Corn: Short opportunity on 1D Death Cross and RSI.
Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W).
Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2.
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Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial