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

(VIANEWS) – Corn (ZC) has been up by 5.53% for the last 10 sessions. At 05:52 EST on Tuesday, 1 August, Corn (ZC) is $512.50.

Volume

Today’s last reported volume for Corn is 11166, 91.57% below its average volume of 132543.82.

Volatility

Corn’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.09%, a negative 5.96%, and a positive 6.85%, respectively.

Corn’s highest amplitude of average volatility was 1.12% (last week), 7.89% (last month), and 6.85% (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 DailyForex on Sunday, 30 July, "The West Texas Intermediate Crude Oil market rallied a bit during the trading week, breaking toward the $80 level. "
  • According to DailyForex on Monday, 31 July, "The ability of the USD/MXN to create and sustain lower price realms has been significant and the higher price of Crude Oil which is being demonstrated now, adds to this flourish of strength for the Mexican Peso."
  • According to FXStreet on Monday, 31 July, "That said, the US Dollar Index (DXY) remains indecisive around 101.75 following the previous day’s retreat while prices of Gold and Crude Oil eased to around $1,957 and $80.20 of late."

More news about Corn (ZC).

Leave a Reply

Your email address will not be published.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