TECHNICALS-CBOT corn to rise into $4.44-3/4 to $4.47-1/4 range
SINGAPORE, Feb 26 (Reuters) - CBOT corn CK26 is expected to break a resistance at $4.42-3/4 per bushel and rise into $4.44-3/4 to $4.47-1/4 range.
The contract is presumed to be riding on a wave C from $4.34, which may either end around its 61.8% projection level of $4.44-3/4 or extend to $4.51-1/2.
Given that the market has stabilized around a support at $4.38-1/4 twice and climbed steadily above a resistance at $4.40-3/4, it may retest the higher resistance at $4.44-3/4.
A break below $4.40-3/4 could trigger a fall to $4.38-1/4. On the daily chart, the contract is retesting a resistance at $4.42-3/4.
After three failed attempts, it may succeed this time. A break would open the way toward $4.53-1/4.
Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own.
No information in this analysis should be considered business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
ck
tech
Related Articles
Circle Stock Price Outlook: Will Circle Internet Group Rebound in 2026?
TradingKey - Circle Internet Group (CRCL) saw its stock price experience a roller coaster ride since its 2025 IPO debut at $31 a share. Those early fireworks faded, and the shares now sit roughly 75% below their June peak, though they’re still more than double the IPO level. Outside of that first-mo
Nvidia Q4 Earnings: Market Fears Competition, but NVDA Moat is Beyond CUDA
All eyes are on Nvidia this week, as the company reports its 2026Q4 earnings.
Nvidia Q4 Earnings Preview: AI-Driven Growth Versus Market Expectations
TradingKey - NVIDIA (NVDA) is set to release its fourth quarter fiscal year 2026 earnings report after the market close on February 25, ET. As the world undergoes a period of rapid AI technological advancement, market debates over a capital expenditure bubble have intensified. In this context, NVIDIA’s results serve not only as a test of its business performance but also as a core bellwether for the sustainability of the global AI boom.
What Is the Best Nuclear Energy Investment in 2026? Which Should You Buy in, OKLO or Nuclear Energy ETFs?
TradingKey - Demand for electricity is surging, and data centers designed for artificial intelligence are a big reason. Governments are also demanding cleaner, dependable power. This coupling has brought about a revival in nuclear power, with capacity expected to increase in the coming decades. To i
