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 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 449.83 USD

My targets

476.58 USD (+1.56%)

498.00 USD (+6.13%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CORN. This is a positive signal for buyers. As long as the price remains above 449.83 USD, a purchase could be considered. The first bullish objective is located at 476.58 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 498.00 USD as an objective. Crossing it would then enable buyers to target 514.67 USD. In the event of a return below 449.83 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.3

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 469.25 USD. The price registered an increase of +0.37% on the session and was between 467.00 USD and 469.75 USD. This implies that the price is at +0.48% from its lowest and at -0.11% from its highest.

467.00

469.75

469.25

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 CORN in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	438.00	449.83	469.00	469.25	498.00	514.67	539.78
Change (%)	-6.66%	-4.14%	-0.05%	-	+6.13%	+9.68%	+15.03%
Change	-31.25	-19.42	-0.25	-	+28.75	+45.42	+70.53
Level	Minor	Major	Minor	-	Minor	Intermediate	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	455.17	460.83	464.17	469.83	473.17	478.83	482.17
Camarilla	465.03	465.85	466.68	467.50	468.33	469.15	469.98
Woodie	454.00	460.25	463.00	469.25	472.00	478.25	481.00
Fibonacci	460.83	464.27	466.40	469.83	473.27	475.40	478.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	440.92	447.58	458.67	465.33	476.42	483.08	494.17
Camarilla	464.87	466.50	468.12	469.75	471.38	473.00	474.63
Woodie	443.13	448.69	460.88	466.44	478.63	484.19	496.38
Fibonacci	447.58	454.36	458.55	465.33	472.11	476.30	483.08

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.72
MACD (12,26,9):	5.8400
Directional Movement:	10.06
AROON (14):	57.14
DEMA (21):	465.84
Parabolic SAR (0,02-0,02-0,2):	459.38
Elder Ray (13):	6.11
Super Trend (3,10):	444.82
Zig ZAG (10):	469.25
VORTEX (21):	1.1600
Stochastique (14,3,5):	81.89
TEMA (21):	470.36
Williams %R (14):	-19.69
Chande Momentum Oscillator (20):	20.00
Repulse (5,40,3):	0.7400
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	8.34

MA7:	465.86
MA20:	456.44
MA50:	450.59
MA100:	457.86
MAexp7:	466.12
MAexp20:	458.94
MAexp50:	455.02
MAexp100:	464.17
Price / MA7:	+0.73%
Price / MA20:	+2.81%
Price / MA50:	+4.14%
Price / MA100:	+2.49%
Price / MAexp7:	+0.67%
Price / MAexp20:	+2.25%
Price / MAexp50:	+3.13%
Price / MAexp100:	+1.09%

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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