Corn Futures Bearish Momentum With A 10% Drop In The Last 21 Sessions

(VIANEWS) – Corn (ZC) has been up by 10.52% for the last 21 sessions. At 02:55 EST on Friday, 5 July, Corn (ZC) is $419.00.

Volume

Today’s last reported volume for Corn is 112815, 16.63% below its average volume of 135324.15.

Volatility

Corn’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.79%, a negative 0.33%, and a positive 2.49%, respectively.

Corn’s highest amplitude of average volatility was 0.79% (last week), 0.69% (last month), and 2.49% (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, 3 July, "That said, concerns over a slowdown in global economic growth might hold back bulls from placing fresh bets and cap the upside for Crude Oil prices.", "Moreover, oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for Crude Oil prices is to the upside."

More news about Corn (ZC).

Leave a Reply

Your email address will not be published. Required fields are marked *