CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Commodities
Ticker:	C
ISIN:

CORN - Daily - Technical analysis published on 03/27/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 352.73 USD

My targets

335.25 USD (-3.87%)

315.50 USD (-9.53%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CORN as long as the price remains well below 352.73 USD. The sellers” bearish objective is set at 335.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 315.50 USD. In case of crossing, the next objective would be the support located at 259.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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

Additional analysis

Quotes

The CORN price is 348.75 USD. The price registered an increase of +0.07% on the session and was between 343.75 USD and 349.25 USD. This implies that the price is at +1.45% from its lowest and at -0.14% from its highest.

343.75

349.25

348.75

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

Bullish opening

Type : Bullish

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 results:

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 this Daily chart of CORN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	259.00	315.50	335.25	348.75	352.73	367.78	387.30
Change (%)	-25.73%	-9.53%	-3.87%	-	+1.14%	+5.46%	+11.05%
Change	-89.75	-33.25	-13.50	-	+3.98	+19.03	+38.55
Level	Minor	Intermediate	Major	-	Major	Major	Major

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	327.50	332.75	340.00	345.25	352.50	357.75	365.00
Camarilla	343.81	344.96	346.10	347.25	348.40	349.54	350.69
Woodie	328.50	333.25	341.00	345.75	353.50	358.25	366.00
Fibonacci	332.75	337.53	340.48	345.25	350.03	352.98	357.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	343.33	353.42	359.58	369.67	375.83	385.92	392.08
Camarilla	361.28	362.77	364.26	365.75	367.24	368.73	370.22
Woodie	341.38	352.44	357.63	368.69	373.88	384.94	390.13
Fibonacci	353.42	359.62	363.46	369.67	375.87	379.71	385.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	338.42	352.08	360.17	373.83	381.92	395.58	403.67
Camarilla	362.27	364.26	366.26	368.25	370.24	372.24	374.23
Woodie	335.63	350.69	357.38	372.44	379.13	394.19	400.88
Fibonacci	352.08	360.39	365.53	373.83	382.14	387.28	395.58

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):	37.70
MACD (12,26,9):	-9.4300
Directional Movement:	-12.29
AROON (14):	-64.29
DEMA (21):	347.54
Parabolic SAR (0,02-0,02-0,2):	355.90
Elder Ray (13):	-4.56
Super Trend (3,10):	365.02
Zig ZAG (10):	348.50
VORTEX (21):	0.8200
Stochastique (14,3,5):	27.52
TEMA (21):	342.03
Williams %R (14):	-67.49
Chande Momentum Oscillator (20):	-24.25
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	-0.2900
Courbe Coppock:	16.40

MA7:	343.96
MA20:	362.73
MA50:	374.70
MA100:	378.18
MAexp7:	348.38
MAexp20:	359.03
MAexp50:	369.97
MAexp100:	376.48
Price / MA7:	+1.39%
Price / MA20:	-3.85%
Price / MA50:	-6.93%
Price / MA100:	-7.78%
Price / MAexp7:	+0.11%
Price / MAexp20:	-2.86%
Price / MAexp50:	-5.74%
Price / MAexp100:	-7.37%

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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