There will be front contract change soon, so this time I place ZC2!, which refers to March/2016 contract.
Weekly:
- After testing Kumo, in last 6 weeks price dropped below cloud, but again it looks like printing only a higher low. Channel support held for last 2 weeks. Ichimoku setup can not gain bearish momentum until price trades above 353.
- Heikin Ashi started to signal possible slow down in bearish momentum. Consolidation in progress, which may turn into a pull back this week or next.
- Weekly key reversal levels: 390-400 area and 425 above Kumo.
Daily:
- Ichimoku started to turn back to neutral. Price made its higher low on 17/Nov, since then it is ticking up. First key level is 380+
- Heikin Ashi made a long wicked doji yesterday. It looks like there was a larger buyer in corn market, and price failed to reverse bearish again. Today candle is bullish, confirmed by haDelta above zero and oscillator in green.
Strategy: hold 0,5 unit long.
Weekly:
- After testing Kumo, in last 6 weeks price dropped below cloud, but again it looks like printing only a higher low. Channel support held for last 2 weeks. Ichimoku setup can not gain bearish momentum until price trades above 353.
- Heikin Ashi started to signal possible slow down in bearish momentum. Consolidation in progress, which may turn into a pull back this week or next.
- Weekly key reversal levels: 390-400 area and 425 above Kumo.
Daily:
- Ichimoku started to turn back to neutral. Price made its higher low on 17/Nov, since then it is ticking up. First key level is 380+
- Heikin Ashi made a long wicked doji yesterday. It looks like there was a larger buyer in corn market, and price failed to reverse bearish again. Today candle is bullish, confirmed by haDelta above zero and oscillator in green.
Strategy: hold 0,5 unit long.
