Corn Weekly Commodity Futures Price Chart : CBOT

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Weekly Commodity Futures Price Chart

Corn (CBOT)

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Contract Specifications:C,CBOT
Trading Unit: 5,000 bushels
Tick Size: 1/4 c/bushel ($12.50/contract)
Quoted Units: US $ per bushel
Initial Margin: $2,025   Maint Margin: $1,500
Contract Months: Mar, May, Jul, Sep, Dec
First Notice Day: Last business day of month preceding contract month.
Last Trading Day: The business day prior to the 15th calendar day of the contract month.
Trading Hours: 9:30 a.m. - 1:15 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Daily Limit: 20 cents/bu ($1,000/contract), none for spot month

Analysis

Thu 4/17/14

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: price is below the fast moving average. Its possible that we may see a market pullback here. if so, the pullback might turn out to be a good buying opportunity.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market is overbought and appears to be encountering resistance. Look for a top in this area.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (50.50) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is in bullish territory.upside move is likely.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (11.37) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is in bullish territory.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (119.39) recently crossed above the buy line into bullish territory, and is currently long. This long position should be liquidated when the CCI crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (119.39) is currently long. The current long position position will be reversed when the CCI crosses below zero.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 59.31). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 59.31). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending lower. In general this is bearish.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is DOWN. SlowK is starting to show the market is overbought. A top may not be far off

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is in overbought territory (SlowK is at 81.93); this indicates a possible market drop is coming. The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is DOWN. SlowK is showing the market is overbought. Look for a top soon.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Sponsor
Lt Crude 102.05
Nat Gas 4.703
Corn 511
Cotton #2 93.33
Gold 1289.8
Copper 3.1255
Euro 1.38270
USD Index 1.38270
SP500 E-mini 1876.00
DJIA E-mini 16467
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