MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: UK OCT RETAIL SALES -0.7% M/M, +2.4% Y/Y

MNI: UK NOV GFK CONSUMER CONFIDENCE INDEX -18

MNI JAPAN OCT CORE CPI +2.3% Y/Y; SEPT +2.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

(N1) Bullish Conditions Remain Intact

CORN TECHS
  • RES 4: $603.31 - 1.382 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 3: $600.00 - Psychological round number
  • RES 2: $593.63 - 1.236 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 1: $586.50 - High Apr 15
  • PRICE: $582.75 @ 13:44 BST Apr 19
  • SUP 1: $552.75 - Low Apr 13
  • SUP 2: $537.25 - Low Apr 5
  • SUP 3: $518.25 - Low Mar 30 and a key support
  • SUP 4: $511.75 - Low Mar 11

Corn futures outlook remains bullish. The contract resumed its uptrend last week trading to fresh trend highs. The move higher maintains the bullish price sequence of higher highs and higher lows, reinforcing a bullish theme with moving average studies remaining in a bull mode. The focus is on $593.63, a Fibonacci projection and the psychological $600.00 level. Initial support lies at $552.72, the Apr 13 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.