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FX.co ★ Purchases and sales on the commodity market on March 14

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Forex Analysis:::2022-03-14T04:14:01

Purchases and sales on the commodity market on March 14

Corn (#ZC) - purchase.

On the four-hour chart of the May corn futures, the price was fixed above the indicator lines of the balance and the MACD. The Marlin oscillator has broken into the zone of a growing trend. We are waiting for the price at the upper border of the price channel, around the 793.9 mark.

Purchases and sales on the commodity market on March 14

Coffee (#KC) - sale.

On the four-hour chart of the May coffee futures, the price is storming the range of Fibonacci levels of 271.0-261.8%, where the price has already found support on March 4. But this time the Marlin oscillator broke through from top to bottom under the zero line, creating a sell signal. We are waiting for the price at the Fibonacci reaction level of 314.0% in the price area of 212.92.

Purchases and sales on the commodity market on March 14

Analyst InstaForex
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