By Jim Wyckoff
Of DOW JONES NEWSWIRES
MAY CORN
May corn on Monday hit a fresh seven-week high and then did back off to close
weaker and nearer the session low to produce a bearish "outside day" down on
the daily bar chart. Bullish outside markets Monday--higher crude oil prices,
sharply higher U.S. stock indexes and a lower U.S. dollar--did not help out
corn Monday, and that's a bearish clue. However, a three-week-old uptrend is in
place on the daily bar chart. The next downside price objective for the bears
is to push and close prices below solid technical support at $3.75 a bushel.
The bulls' next upside price objective is to push and close prices above solid
technical resistance at $4.25. First resistance for May corn is seen at $4.00
and then at Monday's high of $4.03 3/4. First support is seen at Monday's low
of $3.92 1/2 and then at $3.90.
$8.22
the contract high
$3.87 1/4--- 10-day moving average
$3.74 1/2--- 20-day moving average
$3.76 1/2--- 40-day moving average
$3.15 3/4 --- the contract low
MAY CBOT WHEAT
May wheat on Monday closed weaker and nearer the session low after hitting a
fresh six-week high early on. Bullish "outside markets" Monday--higher crude
oil prices, a sharply higher U.S. stock market and a lower U.S. dollar--did not
help wheat bulls. That's a bearish clue. Wheat bears still have the slight
near-term technical advantage. The next downside price objective for the bears
is pushing and closing prices below solid technical support at last week's low
of $5.11 1/2. Bulls' next upside price objective is to push and close May
futures prices above solid technical resistance at $5.89 3/4 a bushel. First
resistance is seen at Monday's high of $5.63 and then at $5.75. First support
lies at Monday's low of $5.45 and then at $5.37 3/4.
$11.90
--- the contract high
$5.36 3/4 --- 10-day moving average
$5.28 1/2 --- 20-day moving average
$5.45 3/4 --- 40-day moving average
$4.84 1/4 --- the contract low
MAY KCBT WHEAT
May KCBT wheat on Monday closed firmer and nearer the session low and did hit
a fresh six-week high. Prices are in a three-week-old uptrend on the daily bar
chart. The bulls' next upside price objective is pushing prices above solid
technical resistance at $6.20. The bears' next downside objective is pushing
and closing prices below solid technical support at last week's low of $5.71.
First resistance is seen at Monday's high of $6.12 and then at $6.15. First
support is seen at Monday's low of $6.00 and then at $5.92.
$12.55
the contract high
$5.88 3/4 --- 10-day moving average
$5.75 3/4 --- 20-day moving average
$5.84 1/2 --- 40-day moving average
$5.13
the contract low
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
32900.00 | + 1950 | 33200.00 | + 2000 |
ПФО |
32000.00 | + 1690 | 32500.00 | + 1500 |
СКФО |
33000.00 | + 1350 | 33500.00 | + 1500 |
ЮФО |
33000.00 | + 1500 | 33500.00 | + 1500 |
СФО |
33000.00 | + 1000 | 34000.00 | + 1000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
74000.00 | + 1000 | 74500.00 | + 1000 |
ЮФО |
73000.00 | + 1000 | 75000.00 | + 1000 |
ПФО |
73500.00 | + 1500 | 75000.00 | + 1800 |
СФО |
74000.00 | + 500 | 76000.00 | + 1100 |
Обсуждение