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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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(N2) Primary Trend Remains Up

CORN TECHS
  • RES 4: $840.00 - Round number resistance
  • RES 3: $837.88 - 2.764 proj of the Mar 16 - 23 - 29 price swing
  • RES 2: $830.31 - 2.618 proj of the Mar 16 - 23 - 29 price swing
  • RES 1: $824.50 - High Apr 29 and the bull trigger
  • PRICE: $787.25 @ 13:44 BST May 12
  • SUP 1: $769.00 - Low May 9
  • SUP 2: $752.63 - 50-day EMA
  • SUP 3: $738.25 - Low Apr 5
  • SUP 4: $695.50 - Low Mar 29

Corn futures remain below recent highs. The trend remains up though and the recent climb to $824.50, on Apr 29, reinforces bullish conditions. It marked an extension of the bullish price sequence of higher highs and higher lows. Moving average studies also point north, reflecting current sentiment. The focus is on $830.31 next, a Fibonacci projection. The current pullback is considered corrective. $752.63, the 50-day EMA, is the next key support.

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  • RES 4: $840.00 - Round number resistance
  • RES 3: $837.88 - 2.764 proj of the Mar 16 - 23 - 29 price swing
  • RES 2: $830.31 - 2.618 proj of the Mar 16 - 23 - 29 price swing
  • RES 1: $824.50 - High Apr 29 and the bull trigger
  • PRICE: $787.25 @ 13:44 BST May 12
  • SUP 1: $769.00 - Low May 9
  • SUP 2: $752.63 - 50-day EMA
  • SUP 3: $738.25 - Low Apr 5
  • SUP 4: $695.50 - Low Mar 29

Corn futures remain below recent highs. The trend remains up though and the recent climb to $824.50, on Apr 29, reinforces bullish conditions. It marked an extension of the bullish price sequence of higher highs and higher lows. Moving average studies also point north, reflecting current sentiment. The focus is on $830.31 next, a Fibonacci projection. The current pullback is considered corrective. $752.63, the 50-day EMA, is the next key support.