MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H1) Bull Trend Intact

CORN TECHS
  • RES 4: $464.25 - High Jun 17, 2019 (cont) and a key resistance
  • RES 3: $460.00 - High Jul 15, 2019 (cont)
  • RES 2: $441.50 - High Jul 17, 2019 (cont)
  • RES 1: $435.75 - High Nov 12 and the bull trigger
  • PRICE: $432.00 @ 12:55 GMT Nov 20
  • SUP 1: $414.69/13.50 - Trendline drawn off Aug 12 low / Low Nov 13
  • SUP 2: $408.75 - Low Nov 9
  • SUP 3: $402.63 - 50-day EMA
  • SUP 4: $396.00 - Low Oct 29 and the bear trigger

Corn futures rallied on Nov 10 clearing the former key resistance at $422.25, Oct 27 and Nov 5 high and a bull trigger. The break confirms a resumption of the uptrend that started early August and maintains the bullish price structure of higher highs and higher lows. Price action also remains above a trendline support drawn off the Aug 12 low. The line intersects at $412.38 and represents a key trend support. The focus is on the recent high of $435.75.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.