CORN RETURN TO BULLISH TREND

Posted
CORN RETURN TO BULLISH TREND Corn Futures (Jul 2024) CBOT:ZCN2024 MXV_AnfinTrading The corn market is buzzing with positive signals today, promising strong profit potential for investors. Our assessment is spot on as corn prices are exhibiting a robust recovery trend. Across all key timeframes - 4 hours, 1 day, and 1 hour - the upward trend is evident, presenting golden opportunities for investors to seize. Particularly noteworthy is the emergence of a compelling Order Block resistance zone on the 1-hour chart. This resistance zone signifies significant illiquidity at a specific price level, highlighting it as an ideal buying point to ride the upward trend. Based on our in-depth analysis, we strongly believe that this is an opportune moment for investors to initiate long positions in corn. The Order Block resistance zone on the 1-hour chart serves as a key to unlocking near-term profits.

Continue reading at TradingView Ideas »