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Corn Futures Bearish Momentum With A 9% Slide In The Last 10 Sessions

Corn Futures Bearish Momentum With A 9% Slide In The Last 10 Sessions
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(VIANEWS) - Corn (ZC) has been up by 9.79% for the last 10 sessions. At 05:52 EST on Thursday, 29 June, Corn (ZC) is $539.25.

Volume

Today's last reported volume for Corn is 21278, 82.9% below its average volume of 124440.28.

Volatility

Corn's last week, last month's, and last quarter's current intraday variation average was a negative 8.66%, a negative 6.87%, and a positive 5.54%, respectively.

Corn's highest amplitude of average volatility was 8.66% (last week), 7.22% (last month), and 5.54% (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 forecast: traders using range-bound strategies as market consolidates - 28 June 2023. According to DailyForex on Wednesday, 28 June, "The WTI Crude Oil and Brent Crude markets remain range-bound, displaying a consolidation pattern that aligns with the summer season's typically subdued trading activity. ", "WTI Crude Oil is projected to be between $65 and $75, while Brent Crude's range is expected to fluctuate between approximately $70 and $80. "
  • Crude oil forecast: market outlook and potential challenges - 27 June 2023. According to DailyForex on Tuesday, 27 June, "Traders and investors should closely monitor the $70 and $75 levels for potential breakout opportunities in WTI Crude Oil while keeping an eye on the $75 and $80 levels for Brent.", "Ultimately, the WTI Crude Oil and Brent markets are currently navigating a challenging landscape marked by volatility and economic uncertainties. "
  • According to FXStreet on Tuesday, 27 June, "Also important will be the API Weekly Crude Oil Stock, prior -1.246M, for the period ended on June 23."

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.