Technical Forecast for Corn

Corn for December retests July lows at 491/490 with today’s outlook quite negative. A break lower cannot be ruled out & in fact looks likely, to target a gap at 480. Below here risks a slide as far as 468/467.

 

Resistance at 502/503 should hold the topside & offer a selling opportunity. We need stops on shorts above 506 however for a selling opportunity at 509/510.