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 05/02/2021 (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 657.50 USD

My targets

716.75 USD (+6.46%)

768.25 USD (+14.11%)

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 657.50 USD. The buyers” bullish objective is set at 716.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 768.25 USD. If there is any crossing, the next objective would be the resistance located at 838.75 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 price is 673.25 USD. The price registered an increase of +3.86% on the session and was between 645.25 USD and 673.25 USD. This implies that the price is at +4.34% from its lowest and at 0% from its highest.

645.25

673.25

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	534.00	563.75	657.50	673.25	768.25	838.75
Change (%)	-20.68%	-16.26%	-2.34%	-	+14.11%	+24.58%
Change	-139.25	-109.50	-15.75	-	+95.00	+165.50
Level	Intermediate	Intermediate	Intermediate	-	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	626.58	635.92	654.58	663.92	682.58	691.92	710.58
Camarilla	665.55	668.12	670.68	673.25	675.82	678.38	680.95
Woodie	631.25	638.25	659.25	666.25	687.25	694.25	715.25
Fibonacci	635.92	646.61	653.22	663.92	674.61	681.22	691.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	586.00	607.75	640.50	662.25	695.00	716.75	749.50
Camarilla	658.26	663.26	668.25	673.25	678.25	683.24	688.24
Woodie	591.50	610.50	646.00	665.00	700.50	719.50	755.00
Fibonacci	607.75	628.57	641.43	662.25	683.07	695.93	716.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	463.25	490.25	519.00	546.00	574.75	601.75	630.50
Camarilla	532.42	537.53	542.64	547.75	552.86	557.97	563.08
Woodie	464.13	490.69	519.88	546.44	575.63	602.19	631.38
Fibonacci	490.25	511.55	524.70	546.00	567.30	580.45	601.75

Numerical data

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

Technical indicators

Moving averages

RSI (14):	76.61
MACD (12,26,9):	27.2400
Directional Movement:	30.78
AROON (14):	71.43
DEMA (21):	645.65
Parabolic SAR (0,02-0,02-0,2):	629.50
Elder Ray (13):	31.25
Super Trend (3,10):	605.94
Zig ZAG (10):	673.25
VORTEX (21):	1.2400
Stochastique (14,3,5):	75.67
TEMA (21):	660.81
Williams %R (14):	-9.07
Chande Momentum Oscillator (20):	79.25
Repulse (5,40,3):	6.2800
ROCnROLL:	1
TRIX (15,9):	0.5200
Courbe Coppock:	25.99

MA7:	649.04
MA20:	603.29
MA50:	569.88
MA100:	533.36
MAexp7:	645.93
MAexp20:	612.94
MAexp50:	577.22
MAexp100:	536.59
Price / MA7:	+3.73%
Price / MA20:	+11.60%
Price / MA50:	+18.14%
Price / MA100:	+26.23%
Price / MAexp7:	+4.23%
Price / MAexp20:	+9.84%
Price / MAexp50:	+16.64%
Price / MAexp100:	+25.47%

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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