CORN (ZC #F) Futures Impulsive Elliott Wave Rally
All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www. Subscriptions Futures Trading Education. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average. In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average.
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An overbought reading occurs when the close is nearer to the top band than the bottom band. Volatility appears to be declining, as evidenced by a decreasing distance between the upper and lower bands over the last few bars. The market is in overbought territory. In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average.
For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average. Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average. Additional Analysis - Short Term: Everything in this indicator is pointing to higher prices: Conventional Interpretation - Long Term: Additional Analysis - Long Term: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: Its possible that we may see a market pullback here.
The SlowK line crossed below the SlowD line; this indicates a sell signal. The stochastic is in overbought territory SlowK is at The long term trend is DOWN. SlowK is showing the market is overbought. Look for a top soon. The short term trend is DOWN. SlowK was down this bar for the first time in a while. Its possible that we may see a down move here. The swing index has crossed zero, identifying this bar as a short term pivot point.
The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility. RSI is in neutral territory. RSI is at This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone. However, this by itself isn't a strong enough indication to signal a trade.
Look for additional evidence before getting too bearish here. ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling. The long term trend, based on a 45 bar moving average, is down. A falling ADX indicates that the current trend is weakening and may possibly reverse.
Look for a choppy market ahead. A signal is generated only when the CCI crosses above or below the neutral center region. CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Your browser of choice has not been tested for use with Barchart. If you have issues, please download one of the browsers listed here. Trading Signals New Recommendations.
Subscriptions Futures Trading Education. Account My Profile Site Preferences. Corn Dec '18 ZCZ All Futures Contracts for [[ item. Lookup local cash grain bids at Grains. Main View Technical Performance Custom. Wed Oct 3, 5: That was down 21, bpd from the previous week and is the lowest production total since mid-April, implying less corn use.
Some seasonal down time had been expected.