Mais Analisi Tecnica | Mais Trading: 2021-06-25 | IFCM Italy
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Mais Analisi Tecnica - Mais Trading: 2021-06-25

Mais Technical Analysis Summary

Neutro
SellBuy
Forte Di VendereForte Acquistare

Sotto 537.5

Sell Stop

Sopra 622.9

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analyst
Articoli2785
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutro
Parabolic SAR Sell

Mais Chart Analysis

Mais Chart Analysis

Mais Analisi Tecnica

The #C-CORN technical analysis of the price chart in daily timeframe shows #C-CORN,Daily is falling above the 200-period moving average MA(200), which is rising still. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 537.5. A pending order to sell can be placed below that level. The stop loss can be placed above 622.9. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale Materie Prime - Mais

USDA downgraded nationwide corn crop condition rating for 2021 corn. Will the CORN price retreating halt?

On Monday US Department of Agriculture released its latest Crop Progress Report indicating quality of the corn crop nationwide continued to deteriorate. USDA's weekly report showed that 65% of the corn crop nationally is rated good to excellent, down from 68% last week. That also compares to this time last year when 72% of the crop was in good to excellent shape. It also showed 6% of the crop nationally is in poor to very poor condition with conditions in the top corn producing states slipping, with Iowa’s growing conditions down 7 points. Conditions have deteriorated also in Illinois, Indiana, Minnesota Dakotas and Ohio. Lower supply expectations are bullish for corn price. However the technical setup is bearish for #C-CORN.

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Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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