Swing trading cornCorn has done 200% of last daily rally and you have been watching your monthly instead of useless short time frame charts then you would realise this was a buy weeks ago, just needed confirmation.
TKUK1! trade ideas
Corn & Crude - The long term connection CORN FUTURES vs CRUDE OIL FUTURES
Daily for 7 Years
Would anyone believe that these two markets are somehow this intertwined?
Corn and Crude are like two people walking across a field tied together with a rope. Sometimes one gets away from the other and then they come back together and the other one might stray away.
Using this chart, the decline in Crude Oil could have been telegraphed by the drop in Corn.
Tim
Wednesday April 29, 2015 8:38AM EST ZC1! 363'6, CL1! 56.81
LArgest 4 or less traders in corn by GROSS Positions Please review CME group commitement of trader's report (4 or less largest)
As of Date: 7/3/2017Total OI: 1,753,868
Long - Short
156,094 --- 175,387
As of Date: 7/11/2017Total OI: 1,840,817
Long - Short
167,514 --- 213,535
As of Date: 8/22/2017Total OI: 1,874,724
Long - Short
185,598 --- 243,714
As of Date: 8/29/2017Total OI: 1,707,700
Long - Short
158,816 --- 203,216
Asset Active months March (H); May (K); July (N); Sep (U); Dec (Z)
CORN ZC
Open Interest :
Highest 2,080,000 contracts Average: 1,775,000 contracts
Lowest 1,470,000 contracts
Asset managers OI Date OI on date Percent of OI Ave. OI net
Most Bulish net OI 342,893 21/08/2012 2,073,500 16.54 1.48
Most bearish net OI (229,176) 8/3/2016 1,687,116 -13.58 Previous Change
current (64,945) 29/08/2017 1,707,700 -3.80 -0.91 -2.89
Producers OI Date OI on date Percent of OI Ave. OI net
Most Bulish net OI (13,396) 5/11/2013 1,941,041 -0.69 -13.65
Most bearish net OI (555,715) 14/06/2016 2,088,225 -26.61 Previous Change
current (231,883) 29/08/2017 1,707,700 -13.58 -13.72 0.14
Swap dealers/ deal OI Date OI on date Percent of OI Ave. OI net
Most Bulish net OI 305,017 7/10/2014 1,893,351 16.11 13.18
Most bearish net OI 197,349 13/06/2017 1,923,781 10.26 Previous Change
current 234,747 29/08/2017 1,707,700 13.75 12.11 1.64
Other reportables OI Date OI on date Percent of OI Ave. OI net
Most Bulish net OI 134,212 8/11/2016 1,751,431 7.66 4.40
Most bearish net OI 21,663 17/07/2012 1,916,920 1.13 Previous Change
current 63,374 29/08/2017 1,707,700 3.71 3.01 0.70
Still in middle of neutral range, but...... we must watch it closely, as Wheat price action may lift other major agri products as well.
Weekly:
- Neutral Ichimoku, with minor bullish indication (see forward Kumo, and medium bullish Tenkan/Kijun setup in the spot cloud)
- Neutral/minor bearish Heikin-Ashi. Bit confusing, as price is exactly in the middle of the long term sideaway range, right at Kijun and 100WMA
- EWO has bullish bias
- MACD: neutral, consolidation
Daily:
- Ichimoku is neutral
- Heikin-Ashi gives possible buy signal t trendline support
- The real key level is 380-385. Should Corn close above, that would be a start of a major bullish tren
Don't listen to intraday chatters - #Corn is for longWhatever people say I don't care. I only care the setup and probabilities, and that is Bullish!
This means I use any dips to buy some more, until my trailing stop is hit. The thing is you must know what is the value level to buy, and what are your odds and your risk if you run a leveraged position.
short PUT on CornAccording to the seasonal pattern (summer rally), Corn Future is on its move to higher ground also raising volatility along its move upward. This trend is supported by the commercials' net long position, which comes from the closing out of the short positions. OI is rather low, meaning that public is not the driving source behind the price movement.
Option Trade Idea:
short Put 355
duration 60 days (July 17th 2017)
Premium: 1 7/8 (x5000) = appr. 100$ per option
Delta: 11
Volatility: 22.2%
Keen an eye on corn!!Hey guys
Corn market is interesting right now.
Weekly: Price is just being bid at kijun sen but failing to break out. Macd is crossed down.
Daily: It is a chop fest but daily macd is again crossed down.It is still in channel. I expect this to resolve sooner or later . I am currently monitoring it for potential trade set up. My bias is it breaks down to the downside before a big rally . Will post the set up in comment sections one it arrives. Just add to your watchlist if you trade it.
Stay tuned.
Corn: Bear Flag Under the TrendlineLooks like a flag to me.
My indicators do not yet align with the idea on this time frame...I will update using lower time frames below.
Also note the bearish 2618 set-up which completes @ 393.
If you have any comments or feedbacks on this idea or your own view on Corn, please share!
Fight for the key levelsWeekly:
- Neutral Ichimoku, but price holds above weekly Kijun -> minor positive. Next important levels above are weekly Tenkan at 370 and Senkou B at 378.
- haDelta and haOscillator are still above mid lines, but their strength is a question
- EWO is positive
- MACD shows consolidation
Daily:
- Ichimoku setup is neutral, Price is trying to recapture bullish zone above 370
- Bullish trendline holds
- Heikin-Ashi gives an early buy signal -> please see candle, haDelta+ and haOscillator crosses
- EWO is minor positive
- MACD is neutral/minor positive
I still have bullish bias for Corn, until it is above 355
Neutral now at equilibrium. Watch for breakout!- The stup is neutral now. Price, Tenkan and Kijun are all in the flat thin cloud.
- Volatility is quite low
- Tightenning triangle. The breakout will bring a quick pickup in momentum
- Heikin-Ashi shows indecision
- Minor bullish view until price holds above Kijun + EWO is green.
- MACD is neutral.
I still have some bullish bias on Corn, espec that I expect USD to weaken more, which should help a bit agris to tick higher. The real key levels are 372 and 378.
Please not May/June contract switch is happening soon. May notice date is 28/April.
