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Corn Futures Bearish By 5% In The Last 10 Sessions

Corn Futures Bearish By 5% In The Last 10 Sessions
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(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).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.