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 11/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

44%

33%

My opinion

Bearish under 416.62 USD

My targets

412.92 USD (-0.50%)

411.61 USD (-0.82%)

My analysis

The strong short-term decrease of CORN should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 416.62 USD, a sale could be considered. The first bearish objective is located at 412.92 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 411.61 USD. If there is any crossing, the next objective would be support 409.98 USD. Caution, if there is a return to above 416.62 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.8

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 415.00 USD. The price registered a decrease of -0.84% on the session with the lowest point at 414.25 USD and the highest point at 418.75 USD. The deviation from the price is +0.18% for the low point and -0.90% for the high point.

414.25

418.75

415.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CORN chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	411.61	412.92	414.75	415.00	416.62	419.96	421.25
Change (%)	-0.82%	-0.50%	-0.06%	-	+0.39%	+1.20%	+1.51%
Change	-3.39	-2.08	-0.25	-	+1.62	+4.96	+6.25
Level	Minor	Minor	Intermediate	-	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	411.42	413.33	415.92	417.83	420.42	422.33	424.92
Camarilla	417.26	417.68	418.09	418.50	418.91	419.33	419.74
Woodie	411.75	413.50	416.25	418.00	420.75	422.50	425.25
Fibonacci	413.33	415.05	416.11	417.83	419.55	420.61	422.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	404.08	406.67	410.58	413.17	417.08	419.67	423.58
Camarilla	412.71	413.31	413.90	414.50	415.10	415.69	416.29
Woodie	404.75	407.00	411.25	413.50	417.75	420.00	424.25
Fibonacci	406.67	409.15	410.68	413.17	415.65	417.18	419.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	362.33	380.67	397.58	415.92	432.83	451.17	468.08
Camarilla	404.81	408.04	411.27	414.50	417.73	420.96	424.19
Woodie	361.63	380.31	396.88	415.56	432.13	450.81	467.38
Fibonacci	380.67	394.13	402.45	415.92	429.38	437.70	451.17

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):	44.85
MACD (12,26,9):	-0.0300
Directional Movement:	-5.48
AROON (14):	-35.71
DEMA (21):	416.90
Parabolic SAR (0,02-0,02-0,2):	418.00
Elder Ray (13):	-0.60
Super Trend (3,10):	419.21
Zig ZAG (10):	416.00
VORTEX (21):	0.9600
Stochastique (14,3,5):	51.35
TEMA (21):	416.58
Williams %R (14):	-65.00
Chande Momentum Oscillator (20):	-2.50
Repulse (5,40,3):	-0.3800
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.60

MA7:	414.46
MA20:	412.70
MA50:	412.99
MA100:	411.78
MAexp7:	416.48
MAexp20:	416.92
MAexp50:	416.43
MAexp100:	415.41
Price / MA7:	+0.13%
Price / MA20:	+0.56%
Price / MA50:	+0.49%
Price / MA100:	+0.78%
Price / MAexp7:	-0.36%
Price / MAexp20:	-0.46%
Price / MAexp50:	-0.34%
Price / MAexp100:	-0.10%

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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