Corn Futures Bearish By 5% In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 5.61% for the last 10 sessions. At 05:58 EST on Tuesday, 8 August, Corn (ZC) is $492.00.

Volume

Today’s last reported volume for Corn is 12067, 90.91% below its average volume of 132754.05.

Volatility

Corn’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.94%, a negative 2.98%, and a positive 6.24%, respectively.

Corn’s highest amplitude of average volatility was 1.65% (last week), 5.44% (last month), and 6.24% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Corn’s commodity is considered to be oversold (<=20).

News about

  • According to FXStreet on Tuesday, 8 August, "Also, the EIA Crude Oil Stocks Change for the week ending August 4 will be released. "
  • Crude oil forecast: A bullish outlook for crude oil markets – 08 August 2023. According to DailyForex on Tuesday, 8 August, "The West Texas Intermediate Crude Oil market was a sight to behold during Monday’s trading session, showing remarkable strength as it made a daring attempt to surpass the critical $82.50 resistance level. ", "Both the WTI Crude Oil and Brent markets are currently riding high on bullish momentum, driven by the anticipation of a tightening oil supply through Saudi Arabia’s production cuts. "
  • According to DailyForex on Sunday, 6 August, "Because energy prices have risen slightly in the U.S. over the last month due to higher Crude Oil prices, a slight rise in the CPI would not be unexpected. "

More news about Corn (ZC).

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