US corn prices show signs of rising
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Last Update: 2001-11-16
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Source: Internet
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Author: User
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Introduction: USDA's excellent price rise last week is likely to confirm the final upward trend One of the strongest bullish signs is the market's response to the USDA's November 9 production report When the production report is released, we pay close attention to how the market responds to the differences between the forecast and the actual data before the report is released Particularly encouraging was the modest bearish response of the market as a whole to the USDA production report on November 9 But after the market opened, the market quickly ignored the data and the price rose This provides us with a series of signs of the market's positive response to the bearish report Buying pushed corn prices above the Gann resistance level, where the market had been blocked in its past attempts to rally, and now prices are higher than their previous highs This is another sign of a rise in prices What can be determined in the near future is that the technical indicators show that the main bottom has been established, and there is a 5-day wave rising market in the daily line The corn pattern is very similar (author:) share to feed Weibo share to:
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