousPrice stalled out in the bull trap area between 7.66 and 8.00 after placing the 7.82 high. Bull Trap- Mark a new high and clear out any stop orders above previous highs but fail above in the 113%-127% retracement area. Open interest has been trending lower since last year’s breakout into this bull market. Funds are near record long already but with the amount of money in all markets, it should not surprise to see more fund length enter our commodity space. I feel that the end users control this next move. If they feel the pressure to extend their coverage, I expect the Funds to follow their lead and enter the long side of this market. Any extension to open interest should be positive to Corn prices…. Support 6.97 then 6.45. Resistance 7.66, 7.82, with targets above at 8.32 and 8.82
CBOT:ZC1!
by mtb1980
Corn Futures (ZC1!), H1 Potential for Bearish Dip!Type: Bearish Dip Resistance : 754'6 Pivot: 747'0 Support : 733'0 Preferred case: We see the potential bearish dip from our Pivot at 747'0 in line 38.2% Fibonacci retracement towards our 1st support at 733'0 in line with the horizontal swing low support. Our bearish bias is further supported by how price is expected to reverse off the ichimoku cloud resistance. Alternative scenario: Price might move towards the 1st resistance level of 754'6 in line with 61.8% Fibonacci retracement . Fundamentals: No major news.
CBOT:ZC1!Short
by Genesiv
Corn Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZC2!
by Sunstorminvest
Corn Futures (ZC1!), H1 Bullish BounceType : Bullish Bounce Resistance : 756'4 Pivot: 745'2 Support : 738'0 Preferred case: We see the potential for bullish bounce from our Pivot level at 756'4 in line 28.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance level at 756'4 in line with 61.8% Fibonacci projection and 50% Fibonacci retracement. Our bullish bias is supported by stochastic indicator where it is at support level. Alternative scenario: If price continues to dip, it can potentially move towards our 1st support level at 738'0 which is in line with 161.8% Fibonacci extension. Fundamentals: No Major News.
CBOT:ZC1!Long
by Genesiv
Corn Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
CBOT:ZC1!
by Sunstorminvest
Corn Futures (ZC1!), H4 Bearish ReversalType : Bearish Reversal Resistance : 782'2 Pivot: 765'0 Support : 730'0 Preferred case: We see the potential for bearish dip from our Pivot level at 765'0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730'0 in line with 78.6% Fibonacci projection . Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 782'2 which is in line with a graphical swing high resistance. Fundamentals: No Major News.
CBOT:ZC1!
by Tickmill
Corn Futures (ZC1!), H4 Bearish ReversalType : Bearish Reversal Resistance : 782'2 Pivot: 765'0 Support : 730'0 Preferred case: We see the potential for bearish dip from our Pivot level at 765'0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730'0 in line with 78.6% Fibonacci projection. Alternative scenario: If price continues to go up, it can potentially move towards our 1st Resistance level at 782'2 which is in line with a graphical swing high resistance. Fundamentals: No Major News.
CBOT:ZC1!Short
by Genesiv
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation Resistance : 797'4 Pivot: 763'2 Support : 778'2 Preferred Case: With price expected to reverse off the stochastics indicator, we are bias that price will drop to our 1st support of 728'4 in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci retracement area from our pivot of 763'2 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 778'2 in line with the horizontal swing high resistance. Fundamentals: No major news event.
CBOT:ZC1!Short
by Genesiv
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation Resistance : 780'0 Pivot: 729'0 Support : 719'0 Preferred Case: With price moving the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 780'0 in line with the horizontal swing resistance from our pivot of 729'0 in line with the 78.6% Fibonacci retracement and horizontal swing low support. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 719'0 in line with the 50% Fibonacci retracement . Fundamentals: No major news event.
CBOT:ZC1!
by Tickmill
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation Resistance : 780'0 Pivot: 729'0 Support : 719'0 Preferred Case: With price moving the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 780'0 in line with the horizontal swing resistance from our pivot of 729'0 in line with the 78.6% Fibonacci retracement and horizontal swing low support. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 719'0 in line with the 50% Fibonacci retracement. Fundamentals: No major news event.
CBOT:ZC1!Long
by Genesiv
10 year Corn Projection (potentially) 10yr Corn outlook: 1 thought (of many I have) on the potential course of the corn market for the next 10 years. I feel the job of the market is to find a price high enough to ration future demand. Could be 7.80, maybe 8.50, or even 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the more corn rations future demand. The low found after a major high is made could mark an area for the future multi year market structure. The market should remain very sensitive for another few years. Sensitive to world demand and production misses across the globe. There are many climate cycles coming ahead that are all supportive to potential Ag production shortages. **Not a prediction, something to watch** At some point we return to a tighter, more defined market structure working low prices against the long term uptrend line… 4.50-5.25 ???
CBOT:ZC1!
by mtb1980
1
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation Resistance : 782'4 Pivot: 719'0 Support : 705'6 Preferred Case: On the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 782'4 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the ichimoku cloud . Alternative scenario: Alternatively, price may head to our 1st support at 705'6 in line with the horizontal overlap support and 61.8% Fibonacci retracement. Fundamentals: No major news event.
CBOT:ZC1!Long
by Genesiv
Corn ( ZC1!) , H4 Potential bullish continuationType : Bullish continuation Resistance : 793'6 Pivot: 719'4 Support : 659'0 Preferred Case: On the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 782'4 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the ichimoku cloud . Alternative scenario: Alternatively, price may head to our 1st support at 705'6 in line with the horizontal overlap support and 61.8% Fibonacci retracement. Fundamentals: No major news event.
CBOT:ZC1!Long
by Genesiv