empty
31.01.2025 05:01 AM
Forecast for ZC (Corn) on January 31, 2025

On the daily chart for the March corn futures contract, there has been a sharp reversal. The Fibonacci grid, applied to the entire movement from last August's low, indicates a correct movement structure, with the strongest level at 50.0%, corresponding to a price of 451.0. It is likely that the price is moving towards this level.

This image is no longer relevant

The MACD oscillator has reversed almost from the overbought zone. The Marlin oscillator is not shown due to insufficient historical data.

This image is no longer relevant

On the H4 chart, the Marlin oscillator is active and entering a downward trend. The price has consolidated below both the MACD line and the balance line. We anticipate that the price will reach the target level of 451.0.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2025
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.