Free Trial

Germany Pushing Towards Coal in Early-August


1.25% Jul-51




TTF Lower: Storage In Line with Normal

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(N1) Corrective Cycle

  • RES 4: $800.00 - High Jul 2013 and a psychological resistance
  • RES 3: $751.44 - 3.618 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 2: $743.63 - 3.50 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 1: $735.25 - High May 7 and key resistance
  • PRICE: $661.50 @ 13:44 BST May 20
  • SUP 1: $633.00 - Low May 17
  • SUP 2: $629.50 - Low Apr 28 and key support
  • SUP 3: $617.25 - 50-day EMA
  • SUP 4: $588.25 - Low Apr 21

Corn futures are in a corrective phase following last week's sell-off. Price has traded through the 20-day EMA and this suggests short-term potential for a move towards the 50-day EMA at $617.25. The 50-day EMA represents a strong area of support. On the upside, key resistance has been defined at $735.25, the May 7 high. A break would confirm a resumption of the underlying uptrend.

MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.