ZC Long — $ZCN26 pulling back into demand shelf at 475-476 withiCorn FuturesCBOT:ZC1!ivvixSetup: On the 4h, ZC has reversed the early-April low (~448) and is now trending in a clean sequence of higher lows and higher highs, currently testing the 480 area for the first time since mid-March. The 1h chart shows an intraday pullback from the 479–480 supply zone during the Apr 30 session, finding support near 474–475.5 — the prior Apr 28–29 breakout shelf and a natural demand cluster. The most recent 1h bars (Apr 30 overnight and May 1 pre-open) are consolidating in that 474.5–478.5 band with reduced volume, consistent with a healthy pause rather than distribution. The May 1 open bar (07:00) dipped to 475.75 and recovered toward 479–480, and the latest bar printed 480.0 close, suggesting the dip is being bought. Flow: Corn is up +1.05% on the session with elevated volume and a 20-day outsized move, confirming managed-money or commercial participation in the rally. Broad ag complex strength (feeder cattle also bid) alongside soft DXY and risk-on tape reinforces the macro tailwind. No energy drag bleeds into grains; if anything, the dollar softness is a net positive for dollar-denominated commodities. Plan: Stop is placed below the Apr 30 intraday low cluster near 471.25–472, which was the low of the heaviest-volume session before the bounce — a close below there structurally breaks the bullish wave count and invalidates the demand shelf. Target is the 482 area, the next visible supply shelf from early March highs and a logical measured extension of the current leg. TTL is moderate; price has already partially recovered so a fill near 475.5 may come quickly on any minor revisit. 📍 Entry: 475.50 🛑 Stop: 472.00 🎯 Target: 482.00 ⚖️ R:R: 1.86