Corn Futures Bearish Momentum With A 5% Drop In The Last 10 Sessions

(VIANEWS) – Corn (ZC) has been up by 5.67% for the last 10 sessions. At 13:52 EST on Friday, 16 February, Corn (ZC) is $428.00.

Volume

Today’s last reported volume for Corn is 106425, 15.85% below its average volume of 126472.18.

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 Thursday, 15 February, "Moreover, a fresh escalation of tension in the Middle East, which could disrupt supply from the oil-rich region, also fails to lend support to Crude Oil prices, favouring bearish traders.", "The data might influence the US Dollar (USD) price dynamics later during the early North American session and allow traders to grab short-term opportunities around Crude Oil prices."
  • According to FXStreet on Wednesday, 14 February, "According to the API Weekly Crude Oil Stock report, Crude inventories surged by 8.52 million barrels for the week ending on February 5, surpassing market expectations of a 2.6-million-barrel increase.", "Investors are now eagerly awaiting the release of the US Energy Information Administration’s Crude Oil Stocks Change data for the week ending on February 9, with expectations of a decline in stockpiles of Crude oil and its derivatives in the United States."

More news about Corn (ZC).

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