MNI BRIEF: BOJ Real Export Index in Q1 Falls 2.5% Q/Q

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

Contributions to the Y/Y change in CPI

Restaurants and hotels drive the upside surprise at first glance

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(N1) Uptrend Extends

CORN TECHS
  • RES 4: $751.44 - 3.618 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 3: $743.63 - 3.50 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 2: $735.81 - 3.382 proj of Jan 25 - Feb 9 - Feb 11 price swing
  • RES 1: $728.75 - Intraday high
  • PRICE: $723.50 @ 13:02 BST May 7
  • 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 current trend conditions and the underlying market sentiment. The focus is on $735.81 next, a Fibonacci projection. On the downside, firm support is seen at $629.50, Apr 28 low. Initial support is at $674.00.

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.