Trial now
INDIA

Indian Issuance Plan Looms

SCHATZ TECHS

(Z1) Trend Conditions Remains Bearish

BOBL TECHS

(Z1) Needle Still Points South

BUND TECHS

(Z1) Bear Trend Sequence Intact

OIL

WTI Topples $75/bbl Handle

Sign up now for free access to this content.

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

  • RES 4: $638.00 - High May 7 and the bull trigger
  • RES 3: $611.25/28.25 - High Jul 1 / High Jun 10
  • RES 2: $586.63 - 76.4% of the Jul 1 - 9 sell-off / 611.25 - High Jul 1
  • RES 1: $573.00 - High Jul 21
  • PRICE: $547.50 @ 13:17 BST Jul 28
  • SUP 1: $507.00 - Low Jul 9
  • SUP 2: $500.25 - Low May 26 and the bear trigger
  • SUP 3: $481.50 - Low Apr 7
  • SUP 4: $449.50 - Low Mar 30

Corn futures are unchanged and remain below last week's high of $573.00 on Jul 21. A bearish theme remains intact and the focus is on support at $507.00, Jul 9 low and $500.25, May 26 low. Clearance of these levels would confirm a resumption of the move lower that started May 7 and would signal scope for a sell-off to $481.50, the Apr 7 low. For bulls, clearance of $573.00 would instead open $611.25, Jul 1 high.