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CBOT December corn (CZ26) may retest a resistance at $5.36-1/4 per bushel, a break above which could lead to a gain into the $5.39-3/4 to $5.42-1/4 range.A correction from $5.49-3/4 is assumed to have been driven by a wave (4), which seems to have ended around a support at $5.25. This is the fourth…
CBOT December corn (CZ26) may retest support at $5.36-1/4 per bushel. A break below could trigger a fall toward $5.27-1/4, after the contract failed again to break resistance at $5.42-1/4.
CBOT December corn may retest support at $5.36-1/4 per bushel; a break below could trigger a fall to $5.30-3/4. The contract fell below a rising channel after failing twice to break a resistance at $5.49.