Continuous Corn Mixed
Corn – Weekly Cont: **Technicals showing mixed signals** Will Friday’s bump hold?
Dec21 leading the continuous chart. The lagging indicator turned negative but can turn neutral/positive with a confirmed bounce. The blue Tenkan cross below the red Kijun is bearish. Need a weekly close above the blue TenKan line. The slight uptrend channel was broken, could be labeled as a bear flag and could still target price action lower to 4.66-4.37 area
The green cloud offers up trending support, let’s see if Friday’s 4.97 holds. There is a big gap in volume by price between 4.25 to 5.20 area….Lots of volume at 5.47 will continue to act as a magnet. Above will target 5.89 as a key hurdle to get over…
Dec21 leading the continuous chart. The lagging indicator turned negative but can turn neutral/positive with a confirmed bounce. The blue Tenkan cross below the red Kijun is bearish. Need a weekly close above the blue TenKan line. The slight uptrend channel was broken, could be labeled as a bear flag and could still target price action lower to 4.66-4.37 area
The green cloud offers up trending support, let’s see if Friday’s 4.97 holds. There is a big gap in volume by price between 4.25 to 5.20 area….Lots of volume at 5.47 will continue to act as a magnet. Above will target 5.89 as a key hurdle to get over…
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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.