Friday 19 Apr 2019

Technical forecast for Corn

By Jason Sen () · July 23, 2013 · Comments Off
Grains · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Corn for December retests July lows at 491/490 with today’s outlook quite negative. A break lower cannot be ruled out & in fact looks likely, to target a gap at 480. Below here risks a slide as far as 468/467.

Resistance at 502/503 should hold the topside & offer a selling opportunity. We need stops on shorts above 506 however for a selling opportunity at 509/510.

Grains

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Technical forecast for Corn

Elliott Wave View: S&P 500 Futures Eyeing New All-Time High

Launching Long Term Position Trading In Forex by Abe Cofnas

Currencies, Commodities and Intermarkets By Abe Cofnas

Currency Pairs – Key Characteristics By Abe Cofnas

Types of Charts and How They Are Constructed by Abe Cofnas

Elliott Wave View: S&P 500 Futures Eyeing New All-Time High

Elliott Wave View Favors More Upside in Facebook

GBPJPY : Will Pair Continue Lower?

Elliott Wave View: Nikkei Still Missing Wave 5

Elliott Wave View: Further Strength in FTSE