Remko
Long

CBoT corn continued long play

CBOT:ZCZ2016   CORN FUTURES - ECBT
33 0 1
Corn:
Price mostly moved sideways during the past week but held well. The weekly candle (not attached/displayed) shows an almost perfect 'doji' which principally expresses doubt but we have no reason to believe that price will not continue its rally up and we keep our bull bias unchanged. Our pivotal supportive level remains unchanged at 336 for now.
The upper ascending line that starts at just below 364 on Monday and ends at 366 on Friday is expected to be broken during the coming week which will be the last confirmation that we need for our bull case scenario and after which we expect price to accelerate to the upside.
Our bottom line bias is up from here with essential support at 336.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out