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 04/21/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 586.75 USD

My targets

613.75 USD (+2.98%)

642.50 USD (+7.80%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CORN as long as the price remains well above 586.75 USD. The buyers” bullish objective is set at 613.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 642.50 USD. If there is any crossing, the next objective would be the resistance located at 673.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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 SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORN rating is 596.00 USD. On the day, this instrument gained +0.68% with the lowest point at 592.75 USD and the highest point at 596.50 USD. The deviation from the price is +0.55% for the low point and -0.08% for the high point.

592.75

596.50

596.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CORN in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	534.00	563.75	594.00	596.00	673.00	768.25	838.75
Change (%)	-10.40%	-5.41%	-0.34%	-	+12.92%	+28.90%	+40.73%
Change	-62.00	-32.25	-2.00	-	+77.00	+172.25	+242.75
Level	Intermediate	Major	Major	-	Minor	Intermediate	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	566.42	573.58	583.17	590.33	599.92	607.08	616.67
Camarilla	588.14	589.68	591.22	592.75	594.29	595.82	597.36
Woodie	567.63	574.19	584.38	590.94	601.13	607.69	617.88
Fibonacci	573.58	579.98	583.94	590.33	596.73	600.69	607.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	530.83	548.17	566.83	584.17	602.83	620.17	638.83
Camarilla	575.60	578.90	582.20	585.50	588.80	592.10	595.40
Woodie	531.50	548.50	567.50	584.50	603.50	620.50	639.50
Fibonacci	548.17	561.92	570.42	584.17	597.92	606.42	620.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	475.25	502.25	531.00	558.00	586.75	613.75	642.50
Camarilla	544.42	549.53	554.64	559.75	564.86	569.97	575.08
Woodie	476.13	502.69	531.88	558.44	587.63	614.19	643.38
Fibonacci	502.25	523.55	536.70	558.00	579.30	592.45	613.75

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.39
MACD (12,26,9):	11.8300
Directional Movement:	17.89
AROON (14):	71.43
DEMA (21):	587.82
Parabolic SAR (0,02-0,02-0,2):	571.42
Elder Ray (13):	14.93
Super Trend (3,10):	552.91
Zig ZAG (10):	596.00
VORTEX (21):	1.1400
Stochastique (14,3,5):	81.66
TEMA (21):	592.61
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	42.50
Repulse (5,40,3):	1.9600
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	12.87

MA7:	588.39
MA20:	568.76
MA50:	555.28
MA100:	517.62
MAexp7:	586.83
MAexp20:	573.34
MAexp50:	553.37
MAexp100:	519.56
Price / MA7:	+1.29%
Price / MA20:	+4.79%
Price / MA50:	+7.33%
Price / MA100:	+15.14%
Price / MAexp7:	+1.56%
Price / MAexp20:	+3.95%
Price / MAexp50:	+7.70%
Price / MAexp100:	+14.71%

Quotes : - 10 min delayed data - CBOT Futures

News

The latest news and videos published on CORN at the time of the analysis were as follows:

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

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