Short /ZC- Double top with key reversal on weekly.
- Recent key reversal indicates end of uptrend and confirms lack of potential for any further upside.
ZC1! trade ideas
Jun 16, 2021 Corn WinnerGrabbed a quick 16 points this morning. I missed early morning as I was still sleeping but if I was awake at 6am I could have been in the trade at 665 instead of 670. As usual, I took my quick 16 points for a great morning win before the Fed 2pm Gong Show.
Jun 13, 2021 Corn Selling FastAgain, at the opening bell at 8pm, price action was undecided for the first 5 minutes - then BAM - straight down, hit my sell order at 670 and a quick TP at 664, all in less than 15 minutes - Brilliant! Have a great night :-)
the corn maze whistles please note that 6/10 into july are bearish periods for corn.
many people think with inflation and the heat wave on the west coast that the corn prices will go up.... i am taking the opposite side and will ride short position until july
Quick 24 points on CornOnce again at the opening bell, price action plummeted and my sell order at 688 was executed. Within 20 minutes my Take Profit of 24 points was hit and I made off with some quick morning profit - great start to a Friday. Happy Friday to all and have a safe weekend.
Jun 10, 2021 Quick 5 point profitGreat start to the day as the opening bell price action worked again in my favor to snag me a quick 5 points in less than 30 minutes. Put my Buy order in at 702 and waited for 9:30 - Price action went straight up and took my profit at 5 points.
Jun 9, 2021 Corn quick 5 pointsSnagged a quick 5 points at the opening of the DJIA. Corn passed up through the 30 HMA quite aggressively so it didn't take long at all to grab the 5 points and run. Nice start for the day.
Quick 28 points on CornTook advantage of the opening bell at 9:30am and profited me a quick 28 point gain on Corn this morning. Price action quickly moved down past my 30HMA and followed it down on the 5 minute chart and TP after 28 points. Great day making some daily cash.
Short CornMonthly reversal
HS (albeit crooked) on the daily with a retracement above the neckline and subsequent turn towards the downside.
Potential eager entry below the 5/28 bar or a sell-stop below the neckline.
BEARISH ON US CORN (HEAD & SHOULDERS)Bearish clues:
- Head and Shoulders
- General downtrend since begining of May 2021
- Lagging Span of Ichimoku indicator broke down the lower band of Bollinger Bands
- Price broke down the 200 exponential moving average
The price of US Corn broke down the neckline of the Head & Shoulder. It could now reach the 23.6% retracement Fibonacci level at $5.80/bushel and next the daily support at $5.30/bushel.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
SHORT-TERM BULLISH ON US CORNBullish clues:
- General uptrend since August 2020
- Price rebound on the lower band of the Bollinger Bands
- Price rebound on the 50 exponential moving average (support)
- Price rebound on the Kijun of the Ichimoku Cloud
- Hidden bullish divergence on the Relative Strength Index ( RSI ) since October 2020 + RSI could rebound on the 50 level
- Squeeze pattern of the Bollinger Bands in hourly time unit => price explosion to come + ascending triangle
Target:
The objective is the psychological level of 700'0 (resistance). This could possibly lead to a double top , as the bullish movement is losing its power.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not an investment advice
Corn Selloff May Worsen if 50-day SMA BreaksCorn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.
Corn Futures Probable Decline, first to 560 then LowerLooking at corn July futures, we expect price to drop now to the 560 level. The orthodox peak was actually on April 27th where wave 5 ended near 684. The following rise to 735 was only wave B up of the overall downward correction, but it indicates that price is itching to go higher. 560 also represents a 38.2% retracement of the 5-wave rise of this thrust, which originated from a lower B-wave triangle. We expect that, after 560, price will recover near to the peak again and then fall still lower, reaching down closer to 61.8%. It will be inclined to hit the level of that 4th wave below.
As with other commodities such as crude oil, this rally from last year's bottom is itself only the upward part of a larger downward correction (a final C wave up of a larger B wave up, which will be followed by a larger C wave down) but may reach impressive highs before turning down again.
Short CornWe have already broke the trendline, but I think we might come back and hit that resistance one more time before coming down. This one might not play out but lets sit and wait, if we miss this opportunity don't worry always another day to catch some profits.
LONG after CorrectionCorn made crazy bull run and finally made nice correction to 0.236 Fib.
COT are still extremely bullish by huge net long positions by NON COMERCIAL .
Now I expect to move up for new high.
Buy anything callAm i looking at wrong, right? tell me i'm wrong..
We're in a really crazy world.
The Fed is announcing that there is no inflation yet, but this is bullshit. imo Crazy inflation is at the starting point.
If the price of raw materials goes up so rapidly, All prices are reflected in the market.
I don't know how much hamburgers will cost expensively in near future.
Seriously, consider investing in Bitcoin. It's okay if it's not Bitcoin.
Since it doesn't have to be Bitcoin, but buy an etf (qqq, tqqq, spy) instead.
I think it will be the last chance if the Fed gives the rate-raising card, and this will be the last dip to the market.
Fed cannot raise interest rates. Employment indicators are smashed. and This is a problem that cannot be solved forever.
How to make money online ?Now, before you get too excited about it, I am not selling you any course, products or even membership , haha. If you get spam mails, FB advertisments, text messages about how someone can make money earning 4, 5, 6 or even 7 figures income online, you know for a fact these things :
1. Millions of people have attempted to sell something online to make money
(Only the top 10% or lesser really make good money, many are just struggling)
2. The notion that it is advertised as easy, no need software, special domain knowledge and yet can make more money than a regular job has enticed many to part with their hard earned money to these smooth talking course providers!
I too had my fair share trying to hawk wares online but with limited success. I discovered unless you have a unique product that is in high demand (like this ), else you would need to have a differentiating point so that others would come and visit your site.
So, in the past, I would search online everyday, read lots of news and articles trying to be the first to find the Holy Grail product , affordable and yet within my means to do the business. It was an uphill, stressful task.
Then, after much hits and misses, I discovered trading and stock investment. Of course, I lost money , burnt my accounts thinking I could retire early (dreams some course providers would sell you)..... I did not give up for some reasons and persevere and am proud to say this has now become one stream of income for me. And the best part, I love this business.
You see, in stock investment, you need not be the first to discover the company. That would be like buying IPOs , some like Amazon and FB or Macdonald would made you a millionaire but how many has that kind of foresight ? The good thing is anybody can catch the train to this path and at your own budget , time and risk appetite. There is something for everyone, that's the beauty.
For example, late last year, I had plough aside some capital to invest in many commodities, from corn, wheat, soy, copper, silver ,gold to agricultural companies like Yihai Kerry, Wilmar, etc. I am thankful to God for he has once more blessed me abundantly.
It is all about demand and supply ! The more buyers for this commodity, say Corn, the more the prices will be push up.So, you can be a buyer or seller online unlike the traditional mode of making money online - you need to be a seller only (you buy from wholesaler or manufacturer and in turn sell to retailers for a profit).
And you need not put in a lot of capital to start this business, which is what I like about it. You can now buy shares in fractional shares, very affordable and with more brokers offering zero commission, you net profits is even higher if you get it right.
And getting this game right is not difficult - just follow the trend. By that , I mean think big picture - who is the biggest, most popular social media company globally? Most would say FB , right ? Or in China, it would be Tencent who owns wechat and many other apps. They monopolised the market and that is why the government now is taking action against them.
So, if you can't be an influencer with millions of followers to make the advertisment income, consider this option. There are tons of free materials online, videos , books in library, etc that can make you sounds like an expert. Then, there is of course, my favourite social site, TV which offers a plethora of services - cool charts to begin with and different authors for you to follow. You can cross check your own analysis with others and do paper trader for a while before you gain more confidence.
Oh, did I say you need not be licensed to buy or sell shares ? I mean, other than the legal age required and you are not a bankrupt, the barriers to entry is really really low. There is no requirement on your educational background, job titles you held before, etc. The janitor can buy FB shares just like the CEO of a MNC company. No discrimination here !
Give yourself the opportunity and if you have any questions, ask around TV. Many people would be more than happy to help, for free.
Have fun and enjoy the ride up ! Or down (if you are selling)
ZCK2021. Ags have been the market to be in.The ag's have been hotter than bitcoin this spring, and I've been so stuck in my little learner's bubble I barely noticed.
I'm looking at corn thinking this is some buyer exhaustion, but I also see that typically corn prices stay on the rise through June/July.
This zone I have highlighted seems like a really friendly place to enter the market, however, I don't understand what is going on at the top, and if that is some kind of artificial capping done by market makers I absolutely don't want to be buying just under it.
What in the world is going on here?
🍿 ''Bit''CORN keeps FLYING!🌽🌮🌾We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn.
Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target.
So, allow me to call it ''BitCorn''
ps. Fun fact :
''Corn has proven itself to be one of the most effective alternative energy sources, placing it in the ranks of coal, gas, wood, etc. Corn is an excellent energy source because the corn cob is very dense and slow burning.
Is corn an efficient energy source?
Corn ethanol seems like a renewable energy source — a source that cannot run out — because corn can be planted again and again, and the energy in corn comes from the sun, not a limited supply of coal or oil in the ground. ... Most of this energy currently comes from fossil fuels like coal, oil and natural gas''.
the FXPROFESSOR
