Corn (July)
Technicals: July corn futures were able to chew through significant resistance during yesterday’s session, which has opened the door for an extension towards our next resistance pocket, 769-773. This pocket represents the lower high from the end of May, as well as the 50-day moving average. If the Bulls can keep the momentum going and chew through this resistance pocket, a retest of the psychologically significant $8.00 handle wouldn’t be out of the question.
Bias: Neutral
Previous Session Bias: Neutral/Bearish
Resistance: 769-773 ½***, 789 ½-790 ½**, 800-803 ¾**
Support: 747-753****, 729-733**, 716-720 ½****
Technicals: July corn futures were able to chew through significant resistance during yesterday’s session, which has opened the door for an extension towards our next resistance pocket, 769-773. This pocket represents the lower high from the end of May, as well as the 50-day moving average. If the Bulls can keep the momentum going and chew through this resistance pocket, a retest of the psychologically significant $8.00 handle wouldn’t be out of the question.
Bias: Neutral
Previous Session Bias: Neutral/Bearish
Resistance: 769-773 ½***, 789 ½-790 ½**, 800-803 ¾**
Support: 747-753****, 729-733**, 716-720 ½****
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.