Free Trial

(Z2) Bull Cycle Intact

CORN TECHS
  • RES 4: $766.25 - High May 16 and a key resistance
  • RES 3: $749.25 - High Jul 17 and a key resistance
  • RES 2: $705.50 - High Jun 22
  • RES 1: $699.25 - High Sep 12
  • PRICE: $692.50 @ 14:39 BST Sep 13
  • SUP 1: $654.00/604.00 - Low Sep 1 / Low Aug 18
  • SUP 2: $587.50/561.75 - Low Aug 3 / Low Jul 22 and key support
  • SUP 3: $549.00 - Low Jan 12
  • SUP 4: $539.25 - Low Dec 15 2021

The uptrend in Corn futures remains intact. Recent gains have resulted in a break of the 50-day EMA and a breach of resistance at $642.75, the Aug 12 high. This has strengthened a bullish condition. The continuation higher has also resulted in a break of $658.50, the Jul 11 high. Potential is seen for a climb towards $705.50, the Jun 22 high. Key support has been defined at $604.00, the Aug 18 low. Initial firm support lies at $654.00, the Sep 1 low.

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.