CORN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	C
ISIN:

CORN - Daily - Technical analysis published on 02/15/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

My opinion

Bullish above 534.00 USD

My targets

563.75 USD (+4.64%)

604.42 USD (+12.19%)

My analysis

CORN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 534.00 USD. The next resistance located at 563.75 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 604.42 USD. After this resistance, buyers could then target 673.00 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORN price is 538.75 USD. The price is lower by -0.42% since the last closing and was traded between 536.75 USD and 546.25 USD over the period. The price is currently at +0.37% from its lowest and -1.37% from its highest.

536.75

546.25

538.75

Here is a more detailed summary of the historical variations registered by CORN:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CORN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	463.00	500.50	534.00	538.75	563.75	673.00	768.25
Change (%)	-14.06%	-7.10%	-0.88%	-	+4.64%	+24.92%	+42.60%
Change	-75.75	-38.25	-4.75	-	+25.00	+134.25	+229.50
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	506.58	515.67	528.33	537.42	550.08	559.17	571.83
Camarilla	535.02	537.01	539.01	541.00	542.99	544.99	546.98
Woodie	508.38	516.56	530.13	538.31	551.88	560.06	573.63
Fibonacci	515.67	523.98	529.11	537.42	545.73	550.86	559.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	515.83	526.17	537.33	547.67	558.83	569.17	580.33
Camarilla	542.59	544.56	546.53	548.50	550.47	552.44	554.41
Woodie	516.25	526.38	537.75	547.88	559.25	569.38	580.75
Fibonacci	526.17	534.38	539.45	547.67	555.88	560.95	569.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	424.33	451.92	500.58	528.17	576.83	604.42	653.08
Camarilla	528.28	535.27	542.26	549.25	556.24	563.23	570.22
Woodie	434.88	457.19	511.13	533.44	587.38	609.69	663.63
Fibonacci	451.92	481.04	499.04	528.17	557.29	575.29	604.42

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.29
MACD (12,26,9):	15.4700
Directional Movement:	8.58
AROON (14):	78.57
DEMA (21):	556.53
Parabolic SAR (0,02-0,02-0,2):	572.27
Elder Ray (13):	0.44
Super Trend (3,10):	511.79
Zig ZAG (10):	539.50
VORTEX (21):	1.0400
Stochastique (14,3,5):	52.75
TEMA (21):	553.21
Williams %R (14):	-52.45
Chande Momentum Oscillator (20):	5.50
Repulse (5,40,3):	-1.1400
ROCnROLL:	-1
TRIX (15,9):	0.5600
Courbe Coppock:	9.55

MA7:	547.64
MA20:	537.06
MA50:	489.24
MA100:	446.04
MAexp7:	543.97
MAexp20:	533.72
MAexp50:	498.91
MAexp100:	459.20
Price / MA7:	-1.62%
Price / MA20:	+0.31%
Price / MA50:	+10.12%
Price / MA100:	+20.79%
Price / MAexp7:	-0.96%
Price / MAexp20:	+0.94%
Price / MAexp50:	+7.99%
Price / MAexp100:	+17.32%

Quotes : 2021-02-12 22:39:54 - 10 min delayed data - CBOT Futures

News

The last news published on CORN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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