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HomePakistanWeekly Technical Analysis of Corn – 28 November 2025

Weekly Technical Analysis of Corn – 28 November 2025

🌽✨ Corn Futures (ZCH2026) — Market Snapshot

📈 Trend: Range-Bound
 🌍 Prices Increase on WoW due to covering from Non-Commercial
 ⚠️ Immediate shipment have diminished along with domestic demand for ethanol and industrial crush has strengthened.

📊 Technical Indicator: 🔁 Fibonacci Retracement
 🧭 Major resistance remains at 451 USD/bu, a crucial level to watch for a breakout.

💰 Support: 🟢 425-430 USD/bu
 🎯 Caution advised: Ongoing farmer selling at lower levels could cap any short-term recovery.

💵 Resistance Zone: 🔴 450 – 455 USD/bu
 📉 Traders eyeing this zone for profit-taking or range-top resistance.

📊 Open Interest: 📄 744.86K contracts
 🪙 Suggests strong market participation — indicating sustained hedging and speculative interest.

🛢️ Future Type: 🌽 Corn (ZCH2026)
 📍 Traded on the Chicago Board of Trade (CBOT)the benchmark contract for global corn pricing.

It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.

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