Corn - Update / Bulls' warm up?
Weekly:
- Heikin Ashi is firming bullish
- Major bullish reversal and acceleration expected above 415
Daily:
- It is just about to make a classic bullish Kumo breakout signal! Due to previous range consolidation, Chikou Span can break above past Kumo same time.
- haDelta/SMA bullish cross above zero line would give further confirmation
- Acceleration in buying expected above 395-400. Appr a week ago a lot of new short positions were established. Those may be squeezed and stopped above 400.
Hold longs! And hopefully you will have to hold them for 10-15-20 % profit, if the weekly reversal happens, that will start a nice new bullish trend.
- Heikin Ashi is firming bullish
- Major bullish reversal and acceleration expected above 415
Daily:
- It is just about to make a classic bullish Kumo breakout signal! Due to previous range consolidation, Chikou Span can break above past Kumo same time.
- haDelta/SMA bullish cross above zero line would give further confirmation
- Acceleration in buying expected above 395-400. Appr a week ago a lot of new short positions were established. Those may be squeezed and stopped above 400.
Hold longs! And hopefully you will have to hold them for 10-15-20 % profit, if the weekly reversal happens, that will start a nice new bullish trend.
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