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TGCN1! trade ideas

Dec21 CornDecember 21 Corn - Daily: The red down trending pitchfork is offering resistance against the 50% retracement at 5.59. I am not certain about the placement of the pivots for the gray uptrending fork, but the angles of ascent look appropriate based off the 3 previous moves up. A move above the 5.60 area will next target 5.71, 5.88, and 5.99. I believe these targets should be looked at to get caught up on sales or hedges (puts). I can still paint a picture that could move Dec corn to new highs that would have targets up to 6.75 (or higher), and I can make a case for risk at 4.88 to 4.55. Courage calls, puts, various option spread strategies can be looked at to manage risk on both sides.
CBOT:ZCZ2021
by mtb1980
December CornPossibly put the highs in for Dec Corn here...as shown in chart, we faded the gains from the bullish July USDA crop report (which showed lower acreage) on better weather forecasts after wknd of the 4th...weather maps less threatening in corn belt as of late and is bearish feature for the next few weeks should forecasts confirm. Condition ratings expected to increase. Spreads are firm though and there is some support from Bean oil as the Canola mkt is experiencing production issues due to ongoing drought. This feature could have potential to pull CZ higher but I believe the upside here is limited. I expect CZ to trade down to ~520 range and b/c range bound from there.
CBOT:ZCZ2021Short
by King_of_Beans
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III . ZC1! : 🕐 1W The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern. CORNUSD :🕐 1D When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
CBOT:ZC1!
by TradeWaves-EWA
2
ZCN2021 July21 CornJuly Corn – Daily: The (red) Downtrending pitchfork is in a battle with the (grey dashed) uptrend line. Price action may still target a move lower following the median line if the uptrend is broken. Support is 6.02, pattern targets have risk at 5.64 to 5.43. Resistance at 6.69, 6.85 and 7.07. If met, 7.07 should act as strong resistance and a breakout above could lift strong and fast to the Primary target at 8.17. **For trades, not much time left for the July contract before first notice day**
CBOT:ZCN2021
by mtb1980
do you smell the bullshit? fed keeps trying to feed us this narrative that inflation is going to be transitory.... that is not the way i have seen the world to work. once prices rise they never go down. think about your local retail store. once those 10 cent bags of chips went to 25 cents..... they never went back to 10 cents. actually now they are 50 cents. i drew a chart on how i see the movement of corn. down until end of august.....reach a peak sometime mid 2023. by that time i expect corn prices to be over 300% - 400% of what they were last year. my suggestion? get ahead of the curve. ask your manager for that raise. do not accept having your standard of living diminished because of some socialists in administration. stand strong and fight for your right to life liberty and pursuit of happiness. you can also expect some radical individual like trump to come back in 2024 as people will be begging for change.
CBOT:ZC1!Short
by Oppollo
2