Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Corn Z2

Tonight ZC Z2 tested a small resistance at 664 and bounced off. Next support is at 635.4. From 635 area or so Corn will launch again and will try once more to overcome 664, overcoming 664, then 673.4 is the net resistance. Now, 673.4 was the previous weekly high.
In my opinion, Corn will overcome 673.4 and go to as high as 692.0 before reversing to test 635 again for support. It's at that juncture where we will know it Corn is actually going to the moon or not.

In other words Corn will have to find support at 635. Failure to do so, 499 is is most likely.

ZC Z2 now trading 653.3

Warning. My opinion is solely mathematical and does not see weather conditions, Monsanto being short, Chart patterns or seasonal, does not heard parrots with agendas, does not account for USDA projections, speculation or market manipulation.

As always, the market has the last word and in due time will show us the way.