Wheat (ZW) / Corn (ZC) About To Resume Rally

Cotton (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…rday, and will look to re-enter 2-3 lots of longs in the 540 to 545 range. Corn (CME ZC Dec14)’s gains yesterday were less pronounced than ZW’s, but ZC nevertheless is now well positioned for a resumption of its rally off the July bottom. I am long a lot at 368.05, and will look to adding 2 lots in the 367-369 range. ZC’s weekly, daily and 4hr Stochastics and MACD are all pointing higher. Cotton (ICE CT Dec14) pulled back yesterday as expected on…

Corn (ZC) Breaks Downchannel Resistance on Weekly and Daily Charts

Corn (Wkly/Dly/4hr/Hrly) Charts

…likely to provide a trend reversal or ongoing momentum in the coming week. Corn (CME ZC May15) Weekly/Daily/4hr/Hourly ZC continued its week long rally yesterday, breaking above downchannel resistance (on the weekly and daily charts). ZC is now at ascending wedge resistance (on the 4hr chart), and closing in on the psychologically key 400 horizontal resistance level (as seen on the daily chart). The weekly and daily RSI and Stochastics are mostly…

Pending Volatility Spike on Corn (ZC), Wheat (ZW), Soybeans (ZS) Post-Wasde

Cotton (Wkly/Dly/4hr/Hrly) Charts

…Weekly/Daily/4hr/Hourly Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly Buxl (Eurex GBX Dec14) Weekly Buxl (Eurex GBX Dec14) Daily Although I feel the Nasdaq100 (CME NQ Dec14) and S&P500 (CME ES Dec14) are forming major tops, and the VIX (CFE VX Oct14) a major bottom, I haven’t profiled their charts in today’s list as their daily and 4hr charts currently su…

Corn (ZC), Soybean (ZS) Nearing End of Month-Long Consolidation

Corn (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view today’s complete Newsletter. Corn (CME ZC Mar15) Weekly/Daily/4hr/Hourly After over a month of consolidation following a strong rally off of a major bottom, ZC is back on my daily watchlist as it appears close to breaking out of its consolidation and resuming its rally. In the weekly chart, an Inverse Head and Shoulders is now on its way to completion, with ZC at the neckline (between 395 and 400). The daily chart re…

Corn (ZC), Wheat (ZW) Longs Still Well Positioned Post-WASDE

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

Corn (CME ZC Dec14) and Wheat (CME ZW Sep14) have held up reasonably well post-WASDE, and have recovered all of the initial losses in the few hours following the major release. I was flat going into WASDE, and am now looking to re-enter 3 lots long of ZC with buy limits in the 365-367 range, and 3 lots long of ZW with buy limits in the 537-539 range. Cotton (ICE CT Dec14) had a bit of a dip yesterday but has bounced back since, and continues look…

Accumulating Corn (ZC)/Wheat (ZW)/Cotton (CT)/Natural Gas (NG) Longs

Wheat (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…s going to be a busy day of trading as I’ll be accumulating fresh longs on Corn (CME ZC Sep14), Wheat (CME ZW Sep14) and Natural Gas (CME NG Sep14) after having traded in and out of them last week. I’m still holding two lots of Cotton (ICE CT Dec14) long from last week, and will wait for its rally which I expect this week to coincide roughly with the bounce expected in ZC, ZW and NG. The oversold rally I’m looking to play on NG will be shortlived…

Corn (ZC)/Wheat (ZW)/Coffee (KC) Still Bottoming; S&P500 (ES)/Nasdaq100 (NQ) Toppish, but Beware of Slightly More Upside

ZC (Weekly/Daily/4hr/Hourly/30min/5min)

Corn (CME ZC Sep14), Wheat (CME ZW Sep14), Arabica Coffee (ICE KC Sep14), VIX (CFE VX Aug14) continue to exhibit bottoming action today and are positioned to forming a tradable bottom that is likely to be followed by a rally lasting into mid next week. S&P500 (CME ES Sep14)/Nasdaq100 (CME NQ Sep14) on the other hand, although overbought in a number of indicators, appear to be reaching for 2000 and 4000 respectively, whole number targets which are…

Corn (ZC)/Wheat (ZW)/Coffee (KC) Bottoming, S&P500 (ES)/Nasdaq100(NQ) Topping

ZC (Weekly/Daily/4hr/Hourly/30min/5min)

Corn (CME ZC Sep14), Wheat (CME ZW Sep14), Arabica Coffee (ICE KC Sep14), VIX (CFE VX Aug14) are well placed this week to form an interim tradable bottom, and ES/NQ to form an interim tradable top. Yesterday`s price action saw ZC, ZW, KC and VIX rallying after strong selling pressure the previous week. ES/NQ continued rising, but should be topping this week. Multiple timeframe charts are provided here to illustrate the many times conflicting sign…

Wheat (ZW) Spike Soon Followed by Corn (ZC)/Cotton (CT)’s

Wheat (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…n healthy pullbacks. My buy limits are currently resting at 552, 550, 548. Corn (CME ZC Dec14) continues setting up nicely to follow ZW’s act. I am currently long 3 lots at an average of 366.8. Note that ZC’s active month is rolling over, so you will want to avoid trading any more of the Sep14 contract. Cotton (ICE CT Dec14) pulled back nicely yesterday from its prior day’s bounce, providing improved long entry possibilities. I am currently long 2…

Corn (ZC)/Wheat (ZW)/Coffee (KC)/VIX Rally Off Bottom; S&P500 (ES)/Nasdaq100 (NQ) Finally Drop; Natural Gas (NG) OS

ZC (Wkly/Dly/4hr/Hrly/30min/5min) Charts

Yesterday’s Natural Gas (CME NG Aug/Sep14) addition was a bit early, to provide enough time to prepare for a possible trade around the weekly storage figures. As mentioned, this was a high risk trade idea as the weekly chart suggests more downside. On the shorter term charts as seen below, after yesterday’s strong selloff, NG can be seen gearing up for a tradable bottom. ZC Weekly/Daily/4hr/Hourly/30min/5min ZW Weekly/Daily/4hr/Hourly/30min/5min…