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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.