CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	C
ISIN:

CORN - Daily - Technical analysis published on 08/24/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

33%

44%

My opinion

Bearish under 500.83 USD

My targets

483.75 USD (-0.77%)

428.92 USD (-12.02%)

My analysis

CORN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 500.83 USD. The next support located at 483.75 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 428.92 USD. Below this support, sellers could then target 406.83 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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 mkbnet. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORN rating is 487.50 USD. The price registered a decrease of -0.61% on the session and was traded between 483.50 USD and 494.50 USD over the period. The price is currently at +0.83% from its lowest and -1.42% from its highest.

483.50

494.50

487.50

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CORN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	304.71	406.83	483.75	487.50	512.75	529.50	568.11
Change (%)	-37.50%	-16.55%	-0.77%	-	+5.18%	+8.62%	+16.54%
Change	-182.79	-80.67	-3.75	-	+25.25	+42.00	+80.61
Level	Minor	Major	Major	-	Minor	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	468.17	473.33	481.92	487.08	495.67	500.83	509.42
Camarilla	486.72	487.98	489.24	490.50	491.76	493.02	494.28
Woodie	469.88	474.19	483.63	487.94	497.38	501.69	511.13
Fibonacci	473.33	478.59	481.83	487.08	492.34	495.58	500.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	457.83	465.67	479.33	487.17	500.83	508.67	522.33
Camarilla	487.09	489.06	491.03	493.00	494.97	496.94	498.91
Woodie	460.75	467.13	482.25	488.63	503.75	510.13	525.25
Fibonacci	465.67	473.88	478.95	487.17	495.38	500.45	508.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	376.83	428.92	468.08	520.17	559.33	611.42	650.58
Camarilla	482.16	490.52	498.89	507.25	515.62	523.98	532.34
Woodie	370.38	425.69	461.63	516.94	552.88	608.19	644.13
Fibonacci	428.92	463.77	485.31	520.17	555.02	576.56	611.42

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.25
MACD (12,26,9):	-10.7600
Directional Movement:	0.02
AROON (14):	-21.43
DEMA (21):	481.09
Parabolic SAR (0,02-0,02-0,2):	505.61
Elder Ray (13):	-1.35
Super Trend (3,10):	525.20
Zig ZAG (10):	487.75
VORTEX (21):	0.7700
Stochastique (14,3,5):	36.52
TEMA (21):	479.57
Williams %R (14):	-58.09
Chande Momentum Oscillator (20):	-11.00
Repulse (5,40,3):	-0.2700
ROCnROLL:	2
TRIX (15,9):	-0.3300
Courbe Coppock:	8.07

MA7:	485.71
MA20:	493.86
MA50:	521.63
MA100:	539.87
MAexp7:	486.74
MAexp20:	495.81
MAexp50:	514.73
MAexp100:	533.33
Price / MA7:	+0.37%
Price / MA20:	-1.29%
Price / MA50:	-6.54%
Price / MA100:	-9.70%
Price / MAexp7:	+0.16%
Price / MAexp20:	-1.68%
Price / MAexp50:	-5.29%
Price / MAexp100:	-8.59%

Quotes : - 10 min delayed data - CBOT Futures

News

The latest news and videos published on CORN at the time of the analysis were as follows:

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

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