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Corn (ZC) Weekly MACD Positively Crossing

Corn (ZC) Weekly MACD Positively Crossing

Posted November 15, 2021
Darren Chu
Tradable Patterns

Corn (ZC) is consolidating to start the week, but appears poised to test the November high in the next few days.  Significantly, ZC has reclaimed the 50% Fib retrace of the May to September slide, and is well positioned to extend what could be described as a Bull Flag after breaking triangle resistance (on the weekly chart) 2 weeks ago.  Congratulations to Premium Members who benefited from the May 28, 2020 alert to ZC’s major bottoming effort and again on Aug 24, 2020.  The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am flat after profitably closing a long Friday, and am looking to re-enter long in the green zone (of the daily chart), targeting the red zone for Friday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

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Sample of Today’s Top 3 Trades Available to Free Subscribers (published Apr 14, 2021)

Sample of Today’s Top 3 Trades Available to Free Subscribers (published Apr 14, 2021)
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