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| I don’t watch NAT enough anymore to know if you’re a trolling poster or not.
You might know most or all of this but you seemed interested so I’ll share what I know as if you know nothing. If you already know it, maybe it will help someone else:
1. This is the ZCZ2026 contract that I’m showing.
It used to be that contracts were trading on the trading floor in Chicago. Maybe there is still some of that on a limited basis, I’m not sure. Anyway, back then it would have been C for corn. But then electronic trading came along and to some degree the floor trading and the electronic trading were done in parallel so to distinguish between the two they made electronic trading ZC and they made trading on the floor be just C. I think everyone uses ZC now
So the first Z means electronic. The C means corn. The second Z means it’s the December contract. The 2026 combined with the second Z means it’s the December contract for 2026.
2. This is a daily contract. That means every bar represents one trading day. A weekly chart would mean every bar represents one trading week. A monthly chart would mean every bar represents one month.
3. You can see the gap between the previous trading day and the current trading day. I have two horizontal red lines and a vertical red line with arrows on each end to show the gap.
Some people say a gap has a lot of significance. First of all it represents a lot of energy (either up or down, in this case up) in a market. Also, many people track gaps, saying that a gap always gets filled (meaning price will come back down to then level sooner or later).
Some gaps are more significant than others. For example if this was a chart that made a new bar every single minute (the one minute chart instead of the daily chart) then a gap might not mean a lot.
If this was a monthly where every line represented a month, people might place a very high degree of value on a gap.
Me personally? I think there is some value to charts but probably not as much value as there is to fundamental knowledge.
Edited by dpilot83 7/12/2026 23:15
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Gap up Baby!
