CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	C
ISIN:

CORN - 1H - Technical analysis published on 10/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

22%

39%

My opinion

Bearish under 406.85 USD

My targets

401.72 USD (-0.93%)

386.50 USD (-4.69%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CORN. As long as you are under the resistance located at 406.85 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 401.72 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 386.50 USD as an objective. Crossing it would then enable sellers to target 367.21 USD. If the resistance 406.85 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

Force

3.4

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

Additional analysis

Quotes

The CORN rating is 405.50 USD. The price is lower by -0.31% since the last closing and was traded between 404.75 USD and 409.50 USD over the period. The price is currently at +0.19% from its lowest and -0.98% from its highest.

404.75

409.50

405.50

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

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of CORN in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	367.21	386.50	401.72	405.50	406.85	417.25	421.25
Change (%)	-9.44%	-4.69%	-0.93%	-	+0.33%	+2.90%	+3.88%
Change	-38.29	-19.00	-3.78	-	+1.35	+11.75	+15.75
Level	Major	Minor	Major	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	392.83	395.92	401.33	404.42	409.83	412.92	418.33
Camarilla	404.41	405.19	405.97	406.75	407.53	408.31	409.09
Woodie	394.00	396.50	402.50	405.00	411.00	413.50	419.50
Fibonacci	395.92	399.16	401.17	404.42	407.66	409.67	412.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	398.58	406.92	411.33	419.67	424.08	432.42	436.83
Camarilla	412.24	413.41	414.58	415.75	416.92	418.09	419.26
Woodie	396.63	405.94	409.38	418.69	422.13	431.44	434.88
Fibonacci	406.92	411.79	414.80	419.67	424.54	427.55	432.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	371.00	384.00	406.50	419.50	442.00	455.00	477.50
Camarilla	419.24	422.49	425.75	429.00	432.25	435.51	438.76
Woodie	375.75	386.38	411.25	421.88	446.75	457.38	482.25
Fibonacci	384.00	397.56	405.94	419.50	433.06	441.44	455.00

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):	45.16
MACD (12,26,9):	0.7300
Directional Movement:	-5.83
AROON (14):	-7.14
DEMA (21):	407.77
Parabolic SAR (0,02-0,02-0,2):	409.50
Elder Ray (13):	-1.39
Super Trend (3,10):	405.12
Zig ZAG (10):	405.50
VORTEX (21):	1.0900
Stochastique (14,3,5):	36.66
TEMA (21):	408.02
Williams %R (14):	-89.47
Chande Momentum Oscillator (20):	-2.50
Repulse (5,40,3):	-0.9100
ROCnROLL:	2
TRIX (15,9):	0.0400
Courbe Coppock:	0.75

MA7:	408.64
MA20:	416.96
MA50:	407.92
MA100:	418.66
MAexp7:	406.71
MAexp20:	406.77
MAexp50:	406.26
MAexp100:	408.53
Price / MA7:	-0.77%
Price / MA20:	-2.75%
Price / MA50:	-0.59%
Price / MA100:	-3.14%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.31%
Price / MAexp50:	-0.19%
Price / MAexp100:	-0.74%

Quotes : - 10 min delayed data - CBOT Futures

News

Don't forget to follow the news on CORN. At the time of publication of this analysis, the latest news was as follows:

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

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