Technical Forecast for Corn

Corn tested good support at 477/476 & saw a low for the day as predicted. We bounced to resistance at 484/485 which did hold the topside as expected. However a break higher could target 492/493 for selling opportunity with stops above 496. 

 

Good support at 477/476 again today but a break lower should fill the gap at 472. Look for a buying opportunity from here down to 470 with a bounce expected.