It seems like a bearish flag pattern, which is building up in the Corn futures. So this could result in another short-term bearish impulse.
According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months).
My personal long-term view on the agriculture commodities is of course very bullish - but we can go still one level lower over the next months ...
According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months).
My personal long-term view on the agriculture commodities is of course very bullish - but we can go still one level lower over the next months ...
Catatan
The first level of support has been reached. 518 USX should hold. Otherwise, we're going to see 467 USX soon ...
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.