Just in:  

You are here: Home»Markets»Commodities»Asia»CBOT corn faces resistance at $7.51

CBOT corn faces resistance at $7.51

cornSINGAPORE: CBOT December corn faces a resistance at $7.51 per bushel, and may retrace to its Nov. 21 low of $7.38.


The resistance is at the 61.8 percent Fibonacci retracement on the fall from $7.29 to $7.10-1/2, strengthened by another one provided by the upper channel line of a falling channel.


A break above the resistance will signal the channel has been violated and the fall from $7.76 will be totally reversed.


Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.


No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.


Copyright Reuters, 2012



Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln