Sahrin

Sahrin Apr 26

This market analysis suggests that the price of corn futures is currently in an uptrend, particularly if it stays above the 20-day moving average and the March low. Breaking above the 5,000 price level would signal a potential move towards higher targets, indicating continued strength. However, falling below the key support level of the 20-day moving average...

Sahrin Apr 18

The price is below the middle line (likely a 20-day moving average) of the Bollinger Bands, which typically signals bearish momentum. Recent price action shows a lower high and a lower low pattern, indicating the continuation of a downtrend. The candlesticks are mostly red with increasing volume of selling pressure. Bands are widening, suggesting increased...

Sahrin Apr 17

Currently trading below the 20-day SMA (middle of Bollinger Bands), indicating bearish momentum. Support zone: ~17,600 (recent lows and high volume area) Resistance zone: ~18,800–19,200 (middle Bollinger Band & recent highs) Failure to break above 18,800 and another test of 17,600 could lead to continuation downward, possibly toward 17,000–16,800.

Sahrin Apr 17

Downtrend Confirmed: The price has been in a strong downtrend since early March 2025. Lower Highs & Lower Lows: Classic pattern of a downtrend is visible. Wide Bandwidth: Bands widened significantly during the sell-off in early April, indicating high volatility. Support Zone Near 38,000: Recent candles show buying interest around the 38,000 level with long...

Sahrin Mar 26

Recent candlesticks indicate strong upward momentum after a pullback. There is a higher low formation, suggesting a possible continuation of the uptrend. The presence of long wicks in recent candles suggests volatility and buyer strength. Support Levels: Around $33.20 - $33.40 (recent swing low and moving average support). Resistance Levels: Near-term...

Sahrin Mar 24

Price is currently testing the midline of the Bollinger Bands (blue line), which often acts as dynamic support/resistance. The recent price rejection at the upper band and subsequent drop toward the midline suggests a potential continuation to the lower Bollinger Band (~940-950 range) if bearish pressure continues. Increased volume on recent down days suggests...

Sahrin Mar 23

Support: Around $1,100 (recent swing low). Resistance: Around $1,400 (recent swing high). If the price falls below the middle band, the lower band could act as support. A drop below $1,100 could lead to further downside towards $900.

Sahrin Mar 22

Higher red bars (selling volume) in recent declines indicate strong selling pressure. Support Zone: Around 5400-5500 (recent lows, lower Bollinger Band). Resistance Zone: Around 5800-6000 (upper Bollinger Band, previous swing highs). A failure to hold above 5500 could lead to another retest of recent lows (5200-5300).

Sahrin Mar 19

Support: $64.50 (Recent low and lower Bollinger Band) Resistance: $67.50 - $68.00 (Near-term resistance, where the price is currently struggling) If the price fails to hold above $66 and breaks below $64.50, further downside towards $63 may occur. Watch the Middle Bollinger Band: A close above it often signals further upside. Failing there could point to...

Sahrin Mar 18

The price is trading below the midline (moving average) of the Bollinger Bands. Lower highs and lower lows indicate a downtrend. Immediate Support: Around $120 (lower Bollinger Band) Volume appears moderate, with some increasing spikes during price drops, suggesting strong selling pressure.

Sahrin Mar 15

Currently, price is trading below the middle Bollinger Band, indicating a bearish phase. Middle Band : Price has decisively broken below this level, acting as resistance. Rising volume on the decline suggests strong selling pressure. Support: Around 4,500 (recent bounce zone) and 4,350 (historical support). Resistance: Near 4,700-4,750 (previous...

Sahrin Mar 7

The price recently had a strong rally but is now in a short-term downtrend after failing to sustain highs near $1,900. The price is currently below the middle Bollinger Band (moving average), signaling bearish momentum. A potential support zone is around $1,200, near the lower Bollinger Band. Widening Bollinger Bands indicate increased volatility. The price...

Sahrin Mar 5

The bands are widening, indicating increased volatility. Price has been hugging the lower Bollinger Band, suggesting a strong downtrend. Increased Volume on Sell-Off: The recent strong bearish move was accompanied by high volume, confirming strong selling pressure. Possible Capitulation?: If volume spikes further while price stabilizes, it could indicate...

Sahrin Feb 17

Downtrend Confirmation: The price recently broke below the mid-Bollinger Band (20-day SMA), signaling bearish momentum. Lower Bollinger Band Touch: The price recently reached the lower band, suggesting oversold conditions or a continuation of the downtrend. Volume Spike in Down Move: Increased volume during the price drop indicates strong selling pressure. ...

Sahrin Feb 2

Currently, the price is in a correction phase, declining from its peak. The price is near the lower Bollinger Band, indicating oversold conditions. The bands are contracting, suggesting lower volatility. If $5.50 support breaks, price could decline towards $5.00 or lower. A test of $3.60 could occur if the bearish trend continues.

Sahrin Jan 31

The price is in a strong uptrend, with consistent higher highs and higher lows. The recent breakout above 2,800 confirms bullish momentum. Support: Around 2,720 (previous swing high) and 2,600 (lower Bollinger Band). Resistance: Current high at 2,853.2—watch for potential pullbacks. The price is near the upper Bollinger Band, suggesting a strong bullish move...

Sahrin Jan 8

The current trend shows consolidation after a prolonged bearish phase. The middle Bollinger Band could act as dynamic resistance or support, depending on the breakout direction. Narrowing of the Bollinger Bands suggests lower volatility, often a precursor to a significant price move. A break above $1,700 could confirm a bullish reversal. A drop below $1,200...

Sahrin Dec 31, 2024

Resistance: Around $2,790 (as shown by the peak levels on the Bollinger Bands in May and again in August-September). Support: Around $2,550, as prices bounced off this level multiple times in the last few months. Price recently touched the lower Bollinger Band, indicating potential oversold conditions or a continuation of downward pressure. In this case, it...