Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

CORN TECHS
  • RES 4: $460.00 - High Jul 15, 2019 (cont)
  • RES 3: $441.50 - High Jul 17, 2019 (cont)
  • RES 2: $439.50 - High Nov 30 and the bull trigger
  • RES 1: $434.75 - Intraday high
  • PRICE: $432.75 @ 13:32 GMT Dec 18
  • SUP 1: $414.88/50/88 - 50-day EMA / Low Dec 2
  • SUP 2: $408.75 - Low Nov 9
  • SUP 3: $402.25 - Low Nov 4
  • SUP 4: $396.00 - Low Oct 29 and the bear trigger
Corn futures have traded higher but still continue to trade below the $439.50 high from Nov 30. The recent break lower from this level resulted in a breach of trendline support drawn off the Aug 12 low and this signals scope for a deeper pullback. Clearance of $414.50, Dec 2 low would open 408.75, Nov 9 low. For bulls, a break above key resistance at $439.50 would reinstate a bullish focus
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com