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Corn Futures Bearish By 7% In The Last 21 Sessions

(VIANEWS) – Corn (ZC) has been up by 7.95% for the last 21 sessions. At 02:53 EST on Thursday, 6 July, Corn (ZC) is $495.25.

Volume

Today’s last reported volume for Corn is 9037, 93.09% below its average volume of 130962.25.

Volatility

Corn’s last week, last month’s, and last quarter’s current intraday variation average was a negative 13.71%, a negative 8.84%, and a positive 6.42%, respectively.

Corn’s highest amplitude of average volatility was 13.71% (last week), 8.92% (last month), and 6.42% (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 overbought (>=80).

News about

  • According to FXStreet on Wednesday, 5 July, "Western Texas Intermediate (WTI) Crude Oil prices come under renewed selling pressure on Wednesday and reverse a major part of the previous day’s positive move. ", "WTI Crude Oil price might then surpass an intermediate hurdle near the mid-$72.00 mark and aim to reclaim the $73.00 mark. "
  • According to FXStreet on Tuesday, 4 July, "Apart from this, a downtick in Crude Oil prices further undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair, though subdued US Dollar (USD) demand continues to cap the upside. ", "Despite supply woes from cuts for August by top exporters Saudi Arabia and Russia, Crude Oil prices remain on the defensive amid worries that a global economic downturn will dent fuel demand. "
  • Crude oil forecast: markets display uncertainty on Monday – 04 July 2023. According to DailyForex on Tuesday, 4 July, "On the other hand, the Brent Crude Oil market is expected to consolidate, with support at the $70 level and resistance at $80. ", "The US Oil (WTI Crude Oil) and Brent Crude Oil markets faced challenges during Monday’s trading session. "
  • Crude oil forecast: markets navigate holiday trading – 05 July 2023. According to DailyForex on Wednesday, 5 July, "The West Texas Intermediate (WTI) Crude Oil market experienced a minor rally during Tuesday’s trading session. ", "The WTI Crude Oil market witnessed a modest rally during holiday trading, with the 50-Day EMA acting as a resistance level. "

More news about Corn (ZC).

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