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

(VIANEWS) – Corn (ZC) has been up by 10.6% for the last 21 sessions. At 14:51 EST on Tuesday, 16 July, Corn (ZC) is $409.25.

Volume

Today’s last reported volume for Corn is 138496, 0.98% above its average volume of 137145.31.

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 Monday, 15 July, "Concerns about supply disruptions stemming from the ongoing conflicts in the Middle East turn out to be another factor lending some support to Crude Oil prices. ", "This might hold back the USD bulls from placing aggressive bets and continue to act as a tailwind for Crude Oil prices. "
  • According to FXStreet on Tuesday, 16 July, "This adds to worries about a slowdown in the world’s second-largest economy and waning fuel demand in the world’s biggest oil importer, which, in turn, is seen as a key factor exerting some downward pressure on Crude Oil prices.", "Apart from this, concerns about supply disruptions stemming from the ongoing conflicts in the Middle East should act as a tailwind for Crude Oil prices and help limit deeper losses. "

More news about Corn (ZC).

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