Strike Analytics

Corn CBT Futures [CBT]

16 Feb 202110:40 AM

Corn may have finally completed wave 5 of the rally that started from July. We can clearly see a negative divergence on the RSI indicator. It could result in a period of consolidation or a deeper retracement of the entire advance. The 40 day average is that 509 and the 38.2% retracement is at 481

Corn may have finally completed wave 5 of the rally that started from July. We can clearly see a negative divergence on the RSI indicator

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