1M: Corn Futures multiyear down trend likely in progress
Updated
As above.
Multidecade trend channel in progress with clear resistance/sell zones and support/demand zones.
Multiyear bearish RSI divergence on the 1M chart and decreasing volume suggests continued fall in corn futures price action over the next few years.
Will follow.
Multidecade trend channel in progress with clear resistance/sell zones and support/demand zones.
Multiyear bearish RSI divergence on the 1M chart and decreasing volume suggests continued fall in corn futures price action over the next few years.
Will follow.
Note
On target to demand zone as above..........
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.