European Corn Futures Analysis | November 5, 2024 | Klarenbach Research

We examine the current state of European corn futures on the Euronext exchange, focusing on the four stages of the market structure: accumulation, markup, distribution, and decline.

Using a weekly line chart for clarity, we explore whether we’re still in a stage 4 decline or possibly transitioning into a new accumulation phase.

The chart highlights critical levels, such as the $200 resistance and the significant $170 support, raising the question of what lies ahead for this market.

Could these trends be signaling a shift in European corn prices?

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Chapters
0:00 Introduction
0:28 $EMA1! - Weekly Line Chart
0:51 Stage 1 - Accumulation
1:02 Stage 2 - Markup
1:16 Stage 3 - Distribution
1:26 Stage 4 - Decline
1:33 4 Stages of the Market Structure
2:27 $200 Level
2:48 Conclusion

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Klarenbach Research | Trent Klarenbach