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

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: $743.63 - 3.50 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 3: $735.81 - 3.382 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 2: $726.13 - 2.236 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 1: $722.50 - Intraday high
  • PRICE: $711.00 @ 13:44 BST May 6
  • SUP 1: $674.00 - Low May 3
  • SUP 2: $629.50 - Low Apr 28 and key support
  • SUP 3: $604.50 - Low Apr 22
  • SUP 4: $571.50 - Low Apr 16

Corn futures outlook remains bullish and the contract has traded higher again today. The uptrend has recently accelerated following the break in early April of $556.25, Feb 9 high. Moving average studies remain in a bull mode, reinforcing trend conditions and underlying market sentiment. The focus is on $726.13 next, a Fibonacci projection. On the downside, firm support is seen at $629.50, Apr 28 low.