Corn buy

Strong corn oversold

05 july 2022 141
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Agricultural commodities"
2nd in the segments "US stocks" and "Metals"
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The price of corn has declined by more than 20% over the past month. Quotes closed the gap that was formed back in February at the level of 623 - 624. The RSI has entered the extreme oversold zone (below 10), so at least a small rebound is urgently needed.


Before falling to the current local lows, the price was kept by the support range of 655 - 660. The "bulls" are able to use this range as a target for a rebound upwards.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Agricultural commodities"
2nd in the segments "US stocks" and "Metals"
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