CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	C
ISIN:

CORN - Weekly - Technical analysis published on 09/16/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 435.67 USD

My targets

387.67 USD (-5.62%)

367.21 USD (-10.60%)

My analysis

The bearish trend is currently very strong for CORN. As long as the price remains below the resistance at 435.67 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 387.67 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 367.21 USD as an objective. Crossing it would then enable sellers to target 282.43 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Technical indicators are neural in the very short term 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 farmpro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORN rating is 410.75 USD. Over 5 days, this instrument gained +0.86% with the lowest point at 397.00 USD and the highest point at 414.00 USD. The deviation from the price is +3.46% for the low point and -0.79% for the high point.

397.00

414.00

410.75

Here is a more detailed summary of the historical variations registered by CORN:

Technical

Technical analysis of CORN in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 4 are neutral and 8 are bearish. 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.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	241.50	282.43	367.21	410.75	469.33	592.00	694.25
Change (%)	-41.21%	-31.24%	-10.60%	-	+14.26%	+44.13%	+69.02%
Change	-169.25	-128.32	-43.54	-	+58.58	+181.25	+283.50
Level	Minor	Intermediate	Major	-	Major	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	403.67	406.08	408.17	410.58	412.67	415.08	417.17
Camarilla	409.01	409.43	409.84	410.25	410.66	411.08	411.49
Woodie	403.50	406.00	408.00	410.50	412.50	415.00	417.00
Fibonacci	406.08	407.80	408.86	410.58	412.30	413.36	415.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	403.67	406.08	408.17	410.58	412.67	415.08	417.17
Camarilla	409.01	409.43	409.84	410.25	410.66	411.08	411.49
Woodie	403.50	406.00	408.00	410.50	412.50	415.00	417.00
Fibonacci	406.08	407.80	408.86	410.58	412.30	413.36	415.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	363.67	374.33	387.67	398.33	411.67	422.33	435.67
Camarilla	394.40	396.60	398.80	401.00	403.20	405.40	407.60
Woodie	365.00	375.00	389.00	399.00	413.00	423.00	437.00
Fibonacci	374.33	383.50	389.17	398.33	407.50	413.17	422.33

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):	37.58
MACD (12,26,9):	-21.1100
Directional Movement:	-13.57
AROON (14):	-78.57
DEMA (21):	395.81
Parabolic SAR (0,02-0,02-0,2):	416.00
Elder Ray (13):	-3.42
Super Trend (3,10):	444.59
Zig ZAG (10):	410.25
VORTEX (21):	0.8600
Stochastique (14,3,5):	27.33
TEMA (21):	395.18
Williams %R (14):	-70.12
Chande Momentum Oscillator (20):	-10.50
Repulse (5,40,3):	2.1800
ROCnROLL:	2
TRIX (15,9):	-0.7000
Courbe Coppock:	25.12

MA7:	407.43
MA20:	401.70
MA50:	404.07
MA100:	433.98
MAexp7:	407.32
MAexp20:	424.76
MAexp50:	466.99
MAexp100:	500.40
Price / MA7:	+0.81%
Price / MA20:	+2.25%
Price / MA50:	+1.65%
Price / MA100:	-5.35%
Price / MAexp7:	+0.84%
Price / MAexp20:	-3.30%
Price / MAexp50:	-12.04%
Price / MAexp100:	-17.92%

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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