Corn - Meanwhile in Agri space there is some bullish action
Weekly:
- Ichimoku setup turns neutral from bearish as Price shoots up to the Kumo.
- Heikin Ashi signal is firm bullish
Is it just another short squeeze, or finally a start of a longer term reversal?
Daily:
- Ichimoku setup is in possible early bullish phase, but Price faces some headwind first at 400 supp/res.
- Heikin Ashi is bullish, but the move from the lows was very quick and agressive, thus haDelta reached extreme high. I think we may see some profit taking here first, and a pull back towards 380-385 support are, where we can start to accumulate longs again.
- Ichimoku setup turns neutral from bearish as Price shoots up to the Kumo.
- Heikin Ashi signal is firm bullish
Is it just another short squeeze, or finally a start of a longer term reversal?
Daily:
- Ichimoku setup is in possible early bullish phase, but Price faces some headwind first at 400 supp/res.
- Heikin Ashi is bullish, but the move from the lows was very quick and agressive, thus haDelta reached extreme high. I think we may see some profit taking here first, and a pull back towards 380-385 support are, where we can start to accumulate longs again.
