CBOT December Corn May Fall to $4.57-1/4, Technical Analysis Says
Technical analysis says CBOT December corn may break support at $4.73 per bushel and fall to $4.57-1/4, citing a weak bounce and a continuing downtrend from $5.49-3/4.
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Technical analysis says CBOT December corn may break support at $4.73 per bushel and fall to $4.57-1/4, citing a weak bounce and a continuing downtrend from $5.49-3/4.
For more technical analysis, please click TECH/C SINGAPORE, Oct 16 (Reuters) — CBOT December corn may fall into a range of $4.72-1/2 to $4.75-1/4, as it seems to have broken a support at $4.78-1/4 per bushel. Although the market keeps hovering around this support, it has briefly pierced below it many times. As long as
For more technical analysis, please click TECH/C SINGAPORE, Oct 15 (Reuters) — CBOT December corn is expected to break a support at $4.78-1/4 and fall into a range of $4.72-1/2 to $4.75-1/4 per bushel. The contract's failure to break a resistance at $4.87-1/4 and the following drop suggest that a bounce from $4.70-1/4
For more technical analysis, please click TECH/C SINGAPORE, Oct 14 (Reuters) — CBOT December corn is expected to fall to $4.78-1/4 per bushel, as suggested by a retracement analysis. Following its failure to break the resistance at $4.87-1/4, the market broke the support at $4.83-1/4, the 38.2% retracement. The break o
Reuters technical analyst Wang Tao says CBOT December corn may retest $5.19/bu, with support at $5.14-3/4 and resistance at $5.26.
CBOT December corn may revisit its September 2 high of $5.49-3/4 per bushel, as the uptrend from $4.57-1/2 could have resumed. The resumption was confirmed by a bullish wedge and a strong surge on Monday. The nearest support is at $5.39-3/4, a break below which may trigger a fall into $5.33-3/4 to $5.37-1/4 range.
CBOT December corn may move into a range of $5.37-1/4 to $5.39-3/4 per bushel, driven by a wave c. Support is at $5.30-3/4, a break below which may trigger a fall into the $5.24-1/2 to $5.28 range.
For more technical analysis, please click TECH/C SINGAPORE, Sept 18 (Reuters) — CBOT December corn may break a support at $5.28 per bushel, and fall into $5.22-1/4 to $5.24-1/2 range. The contract has fallen below a rising channel. The fall confirmed a completion of the bounce from $5.23-1/4. A duplicated channel indic