Technical Forecast for Corn

Corn for December tried & failed to break 488. We have finally filled the gap at 480 & are holding above here now. We are starting to look oversold short term but any bounce runs in to resistance at 490/491 for a selling opportunity with stops above 493. A surprise break higher could then target 497/498.

A break below 480 in this bear trend always possible & risks a slide as far as 468/467.