NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Nov 1, 2014 08:27 AM CDT

Corn (Futures): The December contract closed at $3.76 3/4, 56cts higher for the month. The major (long-term) trend has turned up. October saw the December contract establish a new low of $3.18 1/4 before rallying above the September high of $3.67 1/2, establishing a bullish key reversal on the monthly chart. In conjunction with that, monthly stochastics established a secondary (confirming) bullish crossover below the oversold level of 20% but above the initial crossover from January 2014. With the forward curve in the market indicating bearish fundamentals, the newly established major uptrend could find resistance near $5.21, a price that ...

Quick View
Related News Stories
Kub's Den
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments