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Technical Forecast for Corn

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Technical Forecast for Corn

 


Corn beat 649 to reach our selling opportunity at 658. We topped exactly here in fact to hit 652/651, offering a nice profit. This same strategy may be worth trying again today but with stops above 660 for a move towards 662, may be as far as 664/665.


 


653 is our first support today but a break lower is possible & could target 648/647 & a low for the day possible. Failure here however should see a move towards the next support at 643/642.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas

 

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