CBOT corn may bounce into $5.28-1/4 to $5.31-1/4 range before falling

CBOT December corn (CZ26) may bounce moderately into a range of $5.28-1/4 to $5.31-1/4 per bushel before turning around and retesting a support at $5.18.A wave c from $5.44-1/2 has travelled close to its 114.6% projection level of $5.14-1/4. It is likely to extend into $5.01-3/4 to $5.08 range.Howe…