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CORN

Did we just hit the bottom? Corn has been diving over the last 3 years since it's peak in 2012. Beside small correction move in 2014, it was pretty much a nose dive that cut corn value in more than half. Since October 2014, Corn has been bouncing around the 22-23$ support zone, which is also the 127 extension for the first part of corn's decline (Aug 2012- Jan 2014). The second time corn bounced from the 22$ it also broke out of a minor weekly downtrend line. Last week, Corn spiked below 22$ and closed above it, creating a weekly false break and a weekly Outside Bar that could be a trigger for a bullish entry for those who seek to trade this bullish triple bottom setup. The bullish divergence we see in the RSI and the Stochastic being oversold can support this bullish scenario. With stop loss below 21.5$ the initial target level will be the 50 SMA line near 25$ (assuming it'll break above the Fast SMA line - the first confirmation signal) If the price will close above 25$, it could provide a longer term bullish signal for a deeper correction move in corn prices.
AMEX:CORNLong
by themarketzone
NZDUSD: Very close to a market bottomI placed an overlay of the corn and gold charts over the NZDUSD line chart with weekly range boxes. Time at mode has given me a target in the weekly, which is very close to being achieved. I suspect we will see the completion of a terminal falling wedge next week, offering a great buying opportunity in this pair. I'll patiently wait for confirmation here, but I already suspect the bottom will come very soon. Price might copy the corn rallies, which seem to be leading gold and crude oil, regarding dollar strength. Should be an interesting long. Have a nice weekend, Ivan.
Long
by IvanLabrie
13
CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGE Both corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. This is ZCN2015 futures on corn chart, same as ZC1! idea. (Made this idea again because on zcn2015 posting it in forum posts it with chart, unlike zc1!, which is posted with link.) That is all.
CBOT:ZCN2015Short
by justaname
2
CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGEBoth corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. That is all.
CBOT:ZC1!Short
by justaname
ZS upward "C" wave to come (???)Soybean has been a tough market for those traders seeking volatility as it has been on a “wait-and-see” mode for a couple of month now. I do not expect any major movement on the short/mid run; however, I do see a possibility to “widen” the current trading range. The wave counting above suggests that a B wave would be completed (or nearly completed) and a possible upward C wave would be on the radar screen. For those (unlike me) seeking short-term opportunities it may be a good commodity to keep track on. I am still holding my long position with stops on a range around 920, although I confess the weekly chart does not look that bullish. In fact, the MACD divergence is killing my sleep lately. See my comments on ZC at:
CBOT:ZSH2015Long
by againstthegrain
2
We may see a “Pop” in Corn (???)(Forgive the terrible joke, but I couldn’t hold myself). The 50% retracement on Corn suggests that a minor correction would be over making possible an “a-b-c” counting thus getting ready to resume the upward trend. However, at this point in time, it would be wise to keep an alternate count in sight as this correction could easily (and most likely, in my opinion) extend to the 0.618 fibo. I say this, as most indicators are either bearish or neutral on the short/mid run. Ichimoku, for instance, is “cloudy”. Unlike soybeans (that has been on sideways for days now), corn has provided some interesting ups and downs for day-traders. For the long-term however I am still bullish and will keep holding my long position as long as prices stay within the 4-350 trading range, although I strongly suggest a stop-loss at levels close to 330 for money management matters. Just for the records, I am a position trader (i.e. no day-trading).
CBOT:ZCH2015Long
by againstthegrain
1
Correction near the 50% Fib and inside a support zoneAfter breaking down two uptrend lines, $CORN is back the 25.5$ zone (now support). The levels between 25.5$ and 25$ is support zone to monitor that comes with the 50% Fibonacci level. Yesterday's strong selling could mean that the price will continue to dive to test the bottom of the trading zone. In that case, if we will see a reversal near the 50% level, a stop loss below the 61.8 Fib could be the right thing to do for those who want to try to jump back on the minor, new uptrend.
AMEX:CORNLong
by themarketzone
Corn (ZC) At Long-Term SupportZC has been sold off stronger than most commodities, and its weekly Stochastics is at an extreme low reading. Note how it together with weekly MACD are beginning to turn up. The daily chart including today's action illustrates this bottoming action more clearly, but I've profiled this weekly chart to point out how ZC is currently beneath a long term down channel support line, which I don't expect to persist for long with ZC trading at an important support zone. Although the weekly RSI appears to still turn down, keep in mind the lag introduced by weekly chart signals. Visit goo.gl for today's technical analysis on $NG_F, $ZC_F, $USDJPY, $VIX_F, $NQ_F, $NFLX, $TSLA, $ES_F, $USDX, $EURUSD, $EURCHF, $CT_F Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: info@tradablepatterns.com
CBOT:ZC1!Long
by TradablePatterns
2
KIOR Beat downKIOR has a black eye that looks so bad, it seems to have hit every piece of furniture and stairs on its way down to the basement. Management has send the distress call that they need money now to keep the doors open. Most people would write the company off and let it bleed out. But.... There seems to be a little bit of gold buried deep down inside KIOR. Lets face it. No one likes Ethanol. Even thou this form of ethanol doesnt harm a single shred of corn. Cellulose Ethanol hasn't been well supported by the government and Oil hates it. However, the EPA has been taking a very very long time in reformulating the RFS and we think there may be some relief in store for companies like KIOR. If it can hang on of course. The only other thing KIOR has going for it is its PATENTS. www.faqs.org As you can see the company has a lot of them! Enough to change the valuation dynamics of the company. This is an all or nothing one way bet. A long here puts all capital at risk of instant bankruptcy death. Of course, should the stock rally, the pay of could be huge. Speculative long only.
KLong
by nysedaytraders1