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Corn Futures Bullish Momentum With A 2% Jump In The Last 5 Sessions

ViaNews Editorial Team

February 5, 2024

Corn Futures Bullish Momentum With A 2% Jump In The Last 5 Sessions

(VIANEWS) - Corn (ZC) has been up by 2.96% for the last 5 sessions. At 22:50 EST on Sunday, 4 February, Corn (ZC) is $452.75.

Volume

Today's last reported volume for Corn is 6267, 95.32% below its average volume of 133986.76.

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

  • WTI crude oil weekly forecast: mid-term support challenged as risks escalate - 04 February 2024. According to DailyForex on Sunday, 4 February, "While the news of Middle East tensions certainly has gotten the attention of all it may take a larger event that is unforeseen to make the price of Crude Oil suddenly jump again. ", "If WTI Crude Oil falls below the 72.000 level and sees sustained trading beneath on Monday, this could be a strong indication other bearish factors are weighing on the commodity."

More news about Corn (ZC).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.