CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	C
ISIN:

CORN - 15 min. - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

22%

61%

My opinion

Bearish under 454.67 USD

My targets

448.83 USD (-1.14%)

445.17 USD (-1.95%)

My analysis

The bearish basic trend is very strong on CORN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 454.67 USD. Crossing the first support at 448.83 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 445.17 USD as an objective. Crossing it would then enable sellers to target 439.33 USD. Caution, a return to above the resistance located at 454.67 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORN rating is 454.00 USD. The price has increased by +0.33% since the last closing with the lowest point at 452.25 USD and the highest point at 455.50 USD. The deviation from the price is +0.39% for the low point and -0.33% for the high point.

452.25

455.50

454.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of CORN indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	347.71	425.00	449.83	454.00	454.25	460.50	465.32
Change (%)	-23.41%	-6.39%	-0.92%	-	+0.06%	+1.43%	+2.49%
Change	-106.29	-29.00	-4.17	-	+0.25	+6.50	+11.32
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	439.33	445.17	448.83	454.67	458.33	464.17	467.83
Camarilla	449.89	450.76	451.63	452.50	453.37	454.24	455.11
Woodie	438.25	444.63	447.75	454.13	457.25	463.63	466.75
Fibonacci	445.17	448.80	451.04	454.67	458.30	460.54	464.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	419.33	435.17	443.83	459.67	468.33	484.17	492.83
Camarilla	445.76	448.01	450.25	452.50	454.75	456.99	459.24
Woodie	415.75	433.38	440.25	457.88	464.75	482.38	489.25
Fibonacci	435.17	444.53	450.31	459.67	469.03	474.81	484.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	421.08	428.42	439.58	446.92	458.08	465.42	476.58
Camarilla	445.66	447.36	449.05	450.75	452.45	454.14	455.84
Woodie	423.00	429.38	441.50	447.88	460.00	466.38	478.50
Fibonacci	428.42	435.48	439.85	446.92	453.98	458.35	465.42

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.12
MACD (12,26,9):	-0.1600
Directional Movement:	-0.89
AROON (14):	-64.29
DEMA (21):	453.73
Parabolic SAR (0,02-0,02-0,2):	455.31
Elder Ray (13):	0.01
Super Trend (3,10):	452.30
Zig ZAG (10):	454.00
VORTEX (21):	1.1400
Stochastique (14,3,5):	22.02
TEMA (21):	454.18
Williams %R (14):	-71.43
Chande Momentum Oscillator (20):	0.00
Repulse (5,40,3):	-0.0100
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.02

MA7:	462.25
MA20:	457.82
MA50:	450.90
MA100:	456.39
MAexp7:	453.97
MAexp20:	454.03
MAexp50:	454.97
MAexp100:	456.82
Price / MA7:	-1.78%
Price / MA20:	-0.83%
Price / MA50:	+0.69%
Price / MA100:	-0.52%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.01%
Price / MAexp50:	-0.21%
Price / MAexp100:	-0.62%

Quotes : - 10 min delayed data - CBOT Futures

News

The last news published on CORN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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