MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z2) Trend Signals Remain Bullish

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: $699.50 - High Sep 12
  • PRICE: $672.25 @ 13:44 BST Sep 19
  • 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 trend condition in Corn futures remains bullish and the latest pullback is considered corrective. Recent gains 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 and opened $705.50, the Jun 22 high. Initial firm support lies at $654.00, the Sep 1 low.

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.