China and Japan cancel order for old-crop corn
Tổng quan phân tích kỹ thuật Ngô: Bán
| Chỉ thị | Giá trị | Tín hiệu |
| RSI | Bán | |
| MACD | Bán | |
| MA(200) | Trung lập | |
| Fractals | Trung lập | |
| Parabolic SAR | Bán | |
| Bollinger Bands | Trung lập |
Phân tích biểu đồ
On the daily timeframe, Corn: D1 broke down the uptrend support line. A number of technical analysis indicators formed signals for further decline. We do not rule out a bearish movement if Corn: D1 falls below the last lower fractal: 630. This level can be used as an entry point. The stop loss can be placed above the last upper fractal, the maximum since July 2013 and the Parabolic signal: 724. After opening the pending order, we can move the stop loss following the Bollinger and Parabolic signals to the next fractal maximum. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop-loss, moving it in the direction of the bias. If the price overcomes the stop loss (724) without activating the order (630), it is recommended to delete the order: the market sustained internal changes that were not taken into account.
Phân tích vĩ mô -
China and Japan have canceled orders for the supply of old-crop US corn. Will the Corn price continue to decline?
The USDA stated in its weekly export report that China canceled the shipment of 334 300 tons of US old-crop corn and Japan – 192 600 tons. Earlier, the USDA forecast an increase in global corn production and world stocks in the new 2021/2022 growing season. In theory, China may cut US corn purchases if US-China relations deteriorate.