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JET FUEL

Chinese Domestic Flight Activity

SILVER TECHS

Range Breakout

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(Z2) Watching Key Support

CORN TECHS
  • RES 4: $700.00 - Round number resistance
  • RES 3: $766.25 - High May 16 and a key resistance
  • RES 2: $749.25 - High Jul 17 and a key resistance
  • RES 1: $706.50/718.00 - High Oct 10 / 76.4% May 16-Jul 22 bear leg
  • PRICE: $664.25 @ 14:47 GMT Nov 9
  • SUP 1: $661.50 - Low Sep 28
  • SUP 2:$631.25/604.00 - Low Aug 23 / Low Aug 18
  • SUP 3: $587.50/561.75 - Low Aug 3 / Low Jul 22 and key support
  • SUP 4: $549.00 - Low Jan 12

Corn futures continue to trade below the Oct 10 high of $706.50. The contract is lower this week. The current bear leg is considered corrective and key short-term support lies at $661.50, the Sep 28 low. A break of this level would undermine the bullish theme and suggest scope for a deeper retracement. This would open $631.25, the Aug 23 low. On the upside, key resistance and the bull trigger has been defined at $706.50, the Oct 10 high.

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  • RES 4: $700.00 - Round number resistance
  • RES 3: $766.25 - High May 16 and a key resistance
  • RES 2: $749.25 - High Jul 17 and a key resistance
  • RES 1: $706.50/718.00 - High Oct 10 / 76.4% May 16-Jul 22 bear leg
  • PRICE: $664.25 @ 14:47 GMT Nov 9
  • SUP 1: $661.50 - Low Sep 28
  • SUP 2:$631.25/604.00 - Low Aug 23 / Low Aug 18
  • SUP 3: $587.50/561.75 - Low Aug 3 / Low Jul 22 and key support
  • SUP 4: $549.00 - Low Jan 12

Corn futures continue to trade below the Oct 10 high of $706.50. The contract is lower this week. The current bear leg is considered corrective and key short-term support lies at $661.50, the Sep 28 low. A break of this level would undermine the bullish theme and suggest scope for a deeper retracement. This would open $631.25, the Aug 23 low. On the upside, key resistance and the bull trigger has been defined at $706.50, the Oct 10 high.