BULLISH ON CORN

2021년 12월 22일

Global uptrend, with an ascending triangle: the price has just broken up the resistance of the triangle.
The objective corresponds to the 50% Fibonacci extension level.
The bearish divergence on the Relative Strength Index (RSI) has just been invalidated
Fundamentals: dry climate conditions in South America (Argentina and Brazil) threaten corn (as well as soybeans)

=>BULLISH

2022년 1월 3일

노트

First objective almost reached. Now, 600 is a support

2022년 1월 13일

노트

The support around $6 per bushel is under pressure and due to the fundamental news (and the WASDE report of the USDA), I'm not bullish anymore.