Commodities
Corn Futures Struggle at Resistance
Corn futures are struggling to break through resistance at US$536.13, despite brief periods of buying activity.
The contract is currently trading at US$529.62 in a flat session with no significant change on the day.
The short- and medium-term moving averages are exerting selling pressure, while the long-term average remains above the current price.
Momentum indicators suggest a bearish bias, but some indicators point to brief buying strength within a mixed intraday backdrop.