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.