{"id":251,"date":"2012-07-31T13:12:11","date_gmt":"2012-07-31T13:12:11","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=251"},"modified":"2012-07-31T13:19:11","modified_gmt":"2012-07-31T13:19:11","slug":"corn-futures-sustaining-the-bid-above-800","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2012\/07\/31\/corn-futures-sustaining-the-bid-above-800\/","title":{"rendered":"Corn Futures sustaining the bid above 800"},"content":{"rendered":"<div>\n<div><strong>Corn is at historic highs and is\u00a0sustaining the bid above 800. Below is yesterday&#8217;s Weekly outlook from FuturesTechs. We also provide Support and Resistance levels for traders of all approaches and time frames. <\/strong><\/div>\n<div><\/div>\n<div><\/div>\n<div><em>Our Fibonacci work suggests targets of 843.6, 916.4 and 1034 if we can get through 800\u2026\u201d <\/em><\/div>\n<div><\/div>\n<div>799.2 capped upside in June 2008. 799.6 was the high\/failure in June 2011. A year on we\u2019ve just spent a couple of weeks sitting just below this massive horizontal resistance\u2026 until this morning.<\/div>\n<div><\/div>\n<div>So as we write the market is through 800, having printed 817.6 in overnight trade. The key thing is whether this will be sustained once the volume kicks in.<\/div>\n<div><\/div>\n<div>800 is obviously a key barrier and 795.6 was Friday\u2019s high so is gap support. We would ask that these hold to say \u201cyes\u201d to the idea that the overnight move is sustainable.<\/div>\n<div><\/div>\n<div>As mentioned in Italics above (a segment from our report from a couple of weeks back) we have Fibonacci targets above at 843.6, 916.4 and 1043. Obviously 1000 will be a number that could start getting talked about, and we also have a channel on the weekly chart suggesting resistance at 875.2, with the support line sitting below at 783.4.<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2012\/07\/corn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-252\" title=\"corn\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2012\/07\/corn-300x177.jpg\" alt=\"\" width=\"300\" height=\"177\" srcset=\"https:\/\/www.futurestechs.co.uk\/news\/wp-content\/uploads\/2012\/07\/corn-300x177.jpg 300w, https:\/\/www.futurestechs.co.uk\/news\/wp-content\/uploads\/2012\/07\/corn-500x295.jpg 500w, https:\/\/www.futurestechs.co.uk\/news\/wp-content\/uploads\/2012\/07\/corn.jpg 734w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\nCorn is at historic highs and is\u00a0sustaining the bid above 800. Below is yesterday&#8217;s Weekly outlook from FuturesTechs. We also provide Support and Resistance levels for traders of all approaches and time frames. <\/p>\n<p>\nOur Fibonacci work suggests targets of 843.6, 916.4 and 1034 if we can get through 800\u2026\u201d <\/p>\n<p>799.2 capped upside in June &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2012\/07\/31\/corn-futures-sustaining-the-bid-above-800\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6,7],"tags":[586,112,120,587,228,236,302,674],"class_list":["post-251","post","type-post","status-publish","format-standard","hentry","category-commentary","category-technical-analysis","category-trading","tag-ags","tag-clive-lambert","tag-corn","tag-corn-technicals","tag-futures","tag-futurestechs","tag-liam-roberts","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":7,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"predecessor-version":[{"id":258,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/251\/revisions\/258"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}