NewsSignals
NewsSignals AI analysis·Reuters·

CBOT corn may revisit June 30 low $4.25-3/4

Grade Bbearish AI signal
CBOT December corn faces further downside risk after breaking below the key $4.42-1/2 support, potentially exposing its June 30 low of $4.25-3/4 per bushel. The $4.42-1/2 level has become resistance, while a move above $4.44-3/4 would be needed to signal a potential hourly trend reversal. Corn could extend its decline toward $4.25-3/4 unless buyers regain control and stabilize the market.

Bullish strength: 20/100

  • A break above $4.42-1/2 could trigger a recovery toward $4.55.
  • Stabilization around $4.25-3/4 could create a double-bottom, wedge, or triangle pattern.

Bearish strength: 80/100

  • December corn has broken below the $4.42-1/2 support.
  • The June 30 low of $4.25-3/4 is the next potential downside target.
  • The hourly downtrend remains intact below $4.44-3/4.
  • A break below $4.38-3/4 could trigger a decline toward $4.35-1/2 to $4.37-1/4.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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