Corn: Buy Dips
The current declines are a regular counter trend dip, triggered after hitting the weekly resistance area around 3.85. This decline could continue for a couple of days after which base building should occur around the key support at 3.649. here the weekly cloud support and daily retracements and regressions fall together. Note that base building can easily take up to 3 weeks to fully pan out.
Expect a bit more weakness followed by a period of choppiness. The longer term remains bullish targeting 3.85 and 4.07 after that.
Primary trend: positive
Outlook: regular counter trend dip, positive
Strategy: hold-long and/or buy dips
Support: 3.649 / 3.592
Resistance: 3.85 / 4.07+
Outlook cancelled/neutralized below 3.592
CORNUSD
Expect a bit more weakness followed by a period of choppiness. The longer term remains bullish targeting 3.85 and 4.07 after that.
Primary trend: positive
Outlook: regular counter trend dip, positive
Strategy: hold-long and/or buy dips
Support: 3.649 / 3.592
Resistance: 3.85 / 4.07+
Outlook cancelled/neutralized below 3.592
CORNUSD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.