MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(H2) Trend Structure Remains Bullish

CORN TECHS
  • RES 4: $663.25 - 3.00 proj of the Sep 10 - Oct 4 - 13 price swing
  • RES 3: $650.00 - Round number resistance
  • RES 2: $644.56 - 2.618 proj of the Sep 10 - Oct 4 - 13 price swing
  • RES 1: $642.50 - High Jan 31 and the bull trigger
  • PRICE: $635.75 @ 13:44 GMT Feb 9
  • SUP 1: $610.25 - Low Feb 3
  • SUP 2: $604.56/584.75 - 50-day EMA / Low Jan 3
  • SUP 3: $562.50 - Low Nov 3.0 and a key support
  • SUP 4: $557.50 - Low Nov 9

Corn futures are unchanged. The contract remains in a clear uptrend and short-term pullbacks are considered corrective. The contract traded higher early last week reinforcing bullish conditions. Price has recently cleared the late December high of $617.75, highlighting a resumption of the uptrend that maintains a bullish price sequence of higher highs and higher lows. The focus is on $644.56, a Fibonacci projection. Key support is at $584.75, Jan 3 low.

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.